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 their product portfolio to include consumer electronics, plastics, and consumer durables for their consumer clients.As of September 30, 2025, the company produced over 5,000 products within the Aerospace Segment under a variety of manufacturing and assembly programs established with their aerospace customers, including programs for single aisle (such as A220, A320, B737) and long range (A330, A350, B777, B787) commercial aircrafts.Product Portfolio:Structures: Bracket, corner fitting, cable quadrant, triangular bracket, wing flap support, coupling, gearbox bracket, floorboard, latch assembly, bracket structureInteriors and cargo: Power distribution unit tray, side panel, pawls, base, pan-seat, beam-back support, panel-side top, seat stay, outer pawl, housing left, bracket offsetLanding systems: Main landing gear, main fitting, bracket assembly, front panel, front assembly uplock, rim, half wheel, main fitting assembly.Actuation Systems: Housing, manifold, mounting foot, mounting flange, actuator piston, housing, jack head, radarboxAs of September 30, 2025, the company had 1,892 full-time employees, 1,834 employees on a contractual basis, 55 trainees, 432 apprentices and 325 fixed term employees.Competitive Strengths:Advanced and vertically integrated precision manufacturing capabilitiesOperations in unique, engineering-led vertically-integrated precision manufacturing ecosystemsManufacturing presence across three continents with strategic proximity to end customersComprehensive precision product portfolio across high value segmentsLong-standing relationships with high entry barrier global customersFounder-led business supported by an experienced management team and a qualified employee base
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
QIB (Ex Anchor)
|
55,633,772 | ₹689.860 |
|
NII
|
11,126,753 | ₹137.970 |
|
Retail
|
7,417,835 | ₹91.980 |
|
Employees
|
176,991 | ₹2.190 |
| Total ** | 74,355,351 | ₹922.010 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 240 | ₹29,760 |
| Retail (Max — 13 Lots) | 13 | 1,560 | ₹193,440 |
| S-HNI (Min — 14 Lots) | 14 | 1,680 | ₹208,320 |
| S-HNI (Max — 66 Lots) | 66 | 7,920 | ₹982,080 |
| B-HNI (Min — 67 Lots) | 67 | 8,040 | ₹996,960 |
| Category | QIB | NII | Retail | Employees | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | ||||
| Allocation (No. of shares) | — | — | — | — | — | 11,126,753 | 7,417,835 | 176,991 | 18,721,579 |
| Allotment price (Rs.) | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 |
| No. of applications | — | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | 689.86 | — | 689.86 | — | — | 137.97 | 91.98 | 2.19 | 922.00 |
| No. of times subscribed | — | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 11,126,753 | 7,417,835 | 176,991 | 18,721,579 |
| Amount (Rs.cr.) | 689.86 | — | 689.86 | — | — | 137.97 | 91.98 | 2.19 | 232.15 |
| No. of allottees | — | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| QIB (Ex Anchor) | 55,633,772 | ₹689.86 |
74.82%
|
| NII / HNI | 11,126,753 | ₹137.97 |
14.96%
|
| Retail (RII) | 7,417,835 | ₹91.98 |
9.98%
|
| Employee | 176,991 | ₹2.19 |
0.24%
|
| Total | 74,355,351 | ₹922.01 |
100.00%
|
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 30 Sep 2024 |
|---|---|---|---|
| Revenue from Operations | 565.55 | 959.21 | 475.51 |
| EBITDA | 84.11 | 107.97 | 57.82 |
| Profit After Tax (PAT) | -16.98 | -102.35 | -71.70 |
| Net Worth | 796.04 | 707.53 | 731.65 |
| Total Assets | 2134.35 | 1859.84 | 1863.50 |
| Reserves & Surplus | 200.43 | 135.09 | -90.83 |
| Total Borrowings | 533.51 | 437.06 | 384.79 |
| EBITDA Margin (%) | 11.68% | — | — |
| PAT Margin (%) | -11.07% | — | — |
Aequs Ltd. proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: