The Aequs IPO is one of the most anticipated public issues in the precision component manufacturing and aerospace sector. Backed by its vertically integrated precision manufacturing capabilities, strong global clients, and deep presence across aerospace, consumer electronics, and consumer durables, Aequs Limited is preparing to enter the Indian securities market with a major public offering.
Operating as a precision component manufacturer serving leading original equipment manufacturers (OEMs) and system integrators, the company plays a critical role in engine systems, landing systems, and aerostructures manufacturing India private limited programs. With a mix of fresh issue and offer for sale, this IPO will support capital expenditure, funding inorganic growth, and strategic initiatives.
Aequs IPO listing date & Timeline
| Event | Date |
|---|---|
| IPO Open Date | Wed, Dec 3, 2025 |
| IPO Close Date | Fri, Dec 5, 2025 |
| Tentative Allotment | Mon, Dec 8, 2025 |
| Initiation of Refunds | Tue, Dec 9, 2025 |
| Credit of Shares to Demat | Tue, Dec 9, 2025 |
| Tentative Listing Date | Wed, Dec 10, 2025 |
| Cut-off for UPI Mandate | 5 PM on Fri, Dec 5, 2025 |
Aequs IPO Details
| Detail | Information |
|---|---|
| IPO Date | December 3, 2025 to December 5, 2025 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹118 to ₹124 per share |
| Lot Size | 120 Shares |
| Issue Type | Book-building IPO |
| Sale Type | Fresh Issue + Offer for Sale |
| Fresh Issue | 5,40,32,258 shares (₹670.00 Cr) |
| Offer for Sale | 2,03,07,393 shares (₹251.81 Cr) |
| Total Issue Size | 7,43,39,651 shares (₹921.81 Cr) |
| Employee Discount | ₹11.00 |
| Listing At | BSE, NSE |
| Shareholding (Pre-Issue) | 61,66,17,677 shares |
| Shareholding (Post-Issue) | 67,06,49,935 shares |
These Aequs IPO details are crucial for retail investors, mutual funds, and foreign institutional participants evaluating the business and valuation.
Company Overview: Aequs Limited
Aequs Limited is a vertically integrated precision manufacturing company catering to the aerospace segment and consumer segments. The company designs and manufactures engine systems, landing systems, aerostructures, and advanced components for global aerospace customers and consumer electronics brands.
Key Highlights:
Leading precision component manufacturer in the aerospace sector
Serves major aerospace customers, OEMs, and contract manufacturers
Comprehensive precision product portfolio across aerospace & consumer durables
Strong strategic proximity to customers due to a single special economic zone
Promoter group includes Melligeri Private Family Foundation
Operates with vertically integrated manufacturing capabilities
Exposure to global clients leading to foreign exchange fluctuations risk
The company operates at the core of manufacturing and assembly programs that demand high-quality, defect-free components for mission-critical applications.
Manufacturing Facilities & Capabilities
Aequs operates as a fully vertically integrated precision manufacturer, enabling:
Aerospace-grade engine systems & landing systems manufacturing
Aerostructures manufacturing India private limited programs
In-house tooling, fabrication, assembly, and finishing
Strong reliance on manufacturing and assembly programs for system integrators
Strategic advantage over other contract manufacturers
This integrated structure enhances cost efficiency, quality assurance, and supply chain reliability for global aerospace clients and consumer electronics companies.
Industry Overview
The aerospace segment and precision manufacturing industry is driven by:
Rising aircraft production globally
Increased outsourcing by aerospace OEMs
Growth in consumer electronics and consumer durables
Shift towards high-precision contract manufacturing
Expansion of India's role in the global precision component ecosystem
However, the industry is sensitive to:
Geopolitical risks
Foreign exchange fluctuations
Cyclicality in aerospace customers and consumer segments
Capital Expenditure & Strategic Initiatives
The net proceeds from the Aequs IPO fresh issue will be used for:
Funding capital expenditure
Funding inorganic growth through unidentified acquisitions
Repayment and/or prepayment of certain outstanding borrowings
Other strategic initiatives
General corporate purposes
This includes addressing:
Outstanding borrowings and prepayment penalties
Planned inorganic growth through unidentified acquisitions
Strengthening long-term manufacturing leadership
Financial Performance of Aequs Limited
(₹ in Crores – Restated Consolidated)
| Metric | 30 Sep 2025 | 31 Mar 2025 | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|---|
| Assets | 2,134.35 | 1,859.84 | 1,863.50 | 1,822.98 | 1,321.69 |
| Total Income | 565.55 | 959.21 | 475.51 | 988.30 | 840.54 |
| Profit After Tax | -16.98 | -102.35 | -71.70 | -14.24 | -109.50 |
| EBITDA | 84.11 | 107.97 | 57.82 | 145.51 | 63.06 |
| Net Worth | 796.04 | 707.53 | 731.65 | 807.17 | 251.91 |
| Reserves & Surplus | 200.43 | 135.09 | -90.83 | -15.31 | -146.15 |
| Total Borrowings | 533.51 | 437.06 | 384.79 | 291.88 | 346.14 |
Financials indicate revenue decline and continued losses, highlighting market risks, debt exposure, and execution challenges that retail investors must evaluate carefully.
Aequs IPO Allotment Details & Allotment Status
Retail investors can check Aequs IPO allotment status after basis of allotment is finalized via:
Registrar’s official website
BSE IPO allotment page
Updates via demat account and bank account SMS
Search using:
PAN number
Application number
DP Client ID
Aequs IPO Listing & IPO Listing Date
The Aequs IPO listing date is tentatively Wednesday, December 10, 2025, on both NSE and BSE.
Given:
High exposure to aerospace customers
Strategic manufacturing positioning
Strong institutional interest via IIFL Capital Services
The IPO is expected to witness strong participation from:
Retail investors
Mutual funds
Long-term manufacturing-focused institutional funds
Conclusion
The Aequs IPO offers investors exposure to a rare vertically integrated precision manufacturing business with leadership in the aerospace and consumer electronics segments. With strong relationships with global OEMs and aerospace customers, the company operates in a high-entry-barrier industry.
However, challenges remain in the form of:
Outstanding borrowings
Continued net losses
Foreign exchange and geopolitical risks
For investors seeking long-term exposure to India’s precision manufacturing and aerospace supply chain, the Aequs Limited IPO offers a high-growth but higher-risk opportunity — making valuation, debt levels, and execution capability critical decision factors
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