Data sourced from BSE & NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 104.28x·QIB 122.93x·NII 83.61x·Retail 80.95x
Based on retail subscription by applications (67.17×), approximately 1 in 67 retail applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Aequs Limited Mainboard IPO was subscribed 104.28x in total when bidding closed on Dec 5, 2025, with 122.93x in the QIB category, 83.61x in NII, 80.95x in retail across BSE and NSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Dec 3, 2025 to Dec 5, 2025 at a price band of ₹118–₹124 per share. Allotment was finalised on Dec 8, 2025.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 22241733 | 2734134360 | 122.93 |
| NIIs | 11124399 | 930166200 | 83.61 |
| BNIIs (>10L) | 7416266 | 592248480 | 79.86 |
| SNIIs (<10L) | 3708133 | 337917720 | 91.13 |
| Retail | 7416266 | 600314040 | 80.95 |
| Employee | 176991 | 6700560 | 37.86 |
| Total | 40959389 | 4271315160 | 104.28 |
| Total Applications44,55,166 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 4,414 | 70,172 | 15.9 |
| SNIIs (<10L) | 2,207 | 1,90,980 | 86.53 |
| Retail | 61,802 | 41,50,987 | 67.17 |
| Employee | - | 41,949 | - |
| Total Applications44,55,166 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 275.8 | 33903.27 | 122.93 |
| FIIs | - | 11796.32 | - |
| DIIs | - | 14079.00 | - |
| Mutual Funds | - | 2580.92 | - |
| Others | - | 5447.03 | - |
| NIIs | 137.94 | 11534.06 | 83.61 |
| BNIIs (>10L) | 91.96 | 7343.88 | 79.86 |
| SNIIs (<10L) | 45.98 | 4190.18 | 91.13 |
| Retail | 91.96 | 7443.89 | 80.95 |
| Employee | 2.19 | 83.09 | 37.86 |
| TOTAL | 507.9 | 52964.31 | 104.28 |
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
|
Day 1
3 Dec 2025
5:00 PM
|
0.68x |
3.54x
2.98x
4.65x
|
11.97x | 3.52x |
|
Day 2
4 Dec 2025
5:00 PM
|
0.75x |
17.46x
14.14x
24.10x
|
34.24x | 11.42x |
|
Day 3
5 Dec 2025
5:00 PM
|
122.93x |
83.61x
79.86x
91.13x
|
80.95x | 104.28x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE & NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 15.90x |
| sHNI | 86.53x |
| Retail | 67.17x |
Because Aequs Limited closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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