Aequs IPO allotment today: How to check status online
What's the story
Aequs Ltd., a leading precision component manufacturer, is set to finalize the allotment of shares for its initial public offering (IPO) today. The ₹921.81-crore book-building issue opened on December 3 and was oversubscribed by a whopping 104.30 times by the end of bidding on December 5. The retail portion was subscribed 81.03 times while Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) subscribed their segments 122.93 times and 83.61 times, respectively.
Fund allocation
IPO structure and utilization of funds
The Aequs IPO consisted of a fresh issue of 5.4 crore shares worth ₹670 crore and an offer-for-sale (OFS) segment of 2.03 crore shares worth ₹251.81 crore. The company had set the price band for its IPO at ₹118-124 per share. Proceeds from the IPO will be used to repay debt at two subsidiaries, AeroStructures Manufacturing India and Aequs Consumer Products, as well as for machinery purchases, acquisitions, strategic initiatives, and general corporate purposes.
Status check
How to check share allotment status online
Investors who have applied for the IPO shares can check their share allotment status online through BSE, NSE, or the official website of the issue registrar, Kfin Technologies Ltd. To do this on BSE's website, select 'Equity' as issue type and 'Aequs Ltd' from dropdown list. Then enter your IPO application number or PAN to proceed and click on 'Search' to view your share allotment details.
Alternative method
IPO allotment status check via Kfin Technologies
To check the allotment status through Kfin Technologies (https://ipostatus.kfintech.com/), select 'Aequs Ltd' from dropdown menu under 'Select IPO.' Then enter your Demat Account Number, PAN or IPO Application Number and click on 'Submit' to view your allotment status. The Aequs IPO allotment status can also be checked via NSE using application number and PAN.
Listing details
Listing date and company's future plans
Aequs Ltd. is scheduled to initiate refunds and transfer shares to Demat accounts on December 9. The company's shares will be listed on both NSE and BSE on December 10. Although primarily focused on the aerospace sector, Aequs has expanded its offerings over the years to include consumer electronics, plastics, and durable goods.