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Subscription Status · Dec 03 – Dec 05, 2025 · ₹118–124
The Aequs IPO subscription has recorded exceptional investor demand with an overall subscription of 55.21× as of Dec 05, 2025, indicating that investors applied for 55.21 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Dec 05, 2025, 3:37 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
22,610,608 | 1,336,119,000 |
59.09×
|
|
NII
Non-Institutional Investors
|
11,537,634 | 563,173,200 |
48.81×
|
|
bNII
Bids above ₹10L
|
7,691,756 | 359,041,680 |
46.68×
|
|
sNII
Bids below ₹10L
|
3,845,878 | 204,131,520 |
53.08×
|
|
Retail
Retail Individual Investors
|
7,691,756 | 415,027,080 |
53.96×
|
|
Employees
Employee Category
|
186,915 | 6,043,080 |
32.33×
|
|
Total
|
42,026,913 | 2,320,362,360 |
55.21×
|
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 22,610,608 | 1,336,119,000 | 59.09× |
| NII | 11,537,634 | 563,173,200 | 48.81× |
| bNII | 7,691,756 | 359,041,680 | 46.68× |
| sNII | 3,845,878 | 204,131,520 | 53.08× |
| Retail | 7,691,756 | 415,027,080 | 53.96× |
| Employees | 186,915 | 6,043,080 | 32.33× |
| Total | 42,026,913 | 2,320,362,360 | 55.21× |
As of December 05, 2025, the Aequs IPO has been subscribed 55.21 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.
The Aequs IPO subscription window was open from December 03, 2025 to December 05, 2025. Investors could apply through their demat account or ASBA facility.
The Aequs IPO has a price band of ₹118 to ₹124 per share, with a lot size of 120 shares. Minimum retail investment: ₹14,160 (lower band) or ₹14,880 (upper band).
The QIB category has been subscribed 59.09 times. QIBs were offered 22,610,608 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 53.96 times. Retail was offered 7,691,756 shares. High retail subscription reflects strong small-investor interest.
Overall NII: 48.81×. bNII (>₹10L): 46.68×, sNII (<₹10L): 53.08×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on December 08, 2025. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Aequs IPO is expected to list on December 10, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 55.21× means investors have bid for 55.21 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 53.96×, the estimated allotment probability for retail investors is Low. Lottery-based; ~1 lot if allotted. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Aequs IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Dec 03 to Dec 05, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Aequs IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Dec 03, 2025Subscription Closes Done
Dec 05, 2025Basis of Allotment Done
Dec 08, 2025Listing on NSE,BSE Done
Dec 10, 2025Lottery-based; ~1 lot if allotted. Based on retail subscription of 53.96×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
