Aequs Limited IPO

Aequs Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹118 - ₹124

Total Issue

₹921.81 Cr

Bid Dates

03 Dec - 05 Dec

Subscription

101.63x

Est. GMP

₹30 (24.19%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Aequs IPO
Category Lots Shares Amount
Retail (Min) 1 120 ₹14,880
Retail (Max) 13 1,560 ₹1,93,440
S-HNI (Min) 14 1,680 ₹2,08,320
S-HNI (Max) 67 8,040 ₹9,96,960
B-HNI (Min) 68 8,160 ₹10,11,840

Category Reservation

QIB 75%
NII 15%
Ret 10%
Employee
Rs. 2 Cr
Shareholder
₹0.00

Issue Size

Total ₹921.81 Cr
Fresh Issue
₹670.00 Cr (5.40 Cr Shares)
Offer For Sale
₹251.81 Cr (2.03 Cr Shares)

Objects of Issue

  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

Grey Market Premium

GMP ₹30
Est. Price ₹154
Est. Gain 24.19%

Aequs IPO Peer Comparison

(Rs. in crores)

Aequs IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Aequs IPO
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

KPIs

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.

Shareholding

Promoter

64.48%

Public

35.52%

Aequs Mfg 47.16%
Melligeri Family 16.50%
Others 0.82%

Management

Aravind Melligeri Chairman & CEO
Rajeev Kaul MD
Dinesh Iyer CFO

Registrar & Lead Managers

Subscription Status

Updated as on 05-Dec-2025 19:00:00

Mainboard Subscription Status for Aequs IPO
Category Sub (x) Offered Bids
QIB 122.86 2,22,53,509 2,73,41,34,360
NII 83.60 1,11,26,754 93,01,67,880
bHNI 79.84 74,17,836 59,22,48,480
sHNI 91.11 37,08,918 33,79,19,400
Retail 80.93 74,17,836 60,03,37,560
Employee 37.86 1,76,991 67,00,920
Total 104.24 4,09,75,090 4,27,13,40,720

Frequently Asked Questions

What is Aequs IPO?
Aequs IPO is a Mainboard IPO having an issue size of ₹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.
When will Aequs IPO open?
Aequs IPO opens on 03 Dec 25 and closes on 05 Dec 25.
What is the GMP of Aequs IPO?
The estimated Grey Market Premium of Aequs IPO is ₹30 per share (24.19%).
What is the lot size of Aequs IPO?
The minimum lot size of Aequs IPO is 120 shares & the minimum application amount is Rs. 14880.
When is the allotment of Aequs IPO?
The allotment date of Aequs IPO is 08 Dec 25.
What is the listing date of Aequs IPO?
The listing date of Aequs IPO is 10 Dec 25.
What is the subscription of Aequs IPO?
Aequs IPO is subscribed 101.63 times.
What is the price band of Aequs IPO?
Aequs IPO is priced at ₹118 - ₹124 per share.
How to check allotment status of Aequs IPO?
Click the allotment link on Aequs IPO page of IPO360.
How to apply Aequs IPO in Zerodha?
  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
How to apply Aequs IPO in Groww?
  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
How to apply Aequs IPO using ASBA?
  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