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Aequs IPO Review

Aequs IPO has been reviewed by 17 analysts, and the overall consensus is Strong Apply — carrying a score of 100. Out of the 17 analysts who have covered this IPO, 17 recommend subscribing — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹₹118 to ₹124 per share per share, with a minimum application size of 120 shares. Subscription ran from 03 Dec 2025 to 05 Dec 2025. The issue size is ₹922 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Aequs IPO is quoting at ₹16 (13%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
100/ 100
Strong Apply 17 of 17 recommend subscribing
How analysts voted
Apply 17
Not rated 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Aequs manufactures precision components for aerospace and consumer durables, serving what the notes call a strong global customer base. Revenue was ₹959.21 crore in FY25 with EBITDA of ₹107.97 crore, but net losses persisted at about ₹109 crore. Seventeen of the nineteen analysts still said subscribe.

Listing gains

With the company loss-making, the notes value it on sales, at an EV to sales of about 8.8 times against industry peers near 12.5 times. That discount, plus a post-issue market cap around ₹8,316 crore, is what supported the positive ratings. One note recommended subscribing specifically for listing gains.

Short-term strategy

The half year to September 2025 showed clear improvement, with revenue of ₹565.55 crore and EBITDA of ₹84.11 crore against ₹107.97 crore for the whole of FY25. EBITDA grew at about 30.9 percent CAGR. But return ratios remain negative while some business segments continue to incur losses.

Long-term strategy

Nearly every note frames its subscribe call as long term only, resting on marquee global aerospace clients and a precision manufacturing base that takes years to qualify. The condition attached across the coverage is that the loss-making segments must turn, since the group result depends on them improving.

How this is written: an AI-assisted summary of the 19 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Aequs IPO?

The analyst consensus for Aequs IPO tracked on this page is Strong Apply, with a score of 100/100. Out of 17 analysts who have reviewed this IPO, 17 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 100 mean for Aequs IPO?

The score of 100 is an aggregate of all analyst ratings tracked for Aequs IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Aequs IPO?

Aequs IPO listed on December 9, 2025 at ₹140, against the issue price of ₹124 — a gain of +12.9% (₹16 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Aequs IPO?

Aequs IPO was priced at ₹₹118 to ₹124 per share per share. The minimum lot size is 120 shares. Subscription ran from 03 Dec 2025 to 05 Dec 2025.

Explore Aequs IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Aequs IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
100 / 100
Listed at
₹140
Full IPO details