Aequs IPO Details
The key details of Aequs’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹921.81 Cr |
| Price Range | ₹118 - ₹124 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | ₹11 |
| Listing at | NSE and BSE |
| Minimum Quantity | 120 |
| Investment (cut-off price) | ₹14,880 |
| Pre IPO Promotor Holding | 64.48% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Aequs IPO Timelines
The IPO process for Aequs includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
03/12/2025
Start Date05/12/2025
End Date09/12/2025
Refund Initiation09/12/2025
Credit of Shares to Demat Ac10/12/2025
Listing DateAequs IPO Lot Size
The Aequs IPO has a fixed lot size of 120 shares, at an upper price band of ₹124 per share. For retail investors, the minimum application is 120 shares (1 lot) amounting to ₹14,880, while the maximum is 1,560 shares (13 lots) worth ₹1,93,440. For Small HNI (S-HNI) investors, the minimum application is 1,680 shares (14 lots) worth ₹2,08,320, while the maximum is 8,040 shares (67 lots) amounting to ₹9,96,960. Big HNI (B-HNI) investors need to apply for at least 8,160 shares (68 lots) totaling ₹10,11,840.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 120 | ₹14,880 |
| Retail Maximum | 13 | 1560 | ₹1,93,440 |
| S-HNI Minimum | 14 | 1680 | ₹2,08,320 |
| S-HNI Maximum | 67 | 8040 | ₹9,96,960 |
| B-HNI Minimum | 68 | 8160 | ₹10,11,840 |
Aequs IPO Subscription Status
The subscription status for Aequs IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Aequs IPO Company Financials
Aequs reports a challenging performance in FY2025 with Total Income of ₹565.55 crores, incurring expenses of ₹481.44 crores, and recording a negative Profit After Tax of ₹16.98 crores, indicating a net loss and reflecting pressures on profitability ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹840.54 | ₹777.48 | -₹109.50 |
| FY 2024 | ₹988.30 | ₹842.79 | -₹14.24 |
| FY 2025 | ₹959.21 | ₹851.24 | -₹102.35 |
| FY 2026 (6 M) | ₹565.55 | ₹481.44 | -₹16.98 |
About Company
Aequs Ltd., incorporated in 2000, is a manufacturing company that operates a special economic zone in India and provides fully vertically integrated capabilities primarily for the aerospace sector. Its core aerospace portfolio spans engine systems, landing systems, cargo and interiors, structures, assemblies and turning. Over time, the company has diversified into consumer electronics, plastics and consumer durables to serve a broader client base. As of September 30, 2025, Aequs produced more than 5,000 aerospace products across programs supporting major single aisle aircraft such as A220, A320 and B737 and long range aircraft including A330, A350, B777 and B787.
The company’s product range in structures includes brackets, corner fittings, cable quadrants, triangular brackets, wing flap supports and floorboards. In interiors and cargo, it manufactures components such as power distribution unit trays, side panels, pawls, seat bases and beam back supports. Its landing systems products cover main landing gear, brackets, front panels, uplocks, rims and wheel halves, while its actuation systems include housings, manifolds, mounting components, pistons and jack heads. As of the same date, the workforce consisted of 1,892 full time employees, 1,834 contractual employees, 55 trainees, 432 apprentices and 325 fixed term employees.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2000 | Engineering | Rajeev Kaul |
Know Before Investing
Aequs IPO Strengths
- Aequs specializes in high-precision components for aerospace and consumer sectors, serving global leaders like Safran, GKN Aerospace, and Spin Master.
- The company has consistently expanded operations over 15 years through new capabilities and diversification across aerospace and consumer segments.
- Long-term relationships with major OEMs in aerospace (Safran, GKN) and consumer goods (Spin Master, Wonderchef) ensure revenue stability and credibility.
- Facilities in Karnataka’s aerospace SEZ provide cost advantages, skilled labor access, and proximity to India’s growing aviation ecosystem.
- Operations span aerostructures, engine components, and consumer products like toys and kitchenware, reducing sector-specific risks.
- Benefits from India’s push for aerospace manufacturing, PLI schemes, and Aatmanirbhar Bharat initiatives supporting local production.
Aequs IPO Risks
- Dependence on a limited number of large OEMs exposes revenue to contract renewals, order fluctuations, or supplier shifts.
- Demand tied to global aviation cycles, subject to economic downturns, fuel prices, and aircraft production delays.
- Heavy investments in machinery and facilities increase financial leverage and execution risks for expansion plans.
- Aerospace components require stringent global certifications (AS9100, NADCAP); delays or failures can halt production.
- International revenues make Aequs vulnerable to rupee fluctuations and global trade disruptions.
Swot Analysis for Aequs IPO
Strengths
Vertically Integrated Manufacturing, Specialized Metallurgy Expertise, Large-Scale Operations
Weaknesses
Customer Concentration Risk, Cyclical Revenue Patterns, Working Capital Intensity
Opportunities
Aerospace Localization Push, Consumer Diversification, Sustainable Manufacturing
Threats
OEM Dependency, Intense Global Competition, Economic Cycles
Company Details
Aequs Ltd.
Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post, Bengaluru, Karnataka, 560048
Phone: 91 96 3205 8521
Email: investor.relations@aequs.com
Website: https://www.aequs.com/
IPO Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: aequs.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Aequs IPO are:
- Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable,availed by the company
- Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable twoof our wholly-owned Subsidiaries, through investment in the below Subsidiaries
- Funding capital expenditure to be incurred on account of purchase of machinery and equipment by the company
- Funding capital expenditure to be incurred on account of purchase of machinery and equipment by one of our wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited through investment in such Subsidiary
- Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes
JM Financial Ltd. , IIFL Capital Services Ltd. , Kotak Mahindra Capital Co. Ltd. are the book-running lead managers for the Aequs IPO.
Aequs IPO offers strong growth potential supported by rising aerospace manufacturing demand Make in India incentives and its multi location footprint across India France and the US. The ₹921.81 crore IPO will fund expansion technology upgrades and debt reduction strengthening capabilities in precision aerospace and consumer product markets for long term scale up.
The issue price for the Aequs IPO is set between ₹118 to ₹124 per share.
To invest in one lot of Aequs IPO, you need ₹14,160 at the lower price band (₹118 per share) or ₹14,880 at the upper price band (₹124 per share) for a lot size of 120 shares.
Aequs IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 10, 2025.
Refund/unblocking of funds for Aequs IPO will begin on December 9, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Aequs IPO shares on listing day (December 10, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.