Aequs Ltd Makes a Strong Debut on the Stock Market
Shares of Aequs Ltd, a leading contract manufacturing firm specializing in consumer durable goods and aerospace parts, had a successful first trading day on the stock market, closing with a 22% gain over the initial public offering (IPO) price.
Key Highlights of the Stock Market Debut
- The shares were listed at a premium of 13% over the IPO price of ₹124.
- The company's market valuation stood at ₹10,146 crore on the Bombay Stock Exchange (BSE).
- The shares closed at ₹151.30 apiece, which is 22% higher than the IPO price.
Analysts' Views on the Company's Future Prospects
According to Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd., the listing was well below expectations, making it a good opportunity for investors to hold the stock for the long term. He believes that the company's strong competitive positioning, global customer relationships, and alignment with India's expanding aerospace manufacturing opportunities will drive its growth.
Shivani Nyati, Head of Wealth at Swastika Investmart, also expressed a positive view on the company's prospects, citing its ability to scale operations, deepen global customer relationships, and benefit from India's rising prominence in aerospace manufacturing. However, she cautioned investors to be mindful of key risks, including sector cyclicality and dependence on global aerospace demand.
Investment Advice
Shivani Nyati advised investors who received an allotment to follow a balanced approach, booking partial profits after the 13% listing gain to secure immediate returns, while holding the remaining quantity for the medium to long term.
About Aequs Ltd
Aequs Ltd was founded in 2009 and has grown into a globally recognized engineering-focused ecosystem serving both the aerospace and consumer markets. The company makes over 5,000 components for major aircraft programs and supplies products to clients in consumer electronics, plastics, and consumer durables.