Aequs Shares End First Trading Session 22% Above Issue Price

Aequs made a strong debut on the bourses, and the stock ended the session at INR 151.5, up 22.18% from the issue price on the BSE

The issue price for the offering, which comprised a fresh issue of shares worth INR 670 Cr and OFS of up to 2.03 Cr shares, was INR 124

Aequs’ IPO closed with an oversubscription of 101.63X, receiving bids for 427.1 Cr shares against 4.20 Cr shares available for subscription

Update | December 10, 17:37 IST

Shares of Aequs jumped over 12% to…