Aequs IPO
Aequs IPO — date, price band, GMP & allotment 2025
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.
Stock price
Aequs is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 03 Dec 2025
- Close 05 Dec 2025
- Allotment 08 Dec 2025
- Refund/credit 09 Dec 2025
- Listing 09 Dec 2025
Issue summary
The terms of the offer, as filed.
| 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 |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE & NSE |
| Employee Discount | Included (discount) |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,880 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 120 shares at the ₹124 cut-off. Drag to size your application.
| Application | 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 |
Three years of numbers
All figures in ₹ crore, as reported in the Aequs offer document.
| 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.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Aequs RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Aequs IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹-1.66 |
| Market Cap at Offer Price (₹ Cr) | ₹1,268.39 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹124 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹1,471.16 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
91 96320 58521
The bankers & the filings
Who is running the book, and the documents this page is built from.
Aequs IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
29 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Kotak Mahindra Capital Co.Ltd.
15 issues handledBest listing: Corona Remedies (+38.4%). Weakest: Amagi Media Labs (-12.2%).
IIFL Capital Services Limited
25 issues handledBest listing: Corona Remedies (+38.4%). Weakest: Purple Style Labs (-7.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Aequs?
The current Grey Market Premium is ₹16, or 13% over the issue price.
What is the Aequs IPO price band?
₹118 to ₹124, on a face value of ₹₹10.
When is the allotment?
The basis of allotment is 8 December 2025, with listing on 9 December 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
