The aerospace components manufacturer Aequs is gearing up for its much-anticipated public debut. The company has announced its IPO price band at ₹118–₹124 per share, with the issue set to open for public subscription from December 3 to December 5, 2025.
A minimum bid of 120 shares is required, and applications beyond this must be in multiples of 120. At the top end of the price range, this translates to an investment of ₹14,880. Allotments are slated for December 8, with the listing anticipated on December 10, 2025, on both the BSE and NSE.
Why Aequs IPO Is in the Spotlight
Aequs operates in the aerospace manufacturing sector, a space with high barriers to entry and increasing demand for precision-engineered components. The company is the only precision component manufacturer in India operating within a single special economic zone with fully vertically integrated aerospace manufacturing capabilities.
Its offerings cover a wide range of aerospace requirements, including:
- Engine systems components
- Landing systems
- Cargo and interiors
- Structures and assemblies
- Aerospace turning components
This unique positioning makes the IPO appealing to investors focused on high-growth industrial and aerospace opportunities in India.
Aequs IPO Structure and Details
The IPO is structured to combine fresh fundraising with an offer-for-sale (OFS) component. Key highlights include:
- Total Issue Size: ₹922 crore
- Fresh Issue: ₹670 crore
- Offer for Sale (OFS): 2.03 crore shares by existing promoters and investors
- Price Band: ₹118–₹124 per share
- Lot Size: 120 shares
- IPO Dates: December 3–5, 2025
- Allotment Date: December 8, 2025
- Listing Date: December 10, 2025
Aequs will channel ₹433.2 crore from the fresh issue toward loan repayment, ₹64 crore for new machinery and equipment, with the balance set aside for inorganic expansion and general corporate purposes.
About Aequs: Company Overview
Based in Karnataka, Aequs has carved a niche in precision aerospace manufacturing. Operating entirely within a single SEZ, it provides end-to-end manufacturing solutions with vertical integration—helping clients meet critical quality and delivery standards.
Promoter holdings currently stand at 64.48%, with the remaining 32.95% in public hands, including institutional investors like Amansa Investments, Amicus Capital, and Steadview Capital.
Financial Snapshot
Aequs has seen notable improvements in recent performance:
- H1 FY26 Revenue: ₹537.2 crore, up 17% from ₹459 crore in the same period last year
- H1 FY26 Loss: ₹17 crore, narrowed from ₹71.7 crore in the previous year
- FY25 Revenue: ₹924.6 crore, down 4.2% from ₹965 crore in FY24
- FY25 Loss: ₹102.3 crore, compared to ₹10.8 crore in the previous fiscal
The numbers highlight a company in transition, improving operational efficiency and narrowing losses while continuing to grow revenue in the first half of FY26.
Summary: Key Takeaways
Aequs’ IPO presents a rare opportunity in aerospace manufacturing, combining vertical integration, SEZ-based operations, and a robust product portfolio. Key points to note:
- IPO Price Band: ₹118–₹124 per share
- Lot Size: 120 shares
- Issue Size: ₹922 crore (fresh issue + OFS)
- IPO Window: December 3–5, 2025
- Listing: Expected on December 10, 2025
- Financials: H1 FY26 revenue ₹537.2 crore, loss narrowed to ₹17 crore
With a strong industrial foundation and clear use of proceeds, the Aequs IPO is poised to attract attention from investors tracking India’s industrial and aerospace growth sectors.
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