Aequus Limited's IPO GMP climbed to 20%, valuing the precision engineering firm at $1.2 billion ahead of its December close.
The $300 million raise targets capacity expansion for aircraft components, amid 15% global demand growth. This bolsters India's $20 billion aerospace supply chain, reducing import reliance by 10%.
Market view: Investor appetite reflects 18% EBITDA margins, per filings. "Domestic listings fortify indigenization, saving $2 billion in forex," said industrial economist Lakshmi Nair.
Policy synergy: PLI scheme's $1 billion allocation accelerates tech transfers. Trends: EV aviation hybrids draw 25% R&D shifts.
Geopolitical tensions heighten strategic premiums.
