The Aequs IPO has received an overwhelming response from investors, seeing a 6-times subscription on the second day of its share sale. The company’s ₹922-crore Initial Public Offering (IPO) attracted bids for 23.97 crore shares against 4.20 crore shares on offer, signalling strong market interest in the aerospace and consumer durable manufacturing firm.
Market Response and Subscription Highlights
Investor enthusiasm has been visible across all categories, particularly among retail and non-institutional segments:
- Retail Individual Investors (RIIs): 18.6 times subscribed
- Non-Institutional Investors (NIIs): 7 times subscribed
- Qualified Institutional Buyers (QIBs): 67% subscribed
The IPO saw a strong start on Day 1 itself, with bids closing at 3.42 times subscription. Anchor investors contributed ₹414 crore to the initial tranche, providing early momentum.
IPO Details
- Price Band: ₹118-124 per share
- Total Valuation: Over ₹8,300 crore
- IPO Close Date: December 5, 2025
- Allotment Date: December 8, 2025
- Listing Date: December 10, 2025
Funds raised from the IPO will be utilised for:
- Repayment of loans for Aequs and its subsidiaries
- Acquisition of machinery and equipment for the company and AeroStructures Manufacturing India
- Supporting future growth, potential acquisitions, and other strategic initiatives
Company Overview
Aequs is a contract manufacturing firm with a strong presence in aerospace and consumer durable goods. Over the years, it has expanded into consumer electronics, plastics, and consumer products, building a diversified portfolio.
Key clients in aerospace include Airbus, Boeing, Bombardier, Collins Aerospace, Spirit AeroSystems, Safran, GKN Aerospace, Mubea Aerostructures, Honeywell, Eaton, and Sabca. In consumer products, it serves brands like Hasbro, Spinmaster, Wonderchef, and Tramontina.
The company’s expertise spans high-precision aerospace components to innovative consumer goods, making it a strong contender in both segments.
Summary
The Aequs IPO continues to gain strong investor traction:
- Day 2 subscription: 6 times
- RIIs: 18.6 times, NIIs: 7 times, QIBs: 67%
- Total IPO size: ₹922 crore
- Price band: ₹118-124
- Listing: December 10, 2025
With its robust client base, diversified product portfolio, and strong investor response, Aequs is emerging as a key story in India’s IPO market this year.
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