GMP-based discussions are intensifying in the market regarding the IPO of Aequs Limited (Aequs) coming up in December 2025. Although the official IPO price-band has been fixed at ₹ 118–₹ 124, the GMP recorded in the grey market at ₹ 43–₹ 44, indicating the aspirations of the stock trading at an undisclosed price. In this context, in this post: What is GMP, what is the current GMP estimate for Equus IPO, possible listing price, and important risks and opportunities.
What is GMP? (A brief introduction to Grey Market Premium)
GMP is the premium paid to IPO shares before they are officially launched, in unofficial (unofficial / grey_market) trading. Generally, GMP = (Grey market price) − (IPO issue price). For example, if the IPO price is ₹100, the grey-market price is ₹140, and the GMP is ₹40. If the GMP raises, there is an attraction in the market for the IPO, which means that the share price on the listing day is more likely to be higher than the IPO price.
Aqus IPO – Latest GMP & Listing Expectations
| Details | Values |
| Ipo Price Band | ₹118-124₹ Per Share Price |
| Grey Market Premium | ₹43-₹44 As of now. |
| Estimated Listing Price | ₹167 – ₹168 per share include GMP Estimate. |
| Expected Listing Gain | Mostly 35% – 36% |
| Ipo Issue Size | 921.81 Crores In INR |
What it means: Based on the current GMP price swings (₹43–₹44) in the grey-market, some market estimates suggest that Aequs shares could list at ₹167–₹168 post-IPO, with investors expecting a profit of around 35-36%.
Reasons & Warnings for the GMP-above Expectations
Why are expectations rising?
The gap between the share preset (Issue Price Band) and GMP is wide; this indicates that there is good demand for the IPO in the market. The fact that profitable discussions have started in the grey-market before the start of trading has increased investor interest.
Why be careful?
GMP is an unofficial indicator it only indicates the current price, the actual price at the time of official listing may be different. The fundamentals of the IPO, the company’s business situation, and the market conditions these should be more important than the GMP.
What should you do now — Should you invest?
Although GMP is a good indicator do not decide your investment solely on the basis of GMP. Carefully consider the company’s fundamentals and the real situation amidst high expectations. If you want to buy shares after listing wait for the IPO allotment and see the price when the share is listed. If you invest in a small amount (lot size + risk-tolerance), it can be seen as an experimental investment without much risk.
Conclusion & Things to Remember
Although the current GMP of Aequs Limited IPO at ₹43-₹44 indicates good market traction it is risky to make an investment decision solely on the basis of GMP. IPO price, company fundamentals, and market conditions all these are important factors for a comprehensive judgment.
Note: This is only an informative analysis it is not an investment recommendation.
