Aequs IPO, Dec. 3 -- The initial public offering (IPO) of Aequs, a contract manufacturing company specialising in consumer durables and aerospace components, witnessed strong traction on the first day of the bidding process on Wednesday, December 3.

The issue sailed through amid strong demand from retail, HNI and employee quotas, while institutional investors also lent support. The grey market premium (GMP) for the Aequs IPO remained firm, thus keeping investor interest heightened.

Aequs IPO was booked 3.42 times on the first day of the bidding.

Retail investors led the demand, with their portion subscribed 11.46 times, while the non-institutional investor category was subscribed 3.40 times. The employee portion was booked 6.72 times, ...