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Aequs Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹124
Per Share
GMP
NIL
Grey Market
Est. Listing
₹124
Expected Price
Min. Application
₹29,760
2 lots × 120 shares
IPO Issue Details
Issue Price / Price Band₹124 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size120 Shares per Lot
Total Issue Size7,43,39,651 shares (aggregating up to ₹921.81 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 03 Dec 2025
Subscription CloseFri, 05 Dec 2025
Anchor AllotmentTue, 02 Dec 2025
Basis of AllotmentMon, 08 Dec 2025
Initiation of RefundsTue, 09 Dec 2025
Credit of Shares to DematTue, 09 Dec 2025
Listing DateWed, 10 Dec 2025
UPI Mandate Deadline2025-12-05
Application & Investment Details
Retail — Min (1 Lots)₹14,880 — 120 shares
Retail — Max (13 Lots)₹193,440 (13 Lots)
HNI — Min (68 Lots)₹10,11,840 — 8,160 shares
EPS (Pre-IPO)₹-1.66
EPS (Post-IPO)₹-0.51
P/E Ratio (Pre-IPO)-74.71x
P/E Ratio (Post-IPO)-244.92x
Pre-IPO Promoter Holding61,66,17,677 shares
Post-IPO Promoter Holding67,06,49,935 shares
Fresh Issue Shares5,40,32,258 shares (aggregating up to ₹670.00 Cr)
Offer for Sale Shares2,03,07,393 shares of ₹10 (aggregating up to ₹251.81 Cr)
About Aequs Ltd.

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

Objects of the Issue

Aequs Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable, availed by:
433.17
2
The Company
17.55
3
three of the wholly-owned Subsidiaries, through investment in the below Subsidiaries
415.62
4
AeroStructures Manufacturing India Private Limited
174.82
5
Aequs Consumer Products Private Limited
231.16
6
Aequs Engineered Plastics Private Limited
9.63
7
Funding capital expenditure to be incurred on account of purchase of machinery and equipment by:
64.00
8
Company
8.11
9
one of the wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited, through investment in such Subsidiary
55.89
10
Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 61,66,17,677 shares
Post-IPO Promoter Holding 67,06,49,935 shares
Check AllotmentCheck Status →
Aequs Ltd. — Live Price LIVE
₹124.00
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Issue ₹124.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹124
GMPNIL
Est. Listing₹124
Lot Size120 shares
Min Amount₹29,760
Listing Date10 Dec 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹124
Listing Date10 Dec 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 74,355,351 100.00% ₹922.01 Cr
* Based on ₹124.00 (upper price band)
Lot Size & Investment Details
Lot Size
120
Shares
Issue Price
₹124.00
Per Share
Min Investment
₹14,880
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 120 ₹14,880
Retail (Max) 13 1,560 ₹193,440
sNII (Min) 14 1,680 ₹208,320
bNII (Min) 68 8,160 ₹1,011,840
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Sep 202531 Mar 202530 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
Key Ratios & Valuation
Issue Price ₹124
Face Value ₹10 Per Share
P/BV 9.94
RoE -14.30
RoCE 0.87
RoNW -14.47
PAT Margin (%) -11.07%
EBITDA Margin (%) 11.68%
Debt / Equity 0.99
Company Details
Company
Aequs Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post Bengaluru, Karnataka, 560048
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