Aequs Limited IPO IPO

Aequs Limited IPO IPO is listed on BSE and NSE, priced at ₹118–₹124 per share. The stock debuted at ₹140, delivering a listing gain of 12.9%. The IPO had a lot size of ₹120 shares and a minimum investment of ₹14,880.

Aequs Limited IPO

Mainboard Listed
₹14,880 (120 Shares)
Minimum Investment
Check Allotment
IPO Dates
Dec 3, 2025 – Dec 5, 2025
Price band
₹118-124 per equity share
Minimum Investment
₹14,880
Issue size
₹921.81 Cr
Lot size
120
Allotment Date
Dec 8, 2025
Listing
Dec 10, 2025
Listing At
BSE, NSE

IPO timeline

  1. Dec 3, 2025

    Open Date

    Completed

  2. Dec 5, 2025

    Close Date

    Completed

  3. Dec 8, 2025

    Allotment Date

    Completed

  4. Dec 10, 2025

    Listing Date

    Completed

Price Summary

Last closing
199.35 (60.77%)
52 week high
223.85
52 week low
113.30
Last update

Aequs Limited IPO IPO Subscription Details

View Subscription Details
QIB 122.93x
Retail 80.95x
NIIs 83.61x
bHNI 79.86x
sHNI 91.13x
Retail 80.95x
EMP 37.86x
Total 104.28x

Aequs Limited IPO IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.

Last updated:

Aequs Limited IPO IPO Essentials

Aequs Limited IPO IPO Details

Aequs Limited IPO IPO is priced at ₹118-124 per share with a total issue size of 921.81 crore. The IPO has a lot size of 120 shares and is listed on BSE and NSE.

Issue price
₹118-124 per equity share
Lot size
120 shares
Face value
₹10 Per Equity Share
Issue size
Total 921.81 Cr :
#Fresh Issue : 5,40,32,258 shares(aggregating up to ₹670.00 Cr) +
#OFS : 2,03,07,393 shares of ₹10(aggregating up to ₹251.81 Cr)
Total issue size
7,43,39,651 shares
(aggregating up to ₹921.81 crore)
Fresh issue
5,40,32,258 shares
(aggregating up to ₹670 crore)
Offer for sale (OFS)
2,03,07,393 shares
(aggregating up to ₹251.81 crore)
Listing at
BSE, NSE
List price
140.0(NSE)
Listing date
Registrar
Kfin Technologies Limited
Lead manager
JM Financial Ltd, IIFL Capital Services Ltd, Kotak Mahindra Capital Co.Ltd

Market Lot Size

Investors can bid for a minimum of 120 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 120 ₹14,880
Retail(max) 13 1,560 ₹1,93,440
sHNI(min) 14 1,680 ₹2,08,320
sHNI(max) 67 8,040 ₹9,96,960
sHNI(min) 68 8,160 ₹10,11,840

Aequs Limited IPO IPO Documents

Aequs Limited IPO IPO Reservation

Aequs Limited IPO IPO reservation details show category-wise allocation of shares. Out of the total 74339650 shares, approximately 29.92% are reserved for QIB, 14.96% for NII, 9.98% for retail investors, 1.76% for employees, and 44.9% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 33380262 (44.9%)
QIB Shares Offered 22241733 (29.92%)
NII (HNI) Shares Offered 11124399 (14.96%)
bHNI > ₹10L 7416266 (10%) 4414
sHNI < ₹10L 3708133 (5%) 2207
Retail Shares Offered 7416266 (9.98%) 61802
Employee Shares Offered 176991 (1.76%)
Total Shares Offered 74339650 (100%)

Aequs Limited IPO IPO Analytics

Aequs Limited IPO IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Aequs Limited IPO IPO Subscription Status

Aequs Limited IPO IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO is currently subscribed 104.28x, indicating strong demand across investor categories.

As on QIB
NII
bHNI
sHNI
Retail Total
Shares Offered / Reserved 2,22,41,733
1,11,24,399
74,16,266
37,08,133
74,16,266 4,09,59,389
Day 1 03-12-25 05:00 PM
0.68 x
3.54x
2.98x
4.65x
11.97 x 3.52 x
Day 2 04-12-25 05:00 PM
0.75 x
17.46x
14.14x
24.10x
34.24 x 11.42 x
Day 3 05-12-25 05:00 PM
122.93 x
83.61x
79.86x
91.13x
80.95 x 104.28 x
Total No. of Applications
bHNI sHNI Retail
4455166 (Approx) 15.9x 86.53x 67.17x

Aequs Limited IPO Valuations

Earnings

EPS Pre IPO
₹-1.66/-
EPS Post IPO
₹-0.51/-

Returns

ROE
-14.30%
RoNW
-14.47%
PAT Margin
-11.07%

Fundamentals

Debt / Equity
0.99
Price / Book
9.94
Market Cap
8316.06 Cr.

Data sourced from DRHP / RHP • For educational purposes only

Aequs Limited IPO Financials( In Crs.)

30-Sep-25 31-Mar-25 30-Sep-24 31-Mar-24 31-Mar-23
Assets 2134.35 1859.84 1863.50 1822.98 1321.69
Revenue 565.55 959.21 475.51 988.30 840.54
Profit After Tax -16.98 -102.35 -71.70 -14.24 -109.50
Net Worth 796.04 707.53 731.65 807.17 251.91
Reserves & Surplus 200.43 135.09 -90.83 -15.31 -146.15
Total Borrowing 533.51 437.06 384.79 291.88 346.14

Aequs Limited IPO Company & Offer Insights

About Aequs Limited IPO

Aequs is a diversified contract manufacturing company that facilitates large-scale and timely production of complex products, meeting the demanding needs of global Original Equipment Manufacturers (OEMs) in both the aerospace and consumer sectors. The company works within three specific, engineering-led vertically integrated precision manufacturing “ecosystems” in India that can offer “one-stop-shop” capabilities. This leads to various benefits: better quality management, cost and working capital efficiencies, reduced lead times, and lower global carbon emissions.

Aequs Limited IPO Promoter(s)

Aravind Shivaputrappa Melligeri, Aequs Manufacturing Investments Private Limited, Melligeri Private Family Foundation, The Melligeri Foundation are the company's promoters of Aequs Limited IPO.

Aequs Limited IPO IPO Issue Objectives

Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable,availed by the company
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable twoof our wholly-owned Subsidiaries, through investment in the below Subsidiaries
Funding capital expenditure to be incurred on account of purchase of machinery and equipment by the company
Funding capital expenditure to be incurred on account of purchase of machinery and equipment by one of our wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited through investment in such Subsidiary
Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes

Aequs Limited IPO IPO - Anchor Investors

Aequs raises Rs 414 cr from anchor investors ahead of IPO.
The anchor book had participation from domestic and global institutional investors including SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Axis MF, Motilal Oswal MF, BlackRock Global Funds, Steadview Capital, and Citigroup, among others.

Aequs Limited IPO IPO - Peers Comparison

P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Aequs N/A N/A (14.4)% 924
Azad Engineering N/A 115 6.2% 457
Unimech Aerospace N/A 55 12.4% 242
Amber Enterprises N/A 100 10.9% 9973
Kaynes Tech N/A 129 10.3% 2721
Dixon Tech N/A 73 47.5% 38860
Ptc Industries N/A 417 4.4% 308

Aequs Limited IPO IPO - Strengths and Risks

Aequs Limited IPO IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

Advanced & Vertically Integrated Manufacturing Capabilities: The company offers end-to-end aerospace manufacturing in one single SEZ, covering machining, forging, surface treatment, and assembly. With over 2.9 million annual machining/molding hours, 200+ CNC machines, and 161 molding machines, Aequs produces complex components at scale and with high precision.
Unique Engineering-Led Ecosystems: Aequs runs vertically integrated, specialized precision manufacturing ecosystems developed over two decades of collaboration with customers and suppliers. These ecosystems create high entry barriers for competitors and provide strong advantages in quality, cost efficiency, and timely delivery.
Long-Standing Global Customer Relationships: It maintains long-standing, direct relationships with the world's leading global OEMs like Airbus, Boeing, Safran, Collins Aerospace, Hasbro, and Tramontina. The top customer groups have an average 15-year association, accounting for a major share of revenue with stable demand and access to large end markets.

Risks

Contracts with OEM customers are requirement-based and, therefore do not provide firm quantities. Orders can, at any time, be reduced, amended, or cancelled. For instance, any decrease in the production requirements of such customers or cancellation of purchase orders could unfavorably impact our revenue, operations, and cash flows.
High Capital Expenditure Requirements: Continuous and large investment in equipment, machinery, and production lines is necessary to conduct the business. Any difficulty in accessing capital or inability to finance these upgrades may affect manufacturing capabilities and impact adversely on financial performance.
Risks relating to capacity utilization and disruption to operations: The company has several manufacturing clusters in India and overseas facilities, wherein production may not always be at existing levels of capacity utilization. Any operational slowdown or shutdown will have an adverse impact on results, financial condition, and cash flows.

Contact Information

Contact Details

Aequs Limited IPO

+91 96 3205 8521

investor.relations@aequs.com

https://www.aequs.com/

Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post Belagavi Bengaluru, Karnataka, 560048

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

aequs.ipo@kfintech.com

https://ipostatus.kfintech.com/

Frequently Asked Questions

Click any question to reveal the answer

Aequs Limited IPO IPO is a book-built IPO worth ₹921.81 crore. The price band is ₹118–₹124 per share. The IPO opens on Dec 3, 2025 and closes on Dec 5, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The price band of Aequs Limited IPO IPO is ₹118 to ₹124 per share.

The lot size of Aequs Limited IPO IPO is 120 shares.

The minimum investment for Aequs Limited IPO IPO is approximately ₹14,880 based on the upper price band .

Aequs Limited IPO IPO opens on Dec 3, 2025 and closes on Dec 5, 2025.

The allotment date of Aequs Limited IPO IPO is Dec 8, 2025.

Aequs Limited IPO IPO is expected to be listed on Dec 10, 2025, on BSE and NSE .

Aequs Limited IPO IPO listed on Dec 10, 2025. It was issued at ₹140.0(NSE) and is currently around ₹199.35 as on 17-Jun-2026 3:30 PM, which is approximately 60.8% versus issue price. The 52-week high is ₹223.85.

Based on listing and post-listing performance, Aequs Limited IPO IPO delivered around 60.8% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy Aequs Limited IPO IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

Aequs Limited IPO IPO valuation snapshot: P/E N/A, EPS ₹-0.51/-, P/B 9.94, RoNW -14.47%, and market cap 8316.06 Cr.

To apply for Aequs Limited IPO IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of Aequs Limited IPO IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for Aequs Limited IPO IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Aequs Limited IPO IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Aequs Limited IPO IPO allotment status on IPO Ji for quick and easy access.