Aequs IPO allotment expected on December 8: Here’s how to check status online

Aequs Ltd. is set to finalise the allotment of shares for its initial public offering (IPO) on Monday, December 8. The IPO closed with a robust subscription of 104.30 times on the third and last day of bidding on Friday, December 5.

The ₹921.81-crore book-building issue, which opened for bidding on December 3, received applications for 427.19 crore shares against 4.09 crore shares on offer, as per the NSE data. The retail portion of the IPO was booked 81.03 times, while the Qualified Institutional

Buyers (QIBs) subscribed their segment 122.93 times. The Non-Institutional Investors (NIIs) subscribed their category 83.61 times.

The IPO comprised a fresh issue of 5.4 crore shares, amounting to ₹670 crore, and an offer-for-sale (OFS) segment of 2.03 crore shares, worth ₹251.81 crore. The company offered the IPO shares at a price band of ₹118 to ₹124 each.

Aequs Ltd., a precision component manufacturer, plans to utilise IPO proceeds for repayment of debt at two subsidiaries, AeroStructures Manufacturing India and Aequs Consumer Products. A portion of the funds will also be used for machinery purchases, acquisitions, strategic initiatives and general corporate purposes.

Investors who have bid for the IPO shares can check their share allotment status online through the BSE, NSE, and the official website of the issue registrar, Kfin Technologies Ltd.

Steps to check the Aequs IPO share allotment on the BSE

• Access the IPO allotment page on the BSE site: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx


• Choose 'Equity' as the issue type


• Select ‘Aequs Ltd’ from the dropdown list


• Provide your IPO application number or PAN to proceed


• Click on ‘Search’ to view your share allotment details

Steps to check Aequs IPO allotment on Kfin Technologies

• Go to the link: https://ipostatus.kfintech.com/


• Under ‘Select IPO’, click on 'Aequs Ltd' from the dropdown menu


• Provide your Demat Account Number, PAN, or IPO Application Number


• Click on 'Submit' to view your allotment status

The Aequs IPO allotment status can also be checked via the NSE using the application number and PAN.

The company is scheduled to initiate refunds and transfer of shares to the Demat accounts on December 9. The Aequs IPO listing date has been tentatively fixed as December 10. Shares of the company will be listed on the NSE and BSE.

Aequs Ltd specialises in precision component manufacturing for the aerospace industry. It supplies components for engine systems, landing systems, cargo and interiors, structures, assemblies and turning to the aerospace companies.