GMP, Price, Dates, and Details for Aequs IPO
Market Sentiment
Live Grey Market Premium and estimated gain.

Grey Market Premium (GMP)

₹44

Est. Listing Price

₹168

Est. Gain %

35.08%

Issue Details

Issue Price

₹124

IPO Size

₹921.81 Cr

Lot Size

120 Shares

Key Dates
Timeline for the IPO process.

Open Date

03-Dec

Close Date

05-Dec

Allotment Date (BOA)

08-Dec

Listing Date

10-Dec

Investor Quota
Reservation for different investor categories.
CategoryQuota
QIBNot less than 75% of the Net Offer
HNI / NIINot more than 15% of the Net Offer
Retail (RII)Not more than 10% of the Net Offer
IPO Registrar

Kfin Technologies Ltd.

IPO Details

About the Company

Key Highlights

  • Founded in 2000, Aequs Ltd. specializes in vertically integrated precision manufacturing.
  • Operates a special economic zone in India, primarily supporting its aerospace manufacturing capabilities.
  • Key offerings include components for engine systems, landing systems, cargo and interiors, structures, and assemblies for the aerospace sector.
  • While primarily focused on aerospace, the company has diversified into manufacturing for consumer electronics, plastics, and consumer durables.
  • As of September 2025, it had produced over 5,000 products within the aerospace segment for major single-aisle and long-range commercial aircraft programs (e.g., A220, A320, B737, A330, A350, B777, B787).
  • Maintains a global manufacturing presence across three continents, strategically located to serve end customers.
  • Boasts long-standing relationships with global customers in high-entry barrier industries.
  • Led by its founders and supported by an experienced management team and a qualified workforce of over 4,500 employees (as of September 2025).

Business Model

Aequs Ltd. operates primarily as a vertically integrated precision manufacturer, offering end-to-end solutions for complex components and assemblies. Its core business revolves around serving the aerospace segment, where it leverages an Indian special economic zone to provide comprehensive manufacturing services. The company's deep capabilities allow it to produce a diverse range of critical parts for aircraft engine systems, landing gear, interior components, and structural elements.

Beyond its foundational aerospace activities, Aequs has strategically expanded its operations into manufacturing for consumer electronics, plastics, and consumer durables. This diversification broadens its market exposure and revenue streams. The company's global footprint, with manufacturing facilities across three continents, is a key operational strength, ensuring proximity to its international customer base and supporting long-term partnerships with major players in high-value industries. This model is underpinned by advanced engineering, a comprehensive product portfolio, and a skilled workforce dedicated to high-precision output.

Financial Performance

Period EndedPeriod EndedAssetsTotal IncomeProfit After TaxEBITDANET WorthReserves and SurplusTotal Borrowing
30 Sep 2025₹30 Sep 2025 Cr₹2,134.35 Cr₹565.55 Cr₹-16.98 Cr₹84.11 Cr₹796.04 Cr₹200.43 Cr₹533.51 Cr
31 Mar 2025₹31 Mar 2025 Cr₹1,859.84 Cr₹959.21 Cr₹-102.35 Cr₹107.97 Cr₹707.53 Cr₹135.09 Cr₹437.06 Cr
30 Sep 2024₹30 Sep 2024 Cr₹1,863.50 Cr₹475.51 Cr₹-71.70 Cr₹57.82 Cr₹731.65 Cr₹-90.83 Cr₹384.79 Cr
31 Mar 2024₹31 Mar 2024 Cr₹1,822.98 Cr₹988.30 Cr₹-14.24 Cr₹145.51 Cr₹807.17 Cr₹-15.31 Cr₹291.88 Cr
31 Mar 2023₹31 Mar 2023 Cr₹1,321.69 Cr₹840.54 Cr₹-109.50 Cr₹63.06 Cr₹251.91 Cr₹-146.15 Cr₹346.14 Cr
Frequently Asked Questions (FAQs)

The Aequs IPO is a ₹921.81 Cr IPO. About Aequs Ltd. Incorporated in 2000, Aequs Ltd. is engaged in manufacturing and operating a special economic zone in India to offer fully vertically integrated manufacturing capabilities in the Aerospace Segment. The company's diverse product portfolio includes components for engine systems, landing systems, cargo and interiors, structures, assemblies and turning for the aerospace clients. The company primarily operate in the Aerospace Segment, over the years, they have expanded their product portfolio to include consumer electronics, plastics, and consumer durables for their consumer clients. As of September 30, 2025, the company produced over 5,000 products within the Aerospace Segment under a variety of manufacturing and assembly programs established with their aerospace customers, including programs for single aisle (such as A220, A320, B737) and long range (A330, A350, B777, B787) commercial aircrafts. Product Portfolio: Structures: Bracket, corner fitting, cable quadrant, triangular bracket, wing flap support, coupling, gearbox bracket, floorboard, latch assembly, bracket structure Interiors and cargo: Power distribution unit tray, side panel, pawls, base, pan-seat, beam-back support, panel-side top, seat stay, outer pawl, housing left, bracket offset Landing systems: Main landing gear, main fitting, bracket assembly, front panel, front assembly uplock, rim, half wheel, main fitting assembly. Actuation Systems: Housing, manifold, mounting foot, mounting flange, actuator piston, housing, jack head, radarbox As of September 30, 2025, the company had 1,892 full-time employees, 1,834 employees on a contractual basis, 55 trainees, 432 apprentices and 325 fixed term employees. Competitive Strengths: Advanced and vertically integrated precision manufacturing capabilities Operations in unique, engineering-led vertically-integrated precision manufacturing ecosystems Manufacturing presence across three continents with strategic proximity to end customers Comprehensive precision product portfolio across high value segments Long-standing relationships with high entry barrier global customers Founder-led business supported by an experienced management team and a qualified employee base

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.

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