Aequs IPO GMP, Price, Allotment, Profit Estimate 2025

Aequs IPO Description – Aequs is a leading precision component manufacturer in India, distinguished as the only player operating within a single Special Economic Zone (SEZ) offering fully vertically integrated manufacturing capabilities in the Aerospace Segment. With advanced capabilities spanning machining, forging, surface treatment, and assembly. Aerospace remains its primary revenue contributor, with programs supporting single-aisle aircraft (A220, A320, B737) and long-range aircraft (A330, A350, B777, B787). In total, over 4,500 aerospace products were produced across engine systems, landing systems, interiors, structures, and assemblies. The consumer Segment includes cookware, small home appliances, plastics (outdoor toys, figurines, toy vehicles), and electronic components for devices such as portable computers and smart devices.

The company operates three engineering-led, vertically integrated precision manufacturing facilities, supported by suppliers and joint ventures. Strategic JVs with Magellan Aerospace (API), SQuAD Forging India, and Tramontina enhance its expertise in surface treatment, aerospace forging, and consumer cookware. International expansion was achieved through acquisitions in North America (2015) and France (2016), strengthening its global footprint.

The company’s prestigious client base includes Airbus, Boeing, Collins Aerospace, Safran, Spirit Aerosystems, Honeywell, Eaton, Hasbro, Spinmaster, Wonderchef, and Tramontina. As of 31 March 2025, the company had a total workforce of 3,780 individuals.

Promoters of Aequs Ltd – Aravind Shivaputrappa Melligeri, Aequs Manufacturing Investments Private Limited, Melligeri Private Family Foundation and The Melligeri Foundation

Aequs IPO Details

Aequs IPO Dates	3 – 5 December 2025 (tentative)
Aequs Issue Price	Coming soon
Fresh issue	INR 720 crore
Offer For Sale	3,17,72,368 shares
Total IPO size	Coming soon
Minimum bid (lot size)	Coming soon
Face Value	INR 10 per share
Retail Allocation	10%
Listing On	BSE, NSE

Aequs Financial Performance

	FY 2023	FY 2024	FY 2025
Revenue	812.13	965.07	924.61
Expenses	777.48	842.79	851.24
Net income	(109.50)	(14.24)	(102.35)
Margin (%)	(13.48)	(1.48)	(11.07)

Figures in INR Crores unless specified otherwise

Aequs Offer News

Aequs Valuations & Margins

	FY 2023	FY 2024	FY 2025 (Pre-Issue)	FY 2025 (Post-Issue)
EPS	(2.44)	(0.20)	(1.80)	–
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2025

	FY 2023	FY 2024	FY 2025
RONW (%)	(43.47)	(1.76)	(14.47)
NAV	6.21	14.82	12.47
ROCE (%)	(3.72)	2.84	0.87
EBITDA (%)	7.76	15.08	11.68
Debt/Equity	2.54	0.55	0.99

*Compiled by IPO Central from Prospectus

Aequs IPO GMP Today (Daily Trend)

Aequs Offer Objectives

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable, availed by: – INR 419.24 crore
(a) the company – INR 23.47 crore
(b) two of the wholly-owned subsidiaries, through investment in the below subsidiaries – INR 395.77 crore
i. AeroStructures Manufacturing India Private – INR 171.98 crore
ii. Aequs Consumer Products Private – INR 223.80 crore
Funding capital expenditure to be incurred on account of purchase of machinery and equipment by: INR 67.45 crore
(a) the company – INR 6.87 crore
(b) one of the wholly-owned subsidiaries, AeroStructures Manufacturing India Private , through investment in such subsidiary – INR 60.58 crore
Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes

Aequs IPO Subscription – Live Updates

Coming soon

() shares allotted to anchor investors are not included in these calculations.

Aequs – Comparison With Listed Peers

Aequs IPO Allotment Status

Aequs IPO allotment status will be available on KFin Technologies’ website. Click on this link to get the allotment status.

Aequs IPO Dates & Listing Performance

IPO Opening Date	3 December 2025
IPO Closing Date	5 December 2025
Finalization of Basis of Allotment	8 December 2025
Initiation of refunds	9 December 2025
Transfer of shares to demat accounts	9 December 2025
Aequs IPO Listing Date	10 December 2025
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

Angel One –
Anand Rathi –
Axis Capital –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth –
Capital Market –
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
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Jainam Broking –
DR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
SBI Securities –
Samco Securities –
SMC Global –
Swastika Investmart –
Ventura Securities – Subscribe

Aequs IPO Lead Manager

JM FINANCIAL LIMITED
7th Floor, Cnergy Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Phone: 91 22 6630 3030
Email: [email protected]
Website: www.jmfl.com

Aequs Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium, Tower-B, Plot No. 31 & 32, Financial District
Nanakramguda, Serilingampally, Rangareddi Hyderabad 500 032
Phone: +91 40 6716 2222/ 1800 309 4001
Email: [email protected]
Website: www.kfintech.com

AEQUS LIMITED
Aequs SEZ, No. 437/A, Hattargi Village,
Hukkeri Taluk, Belagavi 591 243
Phone: +91 96 3205 8521
Email: [email protected]
Website: www.aequs.com

Aequs IPO FAQs

How many shares in the Aequs IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply in the Aequs Public Offer?

The best way to apply for Aequs public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.