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
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
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