Aequs IPO

Aequs IPO is a book-built issue worth Rs 921.81 crores, comprising a fresh issue of Rs 670.00 crores and an Offer for Sale of Rs 251.81 crores. The IPO opens for subscription on December 3, 2025, and closes on December 5, 2025, with allotment expected on December 8, 2025, and listing on BSE and NSE scheduled for December 10, 2025. The price band is fixed between Rs 118 and Rs 124 per share. The lot size is 120 shares, requiring a minimum retail investment of Rs 14,880. JM Financial Ltd. is the book-running lead manager, and Kfin Technologies Ltd. is the registrar.

Aequs IPO Details

Check out the issue details for Aequs IPO as disclosed in SEBI.

Price Band

₹ 118 - 124

Issue Size

921.81 Cr.

Issue Type

Book Built

Open

2025-12-03

Close

2025-12-05

Listing Date

2025-12-10

Aequs News

Aequs coming with IPO to raise upto Rs 956 crore29 Nov 2025, 4:11PM Aequs gets SEBI’s nod to float IPO 23 Sep 2025, 2:48PM Aequs pre-files IPO papers via confidential filing route3 Jun 2025, 2:45PM

Company Financials

You can get the following financial statements of Aequs as of now.

Company Name

Aequs

Exchange

NSE: AEQUS

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Aequs IPO Details

The details about the Aequs IPO are as follows:

  • The issue size of the IPO is Rs 921.81 Cr.
  • The price band for Aequs IPO is Rs 118 to Rs 124.
  • The shares of Aequs IPO will list on BSE and NSE.
  • The latest tentative GMP of Aequs IPO is Rs 43.
  • The shares of Aequs IPO are subscribed 104.30 Times.

 

Aequs IPO Valuation

The approximate valuation of Aequs IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 124
Existing Shares (Qty) 61.66 Cr
Fresh Issue Rs 670 Cr
Market Cap Rs 8315.84 Cr
EPS (FY25) Rs -1.8
Industry PE 148.69x

 

Aequs IPO Issue Size

Aequs IPO issue size is Rs 921.81 Cr.

Issue Amount
Fresh Issue Rs 670 Cr
Offer For Sale Rs 251.81 Cr

 

Aequs IPO Market Lot

An individual can apply for a minimum of 1 lot of 120 shares and a maximum of 13 lots (1,560 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 120 Rs 14,880
Retail Maximum 13 1,560 Rs 1,93,440

 

Aequs IPO Share Offer

The shares of Aequs IPO are subscribed 104.30 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not less than 75%
Non-Institutional Not more than 15%
Retail Individual Not more than 10%

 

Aequs IPO GMP (Grey Market Premium)

As on GMP (Tentative)
1 December 2025 Rs 40
3 December 2025 Rs 47
4 December 2025 Rs 46
5 December 2025 Rs 43

Aequs IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Aequs IPO Dates

Find below the dates for Aequs IPO

Schedule Date
Basis of Allotment 8 Dec 2025
Refunds 9 Dec 2025
Credit to Demat Account 9 Dec 2025
IPO Listing Date 10 Dec 2025

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 38.5 51.7 69.7 74.24 92.24
Total Expenditure 49.6 51.2 67.7 65.09 83.21
Operating Profit -11.1 0.5 2 9.16 9.03
Other Income 9.5 6.9 16.9 29.06 19.57
Interest 6.6 5.9 8.7 7.65 6.45
Depreciation 13 11.9 11.5 11.05 10.21
Exceptional Items -132.6 -163.2 -42.3 -149.55 -82.49
Profit Before Tax -153.8 -173.6 -43.6 -130.04 -70.55
Provision for Tax -4.7 4.7 0 0.27 3.53
Net Profit -149.1 -178.3 -43.6 -130.31 -74.08
Adjusted EPS (Rs.) -0.56 -0.45 -0.1 -0.31 -0.13

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 268.2 395.96 424.76 831.88 581.83
Total Reserves 107.4 99.5 113.8 147.29 327.71
Borrowings 4.8 2.7 58.5 0 0
Other N/C liabilities 12.9 12.34 26.24 65.77 59.27
Current liabilities 39.4 80.1 82.2 63.61 70.98
Total Liabilities 432.7 590.6 705.5 1108.54 1039.79
Assets
Net Block 21.6 17.1 57.4 48.55 40.47
Capital WIP 0 0 0 0 0
Intangible WIP 0.1 0.05 0 0.04 0
Investments 277.6 430.6 586.5 780.87 851.95
Loans & Advances 3.6 4.4 5.2 6.17 6.81
Other N/C Assets 41.7 36.2 0.5 0.59 0.66
Current Assets 88.1 102.25 55.9 272.32 139.9
Total Assets 432.7 590.6 705.5 1108.54 1039.79
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations -153.8 -173.6 -43.6 -130.04 -70.55
Adjustment 143.5 172.85 40.5 138.97 79.19
Changes in Assets & Liabilities 14.8 18.1 18.2 -14.67 -7.62
Tax Paid 0.8 -0.5 -0.9 -1.18 -0.75
Operating Cash Flow 5.3 16.85 14.2 -6.93 0.27
Investing Cash Flow -75.7 -172.2 -169.4 -450.52 -6.19
Financing Cash Flow 110.6 149.5 124.4 482.63 -7.55
Net Cash Flow 40.2 -5.85 -30.8 25.18 -13.47

Aequs IPO: Date, Price Band, & Company Details

Aequs Limited, one of India's largest vertically integrated manufacturers of precision components, is launching its Initial Public Offering (IPO) on December 3, 2025. The public issue, which closes on December 5, 2025, aims to raise Rs 921.81 crore through a combination of a fresh issue of shares and an Offer for Sale (OFS).

About Aequs Limited

Aequs is a leading player in the precision component manufacturing sector, with a strong focus on the aerospace industry. The company operates a unique, fully integrated manufacturing ecosystem within a single Special Economic Zone (SEZ) in Belagavi, Karnataka. It has also expanded into consumer electronics, durables, and plastics manufacturing through its ecosystems in Hubballi and Koppal.

Key Business Highlights

  • Vertically Integrated Model: The company's key strength lies in its vertically integrated manufacturing capabilities, which allow it to control the entire production process from start to finish, ensuring quality and efficiency.

  • Aerospace Specialisation: Aequs is a critical supplier to the global aerospace industry, providing precision-machined parts and assemblies to major international clients.

  • Diversified Operations: While aerospace remains its core, the company has successfully diversified into high-growth sectors like consumer electronics and toys, leveraging its manufacturing expertise to serve a broader market.

  • Financial Performance: The company is coming to the market on the back of a capex-heavy roadmap, indicating plans for aggressive scaling and expansion.

Aequs IPO Details (2025)

  • IPO Open Date: December 3, 2025

  • IPO Close Date: December 5, 2025

  • Listing Date: December 10, 2025 (Tentative)

  • Price Band: Rs 118 – Rs 124 per share

  • Issue Size: Rs 921.81 crore

  • Fresh Issue: Rs 670 crore

  • Offer for Sale (OFS): Rs 251.81 crore

  • Lot Size: 120 Shares

  • Minimum Investment (Retail): Rs 14,880 at the upper price band

  • Face Value: Rs 10 per share

IPO Structure & Utilisation

  • Offer for Sale: The OFS component will allow existing shareholders to divest a portion of their holdings.

  • Use of Proceeds: The capital raised from the fresh issue will be strategically utilised to strengthen the company's financial position and fund its expansion:

    • Debt Repayment: A significant portion of the proceeds (Rs 433.16 crore) will be used for the repayment of borrowings, which will improve the company's leverage.

    • Capital Expenditure: Rs 64 crore is earmarked for the purchase of precision machinery to enhance manufacturing capabilities.

    • Inorganic Growth: The remaining funds will be used for general corporate purposes and potential acquisitions.

  • Reservation: The issue has a reservation of 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors.

Key Dates & Timeline

  • Anchor Investor Bidding: December 2, 2025

  • IPO Opening: December 3, 2025

  • IPO Closing: December 5, 2025

  • Basis of Allotment: December 8, 2025

  • Credit of Shares to Demat: December 9, 2025

  • Listing on BSE & NSE: December 10, 2025

Frequently Asked Questions (FAQs) about Aequs IPO

Q1: When is the Aequs IPO scheduled to open?
The IPO will be open for subscription from December 3 to December 5, 2025.

Q2: What is the issue size and price band for the IPO?
The total issue size is Rs 921.81 crore, with a price band of Rs 118 to Rs 124 per share.

Q3: What is the minimum investment for retail investors?
Retail investors need to apply for a minimum of one lot (120 shares), which amounts to Rs 14,880 at the upper price band of Rs 124.

Q4: How will the IPO proceeds be used?
The funds will be primarily used for debt repayment (Rs 433.16 crore), capital expenditure for new machinery (Rs 64 crore), and for inorganic growth and general corporate purposes.

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