MAINBOARD · NSE + BSESubscribed: 7.43×
Aequs IPO

Aequs IPO

Aequs IPO

Overview

Aequs IPO is a book build issue of ₹921.81 crores. The issue is a combination of fresh issue of 5.40 crore shares aggregating to ₹670.00 crores and offer for sale of 2.03 crore shares aggregating to ₹251.81 crores. Aequs IPO opens for subscription on Dec 3, 2025 and closes on Dec 5, 2025. The allotment for the Aequs IPO is expected to be finalized on Dec 8, 2025. Aequs IPO will list on BSE, NSE with a tentative listing date fixed as Dec 10, 2025. Aequs IPO price band is set at ₹118.00 to ₹124.00 per share . The lot size for an application is 120. The minimum amount of investment required by an retail is ₹14,880 (120 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,680 shares), amounting to ₹2,08,320, and for bNII, it is 68 lots (8,160 shares), amounting to ₹10,11,840. JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Total Shares

7,43,39,651

Issue Size

₹921.81 Cr

Price Band

118 – ₹124

Lot Size

120 shares

Min. Investment

14,880

Max. Investment

1,93,440

Open Date

03 Dec, 2025

Close Date

05 Dec, 2025

Allotment

08 Dec, 2025

Listing

10 Dec, 2025

Announced

03 Dec, 2025

Opening Date

03 Dec, 2025

Closing Date

05 Dec, 2025

Basis of Allotment

08 Dec, 2025

Initiation of Refunds

09 Dec, 2025

Credit of Shares

09 Dec, 2025

Listing Date

10 Dec, 2025

Live GMP

Est. Listing: ₹171

46.5

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About Aequs IPO

Incorporated in 2000, Aequs Ltd. is engaged in manufacturing and operating a special economic zone in India to offer fully vertically integrated manufacturing capabilities in the Aerospace Segment.

The company's diverse product portfolio includes components for engine systems, landing systems, cargo and interiors, structures, assemblies and turning for the aerospace clients.

The company primarily operate in the Aerospace Segment, over the years, they have expanded t

Aequs IPO Share Price

Issue Breakdown

Total Issue7,43,39,651 shares₹921.81 Cr
Fresh Issue5,40,32,258 shares₹670.00 Cr
Offer for Sale2,03,07,393 shares₹251.81 Cr

Shareholding

Pre-Issue61,66,17,677
Post-Issue67,06,49,935

Dilution: 8.8% increase in shares

Aequs IPO Promoters Holding

Pre-Issue64.48%
Post-Issue

Aequs IPO Financial Health

Aequs Ltd.'s revenue decreased by 3% and profit after tax (PAT) dropped by 619% between the financial year ending with March 31, 2025 and March 31, 2024.

Aequs IPO Lot Size

Investors can bid for a minimum of 120 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)112014,880
Retail (Max)1315601,93,440
S-HNI (Min)1416802,08,320
S-HNI (Max)6780409,96,960
B-HNI (Min)68816010,11,840

(All values in CR)

Aequs IPO Valuations

KPI as of Mon, Mar 31, 2025.

MetricValue
ROE-14.30
ROCE0.87
Debt/Equity0.99
RoNW-14.47
PAT Margin-11.07
EBITDA Margin11.68
Price to Book Value9.94
Market Capitalization8316.06

(All values in CR)

Aequs IPO Strength & Risk

+Strengths

Aequs IPO Strength:

  • Operates as a vertically integrated precision manufacturing company with end-to-end capabilities.

  • Serves multiple sectors including aerospace, consumer durables, plastics, and electronics.

  • Strong presence in high-entry-barrier segments like aerospace components.

  • Established relationships with reputed global clients enhance credibility.

  • Global manufacturing footprint supports export opportunities and supply-chain efficiency.

  • Diversified product portfolio helps reduce dependence on any single segment.

  • Focus on expanding capacity and strengthening financial position through IPO funding.

!Risks

Aequs IPO Risk:

  • High dependence on aerospace and precision manufacturing makes the business sensitive to sector cycles.

  • Customer concentration risk due to reliance on a few major global clients.

  • History of inconsistent profitability raises execution and turnaround risk.

  • Vulnerable to fluctuations in raw-material costs, supply-chain issues, and regulatory changes.

  • Large capital expenditure requirements may lead to under-utilisation risk if demand slows.

  • Strict quality and certification requirements increase operational and compliance pressures.

  • Exposure to global economic, geopolitical, and industry-specific uncertainties.

Aequs IPO Subscriptions Status

Aequs IPO subscribed 7.43 times. The public issue subscribed 23.68 times in the retail category, 0.69 times in QIB (Ex Anchor), and 9.99 times in the NII category by December 4, 2025 12:39:38 PM (Day 2).

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.003,33,80,2623,33,80,262413.915
QIB (Ex Anchor)0.692,22,41,7331,52,70,480189.35
Non-Institutional Buyers9.991,11,24,39911,11,52,2801
bNII (bids above ₹10L)8.1274,16,2666,01,92,720746.39
sNII (bids below ₹10L)13.7437,08,1335,09,59,560631.9
Retail23.6874,16,26617,56,25,2802
Employees11.781,76,99120,84,88025.85
Total7.434,09,59,38930,41,32,9203

Aequs IPO GMP

Aequs IPO last GMP is ₹46.5, last updated Dec 4th 2025 12:02 PM. With the price band of 124.00, Aequs IPO's estimated listing price is ₹170.5 (cap price + today's GMP).The expected percentage gain/loss per share is 37.50%. >> Aequs IPO Retail Subject to Sauda: ₹4200 >> Aequs IPO Small HNI Subject to Sauda: ₹58800 The lowest GMP is ₹18.00, while the highest GMP is ₹46.50.

+46.5+37.5%

Last updated 04 Dec, 2025 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
04 Dec, 2025124₹46.54200/58800₹170.5 (37.50%)558004 Dec, 2025
03 Dec, 2025124₹45.54100/57400₹169.5 (36.69%)546003 Dec, 2025
02 Dec, 2025124₹46.54200/58800₹170.5 (37.50%)558002 Dec, 2025
01 Dec, 2025124₹44.54100/57400₹168.5 (35.89%)534001 Dec, 2025
30 Nov, 2025124₹43.54000/56000₹167.5 (35.08%)522030 Nov, 2025
29 Nov, 2025124₹433900/54600₹167 (34.68%)516029 Nov, 2025
28 Nov, 2025124₹403600/50400₹164 (32.26%)480028 Nov, 2025
27 Nov, 20250₹0-₹18 (0.00%)-27 Nov, 2025

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Aequs IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find Aequs IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.