Aequs IPO: Check Today’s GMP, Price, Analysis & Allotment Insights!

Aequs IPO – Company Analysis

Aequs IPO is a Mainboard book-built issue of ₹921.81 crore by Aequs Ltd., a company known for offering fully vertically integrated manufacturing capabilities in the aerospace sector while also operating a Special Economic Zone (SEZ) in India.

The company’s extensive product portfolio includes components for engine systems, landing systems, cargo and interior systems, structures, assemblies, and precision turning for its global aerospace clients. While aerospace remains its core business, Aequs has gradually diversified into consumer electronics, plastics, and consumer durables over time.

As of September 30, 2025, the company has produced over 5,000 products in the aerospace segment through various manufacturing and assembly programs, including single-aisle aircraft programs, developed in collaboration with its aerospace customers.

Product Line

• Structures
   
• Cargo and Interiors
   
• Landing Systems
   
• Actuation Systems
  
  

Aequs IPO Details

The Aequs Ltd IPO will open for subscription from December 03 to December 05, 2025. The IPO allotment is scheduled for December 08, and refunds will be initiated on December 09, 2025.

This ₹921.81 crore Mainboard IPO consists of:

• Fresh issue: 5.40 crore shares (₹670 crore)
   
• Offer for sale (OFS): 2.03 crore shares (₹251.81 crore)
   

The Aequs IPO is tentatively expected to list on Wednesday, December 10, 2025, on both the BSE and NSE. The price band for the issue is set at ₹118 to ₹124 per share.

Industry Outlook 

Company Financial 

(Amount in Cr)

Cash Flows for Various Activities

The company’s cash flows from different activities are as follows:

(Amount in Mn)

Revenue Bifurcation  

                                                          (Source RHP)

Objectives of the Issue

1. Repayment and/or Prepayment of Certain Borrowings
Total: ₹433.17 crore, allocated as follows:

• Company: ₹17.55 crore
   
• Wholly-owned subsidiaries: ₹415.62 crore
   
• AeroStructures Manufacturing India Private Limited – ₹174.82 crore
   
• Aequs Engineered Plastics Private Limited – ₹231.16 crore
   
• Aequs Consumer Products Private Limited – ₹9.63 crore
   

2. Funding Capital Expenditure for Purchase of Machinery and Equipment
Total: ₹64 crore, allocated as follows:

• Company: ₹8.11 crore
   
• AeroStructures Manufacturing India Private Limited (wholly-owned subsidiary) – ₹55.89 crore
   

3. General Corporate Purposes

Click to check the IPO application status.

Listed Peers of Aequs  Ltd.

Valuation

Aequs IPO Strengths

• Advanced and vertically integrated precision manufacturing capabilities.
   
• Operations built on distinct, vertically integrated engineering-driven ecosystems.
   
• Manufacturing presence across three continents, offering strategic proximity to end customers.
   
• A diverse range of precision products in high-value segments.
   
• Long-standing relationships with global clients, supported by significant entry barriers in the industry.
   

Aequs IPO Weaknesses

• Heavy dependence on a limited number of major international aerospace OEMs (including suppliers to Airbus and Boeing). Any decline in orders, delays in approvals, or contract cancellations could impact revenue significantly.
   
• The company’s operations are affected by the aerospace and defense sector's long certification cycles, raw material challenges, and cyclical demand. Delays in defense procurement or aircraft production directly impact performance.
   
• Exposure to foreign exchange fluctuations and geopolitical risks.
   
• Execution risks related to scaling operations and capacity expansion.
   

Aequs IPO GMP

Aequs IPO GMP today is ₹₹41, as of 05 December 2025, at the time of writing this information.

Aequs Limited IPO Summary

Aequs IPO Lot Size

Retail investors can apply for a minimum of 1 lot (120 shares), costing ₹14,880, and a maximum of 13 lots (1,560 shares), amounting to ₹1,93,440.

Aequs IPO Reservation

Aequs IPO Allotment Status

To check the Aequs IPO allotment status, investors can visit the official registrar’s website or the BSE website. You can use the respective online allotment check pages on these platforms to verify your application status.

Using BSE Website - ​BSE IPO allotment status

Promoters and Management of Aequs Ltd.

• Aravind Shivaputrappa Melligeri
• Aequs Manufacturing Investments Private Limited
• Melligeri Private Family Foundation
• The Melligeri Foundation

Aequs IPO Lead Managers

• JM Financial Ltd.

Dividend Policy

Aequs Ltd. has not declared or paid any dividends in the past three financial years.

Conclusion

The Aequs IPO represents a strong, vertically integrated aerospace manufacturing ecosystem with operations across multiple continents and established global client relationships. However, potential investors should consider the risks associated with ongoing losses, high debt levels, and dependence on a limited number of key OEMs before investing.