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Clear AllQuality Score
0/0
Growth Score
0/0
Valuation Score
0/0
Bidding Date
03-Dec-2025 to
05-Dec-2025
Issue Size
₹921.81 Cr
Price Band
₹118 to ₹124
Allotment date
08-Dec-2025
Listing date
10-Dec-2025
Lot size
120
No. of shares
7,43,39,651
Fresh issue/OFS
₹670 Cr/₹251.81 Cr
Aequs Limited, originally incorporated in 2000 as Mechanical Training Academy Private Limited and restructured into its current form around 2007-2009 with headquarters in Belagavi, Karnataka, has transformed from a training entity into a diversified contract manufacturing platform across aerospace, toys, and consumer durable goods. Beginning with niche aerospace surface treatment services, the company expanded capabilities through precision engineering in a dedicated SEZ, acquiring international subsidiaries like Aequs Aerospace LLC (USA, 2015) and SIRA Group (France, 2016), and diversifying into consumer plastics (2016), toys (2017), and electronics/consumer durables (2021-2022) via clusters in Koppal and Hubballi. Its core focus lies in vertically integrated solutions including forging, machining, sheet metal, assembly, special processing, injection molding, and NDT for aerostructures, toys, household appliances, and electronics, serving global OEMs like Airbus, Boeing, Safran, Honeywell, and consumer brands. Aequs excels in high-end alloys, 5-axis machining, process standardization, global quality compliance, and digitization, with a global footprint and over 4,000 employees enabling efficient supply chains. The company’s philosophy centers on "Ecosystems of Efficiency," fostering long-term OEM partnerships through zero-error manufacturing, innovation in process engineering, and scalable adaptability to industry demands.
Read our in-depth analysis of the Aequs Ltd IPO Here
Category
Status
QIBs
120.9x
NIIs
80.6x
Retail
77.9x
Others
35.8x
Total
101.6x
The issue size of Aequs is ₹921.81 Cr.
Aequs falls into Technology Hardware industry.
The Aequs IPO will be listed on both NSE and BSE.
The open and close dates for the Aequs are 03-Dec-2025 & 05-Dec-2025.
The price band for the Aequs ipo is ₹118 to ₹124
The listing date of Aequs IPO is 10-Dec-2025.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Aequs total subscription ratio is 101.6X.
Key financial of the Aequs are:
| Aequs | FY-25 | FY-24 | FY-23 |
|---|---|---|---|
| Revenue (₹ Cr) | 924.61 | 965.07 | 812.13 |
| EBIT (₹ Cr) | -24.61 | 19.95 | -60.9 |
| Proft after Tax (₹ Cr) | -102.42 | -12.15 | -108.73 |
| Debt (₹ Cr) | 432.94 | 290.29 | 344.77 |
| Net Worth (₹ Cr) | 715.98 | 815.62 | 267.25 |
| RoE (%) | -14.3 | -1.49 | -40.68 |