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Aequs IPO — Date, Price Band, GMP & Allotment 2025

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is an Indian manufacturing company focused on aerospace, defense, and industrial components. The company provides end-to-end solutions from design to assembly for global clients. Its IPO aims to raise funds for expansion, debt reduction, and strengthening its manufacturing facilities. Aequs has strong export presence and long-term partnerships with international customers. The IPO may attract investors looking for exposure in India’s growing aerospace and precision engineering sector.

Open 03 Dec 2025
Close 05 Dec 2025
Allotment 08 Dec 2025
Listing 09 Dec 2025

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IPO GMP

₹ 16 (13%)
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Stock Price

As the IPO is listed, here is the Live Share Price for Aequs

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IPO Summary

IPO Dates 3 to 5 Dec, 2025
Price Band ₹118 to 124 per share
Face Value ₹₹10
Lot Size 120 Shares
Issue Size ₹921.81 Cr
Employee Discount Included (discount)
Listing On BSE & NSE
Min Investment ₹ 14,880

What is the Aequs IPO Timetable?

Track the IPO schedule and key events.

Event Date Day
IPO Open Date 03 Dec, 2025 Wednesday
IPO Close Date 05 Dec, 2025 Friday
Basis of Allotment 08 Dec, 2025 Monday
Refunds Initiated 09 Dec, 2025 Tuesday
Credit to Demat 10 Dec, 2025 Wednesday
Listing Date 09 Dec, 2025 Tuesday

What is the Aequs IPO Lot Size?

Bidding in multiples of 120 shares.

Application Lots Shares Amount
Retail (Min) 1 120 ₹14,880
Retail (Max) 13 1560 ₹1,93,440
S-HNI (Min) 14 1680 ₹2,08,320
S-HNI (Max) 67 8040 ₹9,96,960
B-HNI (Min) 68 8160 ₹10,11,840

About Aequs

Aequs Limited is an India-based manufacturing company focused on precision engineering and integrated supply chain solutions for global industries. Founded in 2006, the company has built a strong presence in aerospace, consumer goods, and industrial sectors. It was promoted by Aravind Melligeri, who envisioned creating a globally competitive manufacturing ecosystem in India. Aequs established its flagship Special Economic Zone (SEZ) in Belagavi, Karnataka, which has become a key hub for aerospace manufacturing. Over the years, the company has developed strong relationships with leading global OEMs by consistently delivering high-quality components and services.

The company offers a wide range of products and services, including precision machining, forging, assembly, and integrated manufacturing solutions. Its business model is based on providing end-to-end capabilities, from design support to final product delivery, allowing clients to optimise costs and streamline operations. Aequs serves sectors such as aerospace, toys, and consumer durables, with a growing presence in international markets. By focusing on operational efficiency, long-term contracts, and strategic partnerships, the company aims to ensure stable revenue growth and strengthen its position as a reliable global manufacturing partner.

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Aequs Key Performance Indicators (KPIs)

Pe -74.71 to -244.92
Eps -1.66
Roce 0.87
Ronw -14.47
Pat margin -11.07

Objects of the Issue

Issue Object
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable, availed by:
Estimate Amount ₹433.17 Cr.
Issue Object
The Company
Estimate Amount ₹17.55 Cr.
Issue Object
three of the wholly-owned Subsidiaries, through investment in the below Subsidiaries
Estimate Amount ₹415.62 Cr.
Issue Object
AeroStructures Manufacturing India Private Limited
Estimate Amount ₹174.82 Cr.
Issue Object
Aequs Consumer Products Private Limited
Estimate Amount ₹231.16 Cr.
Issue Object
Aequs Engineered Plastics Private Limited
Estimate Amount ₹9.63 Cr.
Issue Object
Funding capital expenditure to be incurred on account of purchase of machinery and equipment by company & wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited, through investment in such Subsidiary
Estimate Amount ₹64.00 Cr.
Issue Object
Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes
Estimate Amount ₹125.21 Cr.

Company Financials

The Aequs company's financial performance (in ₹ Cr.) is summarized below:

Metric 30 sep 25 31 mar 25 30 sep 24
Revenue 565.55 959.21 475.51
EBITDA 84.11 107.97 57.82
Net Profit -16.98 -102.35 -71.70
Debt 533.51 437.06 384.79
Assets 2,134.35 1,859.84 1,863.50

See how this IPO compares — view listing performance of all mainboard IPOs.

Promoters and Shareholding Details

Aequs Ltd is promoted by Aequs Holdings Pte. Ltd., along with reputed private equity investors forming part of the promoter group. Post-IPO, promoter holding will dilute but management control remains with the promoter group.

Promoter holding details will be updated as soon as they are officially announced.

Frequently Asked Questions

What is the GMP of Aequs?

The current Grey Market Premium (GMP) of Aequs is ₹ 16.

What is the Aequs IPO Price Band?

The price band for Aequs IPO is ₹118 to ₹124.

When is the Aequs IPO Allotment?

The allotment date for Aequs IPO is December 8, 2025.

How to check Aequs IPO Allotment Status?

You can check the allotment status on the IPO Allotment Status page or on the registrar's website (KFin Technologies Limited).

Official Documents

Company Contact Details

Aequs

Belagavi, Karnataka, India.

91 96320 58521

https://www.aequs.com

Registrar

KFin Technologies Limited

+91 40 6716 2222

Website

Book Running Lead Manager

BRLM Name Role JM Financial Limited Lead Manager / Book Running Lead Manager (BRLM) IIFL Capital Services Limited Co-Lead Manager / BRLM Kotak Mahindra Capital Company Limited Co-Lead Manager / BRLM

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