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Aequs IPO

  • Status: Closed
  • RHP:
  • ₹ 14,160 / 120 shares

    Minimum Investment

Aequs IPO Details

  • Open Date

    03 Dec 2025

  • Close Date

    05 Dec 2025

  • Listing Date

    10 Dec 2025

  • IPO Price Range

    ₹ 118 to ₹124

  • IPO Size

    ₹ 921.81 Cr

  • Listing Exchange

    BSE NSE

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Timeline Financials SWOT FAQ Contacts

Aequs IPO Timeline

Aequs IPO Subscription Status

Last Updated: 04 December 2025 5:51 PM by 5paisa

Aequs Limited, launching a ₹921. 81 Cr IPO, operates a specialised economic zone in India, offering fully integrated manufacturing capabilities for the aerospace sector. Its portfolio spans engine, landing, cargo, interior and structural components, along with assemblies and turning. While primarily focused on aerospace, the company has expanded into consumer electronics, plastics and durables. As of 30 September 2025, Aequs produced over 5,000 aerospace products for major single-aisle and long-range aircraft programmes.

Established in: 2000

Managing Director: Rajeev Kaul

Peers:

Metric Aequs Limited Azad Engineering Limited Unimech Aerospace and Manufacturing Limited Amber Enterprises India Limited  Kaynes Technology India Limited Dixon Technologies (India) Limited PTC Industries Limited

Revenue from Operations  (₹ Cr)

 924.61 457.35 242.93 9973.02 2721.25 38860.10 308.07
Face Value (₹ per share) 10 2 5 10 10 2 10
Closing Price as on November 21, 2025 NA 1693.00 980.30 7196.00 5883.50 14965.00 17236.00
P/E NA 115.48 55.73 100.40 129.59 73.87 417.03

Earnings Per Share (Basic) (₹)

 -1.80 14.66 17.59 72.01 45.82 205.70 41.37
Earnings Per Share (Diluted) (₹) -1.80 14.66 17.59 71.67 45.40 202.58 41.33
Return on Net Worth (RoNW) (%) -14.47 6.21 12.48 10.99 10.33 47.50 4.40
NAV per
equity
share (₹)		 12.47 234.06 141.01 672.612 439.85 494.74 940.03


 

Aequs Objectives

1. The company will repay borrowings totalling ₹433.17 crore.
2. It will reduce company-level debt of ₹17.55 crore.
3. Funds will support subsidiaries with ₹415.62 crore.
4. AeroStructures Manufacturing India receives ₹174.82 crore support.
5. Aequs Consumer Products receives repayment funding of ₹231.16 crore.
6. Aequs Engineered Plastics gets ₹9.63 crore debt clearance.
7. Capital expenditure will use ₹64.00 crore funding.
8. The company will invest ₹8.11 crore in equipment.
9. AeroStructures Manufacturing India gains ₹55.89 crore machinery funding.
10. Funds will support acquisitions and general corporate purposes.

Aequs IPO Size

Types Size
Total IPO Size ₹921.81 Cr 
Offer For Sale ₹251.81 Cr 
Fresh Issue ₹670.00 Cr 

Aequs IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 120 14,160
Retail (Max) 13 1,560 1,93,440
S-HNI (Min) 14 1,680 1,98,240
S-HNI (MAX) 67 8,040 9,96,960
B-HNI (Min) 68 8,160 9,62,880

Aequs IPO Reservation

Investors Category Subscription (times) Shares Offered* Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 0.75     2,22,41,733     1,65,90,240     205.72
Non-Institutional Buyers 17.47     1,11,24,399     19,43,15,760   2,409.52
bNII (bids above ₹10L) 14.14     74,16,266     10,48,63,560   1,300.31
sNII (bids below ₹10L) 24.12     37,08,133 8,94,52,200     1,109.21
Individual Investors (IND category bidding for 2 Lots) 34.34     74,16,266     25,46,67,960   3,157.88
Total** 11.44     4,09,59,389     46,84,28,760   5,808.52

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (In ₹ Crores) FY23 FY24 FY25
Revenue 812.13 965.07 924.61
EBITDA 63.06 145.51 107.97
PAT -109.50 -14.24 -71.701
Particulars (In ₹ Crores) FY23 FY24 FY25
Total Assets 1321.69 1822.98 1859.84
Share Capital 424.76 424.76 581.83
Total Liabilities 1054.44 1007.36 1143.86
Cash Flows (₹ Crores) FY23 FY24 FY25
Net Cash Generated From / (used in) Operating Activities 9.81 -19.11 26.14
Net Cash Generated From / (used in) Investing Activities -88.85 -343.37 -73.82
Net Cash Generated From / (used in) Financing Activities 54.37 393.49 25.40
Net Increase (Decrease) in Cash and Cash Equivalents -24.67 31.01 -22.28


Strengths

1. Strong expertise in integrated aerospace manufacturing.
2. Diversified portfolio across multiple product segments.
3. Long-term partnerships with major global aircraft OEMs.
4. Operational benefits from dedicated special economic zone.

Weaknesses

1. High capital intensity increases financial dependence.
2. Revenue concentration in aerospace market cycles.
3. Limited global brand visibility beyond core clients.
4. Expansion into new sectors adds execution risk.

Opportunities

1. Rising demand for commercial aircraft components.
2. Growth potential in consumer electronics manufacturing.
3. Scope for automation and advanced manufacturing adoption.
4. Strategic acquisitions can expand market presence.

Threats

1. Economic slowdown may impact aerospace orders.
2. Currency fluctuations could affect export margins.
3. Competition from global aerospace manufacturers intensifies.
4. Supply chain disruptions may delay production schedules.

1. Strong presence across key global aerospace programmes.
2. Integrated SEZ ecosystem enhances operational efficiency.
3. Diversified portfolio reduces sector-specific reliance.
4. Clear growth strategy through expansion and acquisitions.

Aequs operates a fully integrated aerospace manufacturing ecosystem supported by a dedicated special economic zone, enabling cost efficiency and scale. With a diverse product portfolio and long-standing partnerships with major aircraft programmes, the company is well positioned for sustained growth. Its expansion into consumer electronics, plastics and durables further widens revenue opportunities. Continued investment in technology, capacity and strategic initiatives strengthens Aequs’ potential in both domestic and global markets.

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FAQs

Aequs IPO opens from December 3, 2025 to December 5, 2025.

The size of Aequs IPO is ₹921.81 Cr.

The price band of Aequs IPO is fixed at ₹118 to ₹124 per share.

To apply for Aequs IPO, follow the steps given below:

1. Login to your 5paisa demat account and select the issue in the current IPO section    
2. Enter the number of lots and the price at which you wish to apply for the Aequs. IPO.    
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Aequs IPO is of 120 shares and the investment required is ₹14,160.

The share allotment date of Aequs IPO is December 8, 2025

The Aequs IPO will likely be listed on December 10, 2025.

JM Financial Ltd is the book running lead managers for Aequs IPO.

Aequs IPO plans to utilise the raised capital from the IPO for:

1. The company will repay borrowings totalling ₹433.17 crore.
2. It will reduce company-level debt of ₹17.55 crore.
3. Funds will support subsidiaries with ₹415.62 crore.
4. AeroStructures Manufacturing India receives ₹174.82 crore support.
5. Aequs Consumer Products receives repayment funding of ₹231.16 crore.
6. Aequs Engineered Plastics gets ₹9.63 crore debt clearance.
7. Capital expenditure will use ₹64.00 crore funding.
8. The company will invest ₹8.11 crore in equipment.
9. AeroStructures Manufacturing India gains ₹55.89 crore machinery funding.
10. Funds will support acquisitions and general corporate purposes.