Aequs Limited – IPO
Aequs Limited – IPO Details
| IPO Date | December 3, 2025 to December 5, 2025 |
| Listing Date | December 10, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 118 to ₹ 124 / Share |
| Lot Size | 120 Shares |
| Total Issue Size | 7,43,39,651 shares (Aggregating up to ₹921.81 Cr) |
| Fresh Issue | 5,40,32,258 shares (Aggregating up to ₹670.00 Cr) |
| Offer for Sale | 2,03,07,393 shares of ₹10 (Aggregating up to ₹251.81 Cr) |
| Employee Discount | ₹11.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 61,66,17,677 shares |
| Share holding post issue | 67,06,49,935 shares |
| Market Maker portion |
Aequs Limited Timeline (Tentative Schedule)
Aequs Limited IPO opens on December 3, 2025, and closes on December 5, 2025.
| IPO Open Date | December 3, 2025 |
| IPO Close Date | December 5, 2025 |
| Basis of Allotment | December 8, 2025 |
| Initiation of Refunds | December 9, 2025 |
| Credit of Shares to Demat | December 9, 2025 |
| Listing Date | December 10, 2025 |
| Cut-off time for UPI mandate confirmation | December 5, 2025 |
Aequs Limited IPO 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 Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | Rs.14,880 |
| Retail (Max) | 13 | 1,560 | Rs.193,440 |
| S-HNI (Min) | 14 | 1,680 | Rs.208,320 |
| S-HNI (Max) | 67 | 8,040 | Rs.996,960 |
| B-HNI (Min) | 68 | 8,160 | Rs.1,011,840 |
| HNI (Min) |
Aequs Limited IPO Promoter Holding
| Share Holding Pre Issue | 64.48% |
| Share Holding Post Issue |
Aequs Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not less than 75% |
|
| NII (HNI) Shares Offered | Not more than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not more than 10% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Aequs Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Aequs Limited
Incorporated in 2000, Aequs Ltd. is engaged in manufacturing and operating a special economic zone in India to offer fully vertically integrated manufacturing capabilities in the Aerospace Segment.
The company's diverse product portfolio includes components for engine systems, landing systems, cargo and interiors, structures, assemblies and turning for the aerospace clients.
The company primarily operate in the Aerospace Segment, over the years, they have expanded their product portfolio to include consumer electronics, plastics, and consumer durables for their consumer clients.
As of September 30, 2025, the company produced over 5,000 products within the Aerospace Segment under a variety of manufacturing and assembly programs established with their aerospace customers, including programs for single aisle (such as A220, A320, B737) and long range (A330, A350, B777, B787) commercial aircrafts.
Product Portfolio:
- Structures: Bracket, corner fitting, cable quadrant, triangular bracket, wing flap support, coupling, gearbox bracket, floorboard, latch assembly, bracket structure
- Interiors and 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, radarbox
As of September 30, 2025, the company had 1,892 full-time employees, 1,834 employees on a contractual basis, 55 trainees, 432 apprentices and 325 fixed term employees.
Competitive Strengths:
- Advanced and vertically integrated precision manufacturing capabilities
- Operations in unique, engineering-led vertically-integrated precision manufacturing ecosystems
- Manufacturing presence across three continents with strategic proximity to end customers
- Comprehensive precision product portfolio across high value segments
- Long-standing relationships with high entry barrier global customers
- Founder-led business supported by an experienced management team and a qualified employee base
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | -14.30 |
| ROCE | 0.87 |
| Debt/Equity | 0.99 |
| RoNW | -14.47 |
| P/BV | 9.94 |
| PAT Margin (%) | -11.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -1.66 | -0.51 |
| P/E (x) | -74.71 | -244.92 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, which is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025, which is available in RHP.
Objects of the Issue (Aequs Limited IPO Objectives)
Aequs Limited Contact Details
Aequs Ltd. Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post Bengaluru, Karnataka, 560048 Phone: 91 96 3205 8521 Email: [email protected] Website: https://www.aequs.com/ |
Aequs Limited IPO Registrar
Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: [email protected] Website: https://ipostatus.kfintech.com/ |