Aequs is a vertically integrated precision component manufacturer with operations across the aerospace and consumer segments. It operates through three engineering-led, vertically integrated manufacturing ecosystems that enable the production of complex components for global OEMs. Leveraging advanced manufacturing capabilities, the company expands into new business areas while optimizing existing strengths. Its product portfolio includes components for engine systems, landing systems, cargo and interiors, structures and assemblies for aerospace clients, and consumer electronics, plastics and durables for consumer markets.
Price Band₹118 - ₹124 |
Dates03 Dec - 05 Dec |
GMP₹41 (33.06%) |
Subscriptions11.10 times |
Issue Size₹921.81 Crs |
Price Band₹118 - ₹124 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹670.00 Cr (5.40 Cr Shares) |
Offer For Sale₹251.81 Cr (2.03 Cr Shares) |
Total Issue₹921.81 Cr (7.43 Cr Shares) |
Face Value₹10 per equity share |
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
120
14,880
Maximum
13
1,560
1,93,440
|
|||
| Small HNI |
Minimum
14
1,680
2,08,320
Maximum
67
8,040
9,96,960
|
|||
| Big HNI |
Minimum
68
8,160
10,11,840
|
|||
Updated as on 04-Dec-2025 17:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 0.73 | 2,26,10,608 | 1,65,90,240 |
| NII | 16.81 | 1,15,37,634 | 19,39,93,920 |
| bNII (bids above ₹10L) | 13.63 | 76,91,756 | 10,48,55,400 |
| sNII (bids between ₹2L to ₹10L) | 23.18 | 38,45,878 | 8,91,38,520 |
| Retail | 32.92 | 76,91,756 | 25,31,93,880 |
| Employee | 15.18 | 1,86,915 | 28,38,000 |
| Total | 11.10 | 4,20,26,913 | 46,66,16,040 |
The estimated Grey Market Premium of Aequs IPO is ₹41 per share (33.06%)
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 10% of Net Offer |
| Employee | Rs. 2 Cr |
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 537.16 | 924.61 | 965.07 | 812.13 |
| PAT | -16.98 | -102.35 | -14.24 | -109.50 |
| Net Worth | 796.04 | 707.53 | 807.17 | 251.91 |
| Borrowings | 533.51 | 437.06 | 291.88 | 346.14 |
| Assets | 2,134.35 | 1,859.84 | 1,822.98 | 1,321.69 |
| NAV(₹) | 13.60 | 12.47 | 14.82 | 6.21 |
| EPS(₹) | -0.30 | -1.80 | -0.20 | -2.44 |
The financial information presented is on a consolidated basis.
| KPI | VALUES |
|---|---|
| EBITDA | 11.68% |
| PAT | -11.07% |
| ROE | -14.30% |
| ROCE | 0.87% |
| Net Debt to Equity | 0.99 |
| PE Ratio | NA |
| PB Ratio | 9.94 |
| Mkt Cap (in Crs.) | 14,346.06 |
| Particulars | Aequs | Azad | Unimech | Amber | Kaynes | Dixon | PTC |
|---|---|---|---|---|---|---|---|
| Revenue | 924.61 | 457.35 | 242.93 | 9,973.02 | 2,721.25 | 38,860.10 | 308.07 |
| PAT | -102.35 | 86.53 | 83.46 | 251.15 | 293.43 | 1,232.58 | 61.02 |
| EPS | -1.80 | 14.66 | 17.59 | 72.01 | 45.82 | 205.70 | 41.37 |
| NAV(₹) | 12.47 | 234.06 | 141.01 | 672.61 | 439.85 | 494.74 | 940.03 |
| RONW | -14.47% | 6.21% | 12.48% | 10.99% | 10.33% | 47.50% | 4.40% |
| EBITDA | 11.68% | 35.27% | 37.90% | 7.98% | 15.09% | 3.93% | 35.51% |
| PAT | -11.07% | 18.92% | 34.35% | 2.52% | 10.78% | 3.17% | 19.81% |
| PE Ratio | 0.00 | 115.48 | 55.73 | 100.40 | 129.59 | 73.87 | 417.03 |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of November 21, 2025 for Peers
| Particulars | Aequs |
|---|---|
| Revenue | 924.61 |
| PAT | -102.35 |
| EPS | -1.80 |
| NAV(₹) | 12.47 |
| RONW | -14.47% |
| EBITDA | 11.68% |
| PAT | -11.07% |
| PE Ratio | 0.00 |
| Azad | Unimech | Amber | Kaynes | Dixon | PTC |
|---|---|---|---|---|---|
| 457.35 | 242.93 | 9,973.02 | 2,721.25 | 38,860.10 | 308.07 |
| 86.53 | 83.46 | 251.15 | 293.43 | 1,232.58 | 61.02 |
| 14.66 | 17.59 | 72.01 | 45.82 | 205.70 | 41.37 |
| 234.06 | 141.01 | 672.61 | 439.85 | 494.74 | 940.03 |
| 6.21% | 12.48% | 10.99% | 10.33% | 47.50% | 4.40% |
| 35.27% | 37.90% | 7.98% | 15.09% | 3.93% | 35.51% |
| 18.92% | 34.35% | 2.52% | 10.78% | 3.17% | 19.81% |
| 115.48 | 55.73 | 100.40 | 129.59 | 73.87 | 417.03 |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of November 21, 2025 for Peers
| Name | Shareholding |
|---|---|
| Aequs Mfg | 47.16% |
| Melligeri Family | 16.50% |
| Others | 0.82% |
| Total | 64.48% |
| Name | Designation |
|---|---|
| Aravind Melligeri | Chairman & CEO |
| Rajeev Kaul | MD |
| Dinesh Iyer | CFO |
Name: Aequs Limited
Address: Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post, Bengaluru 560 048, Karnataka, India
Number: 96 3205 8521
Email: investor.relations@aequs.com
Website: www.aequs.com
Find answers to common questions that come in your mind related to IPO.
Aequs IPO is a Mainboard IPO having an issue size of Rs. ₹921.81 Crs. Aequs IPO is priced at ₹118 - ₹124 per share. The issue opens on 03 Dec 25 and closes on 05 Dec 25.
Aequs IPO opens on 03 Dec 25 and closes on 05 Dec 25.
The estimated Grey Market Premium of Aequs IPO is ₹41 per share (33.06%).
The minimum lot size of Aequs IPO is 120 shares & the minimum application amount is Rs. 14880.
The allotment date of Aequs IPO is 08 Dec 25.
The listing date of Aequs IPO is 10 Dec 25.
Aequs IPO is subscribed 11.10 times.
Aequs IPO is priced at ₹118 - ₹124 per share.
Click the allotment link on Aequs IPO page of IPO360.