Aequs Limited IPO Details
The Aequs Limited IPO is a book build issue with a total issue size of ₹921.81 cr, comprising of fresh issue of 54032258 equity shares., and a offer for sale of 20307393 equity shares. Aequs Limited IPO opened for subscription on Dec 03, 2025 and closed on Dec 05, 2025. Aequs Limited IPO is set price band at ₹118 to ₹124 per share, with a lot size of 120 shares. Minimum investment for Retail investors was ₹14,880.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 08, 2025, and listed on both the NSE and BSE on Dec 10, 2025.
Kfin Technologies Limited has been appointed as the registrar. IIFL Capital Services Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited are the Book Running Lead Manager for the issue.
Before investing in the Aequs Limited IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 118 – 124
- Lot Size
- 120
- Issue Size
- ₹921.81 Cr
- Minimum Investment
- ₹14880 (120 Shares)
- Listing Date
- 10 December 2025
Current GMP
₹24 (+19.35%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Aequs Limited
Aequs Limited is a leading Indian precision manufacturing company, distinguished as the only player operating within a single SEZ offering fully vertically integrated aerospace manufacturing capabilities. Its end-to-end ecosystem spans machining, forging, surface treatment, and assembly, enabling a “one-stop-shop” model preferred by global OEMs for efficiency, quality control, and reduced lead times.
Aerospace Segment (Core Business)
Aerospace is the company’s primary revenue driver, contributing ₹4,739.53 million (H1 FY26) and ₹8,246.41 million (FY25) in net external revenue.
Aequs has one of India’s largest aerospace product portfolios, delivering over 5,000 precision components across:
- Engine systems
- Landing systems
- Interiors and cargo
- Structures and assemblies
Its programs support major commercial aircraft lines including A220, A320, B737, and long-range A330, A350, B777, B787. Aequs is also among the few Indian players with niche metallurgy capabilities, including machining of titanium and high-end alloys.
Consumer & Electronics Segment
Leveraging its engineering strengths, Aequs has expanded into consumer and electronics manufacturing, producing:
- Cookware and small home appliances
- Plastics (outdoor toys, figurines, toy vehicles)
- Electronic components for portable computers and smart devices
A joint venture with Tramontina enhances expertise in consumer products.
Manufacturing Ecosystem
Aequs operates three vertically integrated precision manufacturing ecosystems in India, supported by strategic suppliers and JVs. These clusters enable large-scale, high-complexity production with stringent quality standards, backed by certifications such as ISO 9001:2015, AS9100D, and NADCAP.
Key JVs strengthening capability:
- SQuAD Forging India – aerospace forging (aluminium, steel, titanium, nickel alloys)
- Aerospace Processing India (API) with Magellan – advanced surface treatment
- Aequs Cookware Pvt. Ltd. with Tramontina – consumer cookware manufacturing
Global Expansion
International acquisitions in North America (2015) and France (2016) expanded Aequs’ technology base, customer access, and geographic footprint.
Customers
Aequs serves marquee global OEMs across industries, including:
Airbus, Boeing, Collins Aerospace, Safran, Spirit Aerosystems, Honeywell, Eaton, Bombardier, Hasbro, Spinmaster, Wonderchef, Tramontina, among others.
Strategic Initiatives & Government Incentives
The company operates in sectors eligible for India’s PLI schemes, particularly for electronic components and semiconductors. It plans to leverage:
- PLI incentives for electronics manufacturing
- State-level capital, interest, and duty subsidies
These initiatives support capacity expansion, cost optimization, backward integration, and enhanced domestic value addition.
As of 31 March 2025, Aequs employed 3,780 personnel across its global operations.
Aequs Limited IPO Promoters
- Aravind Shivaputrappa Melligeri
- Aequs Manufacturing Investments Private Limited
- Melligeri Private Family Foundation
- The Melligeri Foundation
Promoters Holding
Holding Pre Issue
64.48%
Holding Post Issue
0.00%
Aequs Limited IPO Objective
1. Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable, availed by:
(a) Our Company; and
(b) three of our wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited, Aequs Consumer Products Private Limited and Aequs Engineered Plastics Private Limited, through investment in such Subsidiaries;
2. Funding capital expenditure to be incurred on account of purchase of machinery and equipment by:
(a) our Company; and
(b) one of our wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited, through investment in such Subsidiary; and
3. Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes
Address / Contact Info
Aequs Limited
No 437/A, Hattargi Village
Hukkeri Taluk,
Belagavi
Bengaluru, Karnataka, 591243
Phone: +91 831 2499000
Email: investor.relations@aequs.com
Website: https://www.aequs.com/
IPO Snapshot
Book Running Lead Managers
- IIFL Capital Services Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Aequs Limited IPO is a Book-building IPO with a total issue size of ₹921.81 crore. The Aequs Limited IPO price band is ₹118 to 124 per share. The Aequs Limited IPO subscription opens on Wed, Dec 3, 2025, and closes on Fri, Dec 5, 2025. The Aequs Limited IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Aequs Limited IPO.
The Aequs Limited IPO opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025
Aequs Limited IPO Price Band is ₹118 to 124 per share.
Aequs Limited IPO lot size is 120 shares, Retail investors need a minimum investment of ₹14880 based on the upper price band
The minimum investment for Aequs Limited IPO is ₹14880, based on one lot of 120 shares at the upper price band of ₹124 per share.
Investors can apply for the Aequs Limited IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 5, 2025. The application amount remains blocked until the Aequs Limited IPO allotment is finalized.
Aequs Limited IPO issue size is ₹921.81 crores.
Aequs Limited IPO allotment date is Wed, Jul 1, 2026.
The registrar for Aequs Limited IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Aequs Limited IPO allotment status, refund processing, and other IPO-related information.
The Aequs Limited IPO GMP (Grey Market Premium) is ₹24 as of Wed, Dec 10, 2025. Based on the upper price band of ₹124 per share, the estimated Aequs Limited IPO listing price is ₹148, indicating a potential listing gain of approximately 0% over the issue price.