Aequs IPO Day 3, Dec. 5 -- Aequs Ltd, a contract manufacturing company focused on consumer durable goods and aerospace components, achieved a Aequs IPO subscription status of 11.10 times by the second day of its initial public offering on Thursday, December 4.

Aequs IPO GMP today is Rs.41. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Aequs is indicated at Rs.165 apiece, which is 33.06% higher than the IPO price of Rs.124.

The initial share offering of Aequs Ltd was fully subscribed within hours after the bidding commenced on Wednesday, December 3 concluding the day with a subscription rate of 3.42 times.

The share sale is set to close on Friday, December 5 wi...