Aequs IPO GMP surges to 35% ahead of launch on December 3; check issue size and other key details inside

Aequs will open its Rs 921.81-crore IPO on December 3, with grey market premiums surging to about 35%, indicating strong investor appetite. Priced at Rs 118–124 per share, the issue includes a fresh offering and OFS. Despite widening losses, pre-IPO institutional interest and strong aerospace manufacturing capabilities support sentiment.