Aequs Limited IPO
Mainboard₹14,880 / 120 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 05 Dec 2025, 05:57 PM |
| QIBs | 122.93 times |
| NII | 83.61 times |
| Retail | 80.95 times |
| Employee | 37.86 times |
| Total | 104.28 times |
Aequs Limited IPO Details
The Aequs Limited IPO price band is set between ₹118-124 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 3 Dec, 2025 and closes on 5 Dec, 2025. Investors can check the allotment status on 8 Dec, 2025, while the listing date is tentatively scheduled for 10 Dec, 2025.
The total issue size is 7,43,39,651 shares, aggregating up to ₹921.81 crore. Stay tuned for the latest Aequs Limited IPO review and GMP updates.
Aequs Limited IPO Review, Rating & Analysis
Aequs Limited IPO Review
NeutralAequs Limited IPO Rating
Aequs Limited IPO Highlights
IPO Date
Dec 3, 2025 - Dec 5, 2025
Listing Date
10 Dec, 2025
Face Value
₹10 Per Equity Share
Price Band
₹118-124 per equity share
Lot Size
120 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Aequs Limited IPO Lot Size
The minimum market lot for Aequs Limited IPO is 120 shares with an application amount of ₹14,880. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹14,880 |
| Retail (Max) | 13 | 1560 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1680 | ₹2,08,320 |
| S-HNI (Max) | 67 | 8040 | ₹9,96,960 |
| B-HNI (Min) | 68 | 8160 | ₹10,11,840 |
Aequs Limited IPO Timeline
Issue Price
₹118-124 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
JM Financial LtdIIFL Capital Services LtdKotak Mahindra Capital Co.LtdIssue Size
7,43,39,651 shares(aggregating up to ₹921.81 crore)Aequs Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 2134.35 | 565.55 | -16.98 | 796.04 | 200.43 | 533.51 |
| 31-Mar-25 | 1859.84 | 959.21 | -102.35 | 707.53 | 135.09 | 437.06 |
| 30-Sep-24 | 1863.50 | 475.51 | -71.70 | 731.65 | -90.83 | 384.79 |
| 31-Mar-24 | 1822.98 | 988.30 | -14.24 | 807.17 | -15.31 | 291.88 |
| 31-Mar-23 | 1321.69 | 840.54 | -109.50 | 251.91 | -146.15 | 346.14 |
In Cr.
Aequs Limited IPO IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 33380262 | 44.9% |
| QIB Shares Offered | 22241733 | 29.92% |
| NII (HNI) Shares Offered | 11124399 | 14.96% |
| bNII > ₹10L | 7416266 | 10% |
| sNII < ₹10L | 3708133 | 5% |
| Retail Shares Offered | 7416266 | 9.98% |
| Employee Shares Offered | 176991 | 1.76% |
| Total Shares Offered | 74339650 | 100% |
Aequs Limited IPO Documents
Aequs Limited IPO Valuations
EPS Pre IPO
₹-1.66/-EPS Post IPO
₹-0.51/-PE Pre IPO
-PE Post IPO
-ROE
-14.30%ROCE
-Debt Equity
0.99RoNW
-14.47%PAT Margin
-11.07%Price to Book Value
9.94Aequs Limited Peer Comparison
| Company Name | Revenue | RoNW | PE Ratio | PB Ratio |
|---|---|---|---|---|
| Aequs | 924 | (14.4)% | N/A | N/A |
| Azad Engineering | 457 | 6.2% | 115 | N/A |
| Unimech Aerospace | 242 | 12.4% | 55 | N/A |
| Amber Enterprises | 9973 | 10.9% | 100 | N/A |
| Kaynes Tech | 2721 | 10.3% | 129 | N/A |
| Dixon Tech | 38860 | 47.5% | 73 | N/A |
| Ptc Industries | 308 | 4.4% | 417 | N/A |
Promoters & Share Holding
Promoter(s) Name
- Aravind Shivaputrappa Melligeri
- Aequs Manufacturing Investments Private Limited
- Melligeri Private Family Foundation
- The Melligeri Foundation
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 64.48% | 59.09% |
About Company
Aequs is a diversified contract manufacturing company that facilitates large-scale and timely production of complex products, meeting the demanding needs of global Original Equipment Manufacturers (OEMs) in both the aerospace and consumer sectors. The company works within three specific, engineering-led vertically integrated precision manufacturing “ecosystems” in India that can offer “one-stop-shop” capabilities. This leads to various benefits: better quality management, cost and working capital efficiencies, reduced lead times, and lower global carbon emissions.
Aequs Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,22,41,733 | 1,11,24,399
74,16,266
37,08,133
| 74,16,266 | 4,09,59,389 |
Day 103-12-25 05:00 PM | 0.68 x | 3.54
x
2.98 x
4.65 x
| 11.97 x | 3.52 x |
Day 204-12-25 05:00 PM | 0.75 x | 17.46
x
14.14 x
24.10 x
| 34.24 x | 11.42 x |
Day 305-12-25 05:00 PM | 122.93 x | 83.61
x
79.86 x
91.13 x
| 80.95 x | 104.28 x |
Retail:67.17x
BHNI:15.9x
SHNI:86.53x
Aequs Limited IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable,availed by the company | - |
| Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable twoof our wholly-owned Subsidiaries, through investment in the below Subsidiaries | - |
| Funding capital expenditure to be incurred on account of purchase of machinery and equipment by the company | - |
| Funding capital expenditure to be incurred on account of purchase of machinery and equipment by one of our wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited through investment in such Subsidiary | - |
| Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes | - |
Company Contact Details
Aequs Limited IPO
Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post Belagavi Bengaluru, Karnataka, 560048Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: aequs.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Frequently Asked Questions about Aequs Limited IPO IPO
When will Aequs Limited IPO open for subscription?
The Aequs Limited IPO opens on 3 Dec, 2025 and closes on 5 Dec, 2025.
What is the investors portion for Aequs Limited IPO?
The investors' portion for QIB is 122.93 x, NII is 79.86 x, and Retail is 80.95 x.
How to apply for Aequs Limited IPO?
You can apply for Aequs Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Aequs Limited IPO?
The issue size of Aequs Limited IPO is approx ₹7,43,39,651 shares(aggregating up to ₹921.81 crore) crores.
What is the price band of Aequs Limited IPO?
The price band for Aequs Limited IPO is ₹118 to ₹124 per equity share.
What is the lot size of Aequs Limited IPO?
The minimum bid (lot size) for Aequs Limited IPO is 120 shares with an investment of approx ₹14,880 .
What is the allotment date of Aequs Limited IPO?
The allotment date for Aequs Limited IPO is 8 Dec, 2025.
What is the listing date of Aequs Limited IPO?
The listing date for Aequs Limited IPO is expected to be 10 Dec, 2025.
What is the GMP of Aequs Limited IPO?
The latest Grey Market Premium (GMP) for Aequs Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.