Aequs Limited IPO

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.

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Price Band

₹118 - ₹124

Dates

03 Dec - 05 Dec

GMP

₹41 (33.06%)

Subscriptions

11.10 times

Issue Size

₹921.81 Crs

Aequs IPO Key Dates
Opening Date

03 Dec 25

Closing Date

05 Dec 25

Basis Of Allotment

08 Dec 25

Initiations Of Refund

09 Dec 25

Credit Of Shares

09 Dec 25

Listing Date

10 Dec 25

Aequs IPO Objects

  1. Repayment of the Company’s borrowings and those of subsidiaries through investment
  2. Funding capital expenditure to be incurred on account of purchase of machinery and equipment
  3. Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes

Aequs IPO Details
Price Band

₹118 - ₹124

Listing At

NSE & BSE

IPO Issue Type

100% 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

Aequs IPO Lot Information
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
Aequs IPO Subscription

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
Aequs IPO GMP

The estimated Grey Market Premium of Aequs IPO is ₹41 per share (33.06%)

Category Allocation
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
Aequs IPO Financials

(Rs. in crores)

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.

Key Performance Indicators
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
  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.
Aequs IPO Peer Comparision

(Rs. in crores)

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

Aequs IPO Peer Comparision

(Rs. in crores)

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

Promoter Details
Name Shareholding
Aequs Mfg 47.16%
Melligeri Family 16.50%
Others 0.82%
Total 64.48%
Management Details
Name Designation
Aravind Melligeri Chairman & CEO
Rajeev Kaul MD
Dinesh Iyer CFO
Company Details

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

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Frequently Asked questions?

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.

  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app

  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Aequs IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date