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Allotment

Aequs Limited

Aequs IPO is a book-built issue with an open date of December 3, 2025, and a closing date of December 5, 2025. The company aims to raise approximately ₹921.81 crore through the IPO, comprising a fresh issue of ₹670 crore and an offer for sale of up to 2,03,07,393 equity shares with a face value of ₹10 each.

The price band for the IPO is ₹118 to ₹124 per share. The allocation is structured as 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The allotment date is December 8, 2025, and the shares are proposed to be listed on BSE and NSE on December 10, 2025.

Financial Highlights

Revenue: ₹959.21 crore in FY2025, slightly down from ₹988.30 crore in FY2024

Profit/Loss: Loss of ₹102.35 crore in FY2025, compared with a loss of ₹14.24 crore in FY2024

Based on the financial performance, Aequs IPO is recommended for long-term investors.

Aequs Limited IPO & Charts
₹124

0%

Open

₹124

HIgh - Low

₹124

Previous Close

₹124

Total Traded Value

0

52 Weeks High

₹124

52 Weeks Low

₹124

Updates On

Nov 25, 2025

IPO. Open

Dec 3, 2026

IPO. Close

Dec 5, 2026

IPO. Price

₹124.00

IPO Market price

₹8,316.06 Cr

IPO Details

IPO Date 10 Dec
IPO Listing Date 10 Dec
IPO Face Value ₹10 per share
IPO Price Range ₹124.00
IPO Issue Size 7,43,55,351 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing BSE, NSE Platform
hare Holding Pre Issue 61,66,17,677 shares

IPO Timeline

IPO Open Date 3 Dec
IPO Close Date 5 Dec
IPO Allotment (Tentative) 8 Dec
Refunds 9 Dec
Credit to Demat Account 9 Dec
IPO Listing Date 10 Dec

IPO Reservation

Category Offer
QIB Shares Offered 5,56,33,772
NII (HNI) Shares Offered 1,11,26,753
Retail Shares Offered 74,17,835

IPO Lot Size

Investors can bid for a minimum of 120 shares, and in multiples of 120 shares thereafter.

Application Lots Share 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
About Company

Incorporated in 2000, Aequs Ltd. is engaged in manufacturing and operating a special economic zone in India, offering fully vertically integrated manufacturing capabilities in the Aerospace segment.

The company’s product portfolio includes components for engine systems, landing systems, cargo and interiors, structures, assemblies, and turning, catering primarily to aerospace clients. Over the years, Aequs has also expanded into consumer electronics, plastics, and consumer durables for its consumer clients.

As of September 30, 2025, the company produced over 5,000 products under various manufacturing and assembly programs for aerospace customers, including single-aisle aircraft (A220, A320, B737) and long-range aircraft (A330, A350, B777, B787).

Product Portfolio :

-Structures: Bracket, corner fitting, cable quadrant, triangular bracket, wing flap support, coupling, gearbox bracket, floorboard, latch assembly, bracket structure

-Interiors & Cargo: Power distribution unit tray, side panel, pawls, base, pan-seat, beam-back support, panel-side top, seat stay, outer pawl, housing left, bracket offset

-Landing 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, radar box

As of September 30, 2025, Aequs employed:

* 1,892 full-time employees

* 1,834 contractual employees

* 55 trainees

* 432 apprentices

* 325 fixed-term employees

Competitive Strengths :

Advanced and vertically integrated precision manufacturing capabilities

Operations in unique, engineering-led manufacturing ecosystems

Manufacturing presence across three continents, strategically located near end customers

Comprehensive precision product portfolio across high-value aerospace segments

Long-standing relationships with high-entry-barrier global customers

Founder-led business supported by an experienced management team and highly qualified workforce

Aequs Ltd. reported a 3% decrease in revenue and a 619% decline in profit after tax (PAT) for the financial year ended March 31, 2025, compared to the previous year ended March 31, 2024.

Company Financials (Consolidated)

Assets 2,134.35 1,859.84 1,863.50
Total Income 565.55 959.21 475.51
Profit After Tax -16.98 -102.35 -71.7
EBITDA 84.11 107.97 57.82
NET Worth 796.04 707.53 731.65
Reserves and Surplus 200.43 135.09 -90.83
Total Borrowing 533.51 437.06 384.79

Key Performance Indicator (KPI)

ROE -14.3
ROCE 0.87
Debt/Equity 0.99
RoNW -14.47
PAT Margin -11.07%
EBITDA Margin 11.68%
Price to Book Value 9.94
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries 64
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 125.21
4 Offer for Sale (OFS) -

Contact Details

Aequs Ltd.
No 437/A, Hattargi Village
Hukkeri Taluk,
Belagavi
Bengaluru, Karnataka, 591243
Phone: +91 831 2499000
Email: investor.relations@aequs.com
Website: https://www.aequs.com/

Detail Registrar

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: aequs.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

FAQ

Aequs IPO was a book-built issue open from December 3 to December 5, 2025, raising up to ₹921.81 crore, including fresh issuance and an offer for sale of shares.

The IPO price band was ₹118–₹124 per share. Retail investors could apply for a minimum lot of 120 shares, requiring an investment of ₹14,880 at the upper price band.

Aequs shares are listed on both BSE and NSE. The IPO was allotted on December 8, 2025, and listed on the stock exchanges on December 10, 2025.

Proceeds will fund repayment of borrowings, capital expenditure for machinery, investment in subsidiaries, strategic acquisitions, and general corporate purposes, supporting Aequs’ growth and operational expansion.

In FY2025, Aequs reported revenue of ₹959.21 crore and a loss of ₹102.35 crore. The company has strong manufacturing capabilities and strategic operations in aerospace and consumer segments.

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