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The initial public offering of Aequs Limited has received a robust response from investors on the second day of the bidding process with the issue being booked over ten times so far reflecting strong demand across various categories the grey market premium or GMP currently suggests a listing gain of approximately thirty seven percent indicating positive sentiment among market participants the retail investor portion has seen significant interest along with non institutional investors while the qualified institutional buyers category is expected to pick up pace on the final day the price band for the issue is fixed between one hundred eighteen and one hundred twenty four rupees per share and the bidding is set to conclude on Friday December fifth investors are closely monitoring the subscription numbers and the grey market trends to make informed decisions regarding their applications the company aims to raise funds for debt repayment capital expenditure and other strategic initiatives through this public issue which is being watched closely by market analysts for its potential performance upon listing the strong subscription numbers on the second day underscore the confidence investors have in the company business model and future growth prospects
Read More: Grey Market Premium Hints at Strong Listing Gain for Aequs
