Aequs IPO: Price, Analysis, Allotment, And GMP

Aequs IPO - Company Analysis

Aequs IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 921.81 Cr by Aequs Ltd., which provides fully vertically integrated production capabilities in the aerospace sector by manufacturing and running a special economic zone in India.

Components for engine systems, landing systems, cargo and interiors, constructions, assemblies, and turning for aerospace clients are all part of the company's wide range of products. The company's primary business is in the aerospace sector, but throughout time, it has added consumer electronics, plastics, and consumer durables to its line of products.

As of September 30, 2025, it produced more than 5,000 products in the aerospace segment using a range of manufacturing and assembly programs, including single-aisle programs, that were developed with its aerospace clients.

Product Line

• Structures
• Cargo and interiors
• Systems for landing
• Systems of Actuation.

Aequs IPO Details

The Aequs Ltd IPO open date is from Dec 03 to Dec 05, with IPO allotment on Dec 08, refund initiation on Dec 09, 2025. 

The Rs. 921.81 Cr mainline IPO comprises a combination of fresh issue of 5.40 crore shares (Rs. 670 Cr) and an offer for sale of 2.03 crore shares (Rs. 251.81 Cr). The Aequs IPO listing date might be on Wednesday, 10 December 2025, and it will be listed at the BSE and NSE. The Aequs IPO price band is Rs. 118 to Rs. 124 for each Share. 

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

 

Revenue Bifurcation 

(Source RHP)

The Objective of The Issue

• Repayment and/or prepayment of specific outstanding debts, either in full or in part, including any relevant prepayment penalties. ~ Rs. 433.17 Cr.
• The company. ~ Rs. 17.55 Cr.
• In its three wholly-owned subsidiaries. ~ Rs. 415.62 Cr.
• AeroStructures Manufacturing India Private Limited. ~ Rs. 174.82 Cr.
• Aequs Engineered Plastics Private Limited. ~ Rs. 231.16 Cr.
• Aequs Consumer Products Private Limited. ~ Rs. 9.63 Cr.
• Funding capital expenditure to be incurred on account of the purchase of machinery and equipment. ~ Rs. 64 Cr.
• Company. ~ Rs. 8.11 Cr.
• One of the wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited, through investment in such Subsidiary. ~ Rs. 55.89 Cr.
• General corporate goals.

Click to check the IPO application status.

Listed Peers of Aequs  Ltd.

 

Valuation

 

Explore the Orkla India IPO.

IPO's Strengths

• Precision manufacturing capabilities that are advanced and vertically integrated.
• Operations in distinct, vertically integrated precision manufacturing ecosystems driven by engineering.
• Three continents of manufacturing with strategic closeness to final consumers.
• Wide variety of precise products in high-value categories.
• Long-standing connections with international clients with substantial entrance barriers.

IPO Weaknesses

• Aequs is mostly dependent on a small number of major international aerospace OEMs (such as Airbus and Boeing suppliers). Revenue might be severely impacted by any decrease in orders, postponed approvals, or contract cancellations.
• The aerospace and defense industry's lengthy certification cycles, raw material uncertainty, and cyclical demand all affect the company's operations. Performance is directly impacted by any delay in defense purchases or aircraft manufacturing.
• Foreign exchange and exposure to geopolitics.
• Execution risks and capacity expansion.

Aequs IPO GMP 

Aequs IPO GMP today is Rs. 24 as of 28 Nov 2025, while writing this information.

Aequs Limited IPO Summary

 

 

Aequs IPO Lot Size

The Aequs Ltd. IPO allows retail investors to invest in a minimum and maximum of 1 Lot (120 Shares) amounting to Rs. 14880 and 13 Lots (1560 Shares), amounting to Rs. 193440, respectively.

 

Aequs IPO Reservation

 

Aequs IPO Allotment Status

To check the Aequs IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Aequs  Ltd.

• Aravind Shivaputrappa Melligeri.
• Aequs Manufacturing Investments Private Limited.
• Melligeri Private Family Foundation.
• The Melligeri Foundation.

 

Aequs IPO Lead Managers

• JM Financial Ltd.
  
  

Dividend Policy

The company has not paid a dividend in the past three financial years.

 

 

Conclusion

The Aequs IPO demonstrates a robust vertically integrated aerospace manufacturing ecosystem with multi-continental activities and worldwide client relationships. However, investors face significant risk due to ongoing losses, excessive debt, and reliance on a small number of significant OEMs.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.