Aequs IPO : All you Need to know
Aequs IPO Details
The Aequs IPO will open on 03 Dec 2025- 05 Dec 2025. The Total issue size of IPO is ₹921.81 cr. which includes a Fresh Issue and OFS (Offer for sale).
- IPO Price Band: ₹118-₹124 Per Share
- Lot Size: 120 shares
- Minimum Investment (Retail): ₹14,160 – ₹14,880/-
- Allotment Date: 8 Dec 2025
- Listing Date: 10 Dec 2025 on NSE and BSE
| Details | Information |
| IPO Open Date | 03 Dec 2025 |
| IPO Close Date | 05 Dec 2025 |
| Price Band | ₹118-₹124 Per Share |
| Lot Size | 120 shares |
| Minimum Investment | ₹14,160 – ₹14,880/- |
| Issue Size | ₹921.81 cr. |
| Allotment Date | 08 Dec 2025 |
| Listing Date | 10 Dec 2025 on NSE and BSE |
| Aequs IPO GMP | ₹40-41 (33%) |
Aequs IPO GMP
As per market reports, the Aequs IPO GMP is trading around ₹40 above issue price. This shows some positive demand before listing, but GMP can change quickly.
Aequs IPO Issue Size
The Aequs Ltd. IPO will open for subscription on 03 December 2025 to 05 December 2025. The Company wiill planning to raise ₹921.81 cr through this public issue.
- Fresh Issue: ₹670 cr (5,40,32,258 shares) funds raised here will go directly into the company for expansion, debt repayment, and working capital needs.
- Offer For Sale: ₹251.81 cr. (2,0,07,393 shares ) existing shareholders will sell part of their stake, but the proceeds will not go to the company.,
Aequs IPO Issue Objective
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable,availed by the company
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable twoof our wholly-owned Subsidiaries, through investment in the below Subsidiaries
Funding capital expenditure to be incurred on account of purchase of machinery and equipment by the company
Funding capital expenditure to be incurred on account of purchase of machinery and equipment by one of our wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited through investment in such Subsidiary
Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes
Aequs IPO Lot Size
Investors can apply for the IPO in lots. The Aequs IPO Lot Size is fixed at 120 shares per lot.
Below is the table showing lot size details for Retail Investors and **HNIs (High Net Worth Individuals):
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 120 | ₹14,880 |
| Retail (Max) | 13 | 1,560 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1,680 | ₹2,08,320 |
| S-HNI (Max) | 67 | 8,040 | ₹9,96,960 |
| B-HNI (Min) | 68 | 8,140 | ₹10,11,840 |
Aequs Ltd. IPO Prospectus
Aequs Ltd. IPO Reservation
The IPO shares are divided among different investor categories. Here is the Aequs IPO reservation (quota) details:
| Investor Category | Reservation % |
| QIB (Qualified Institutional Buyers) | 75% of the issue |
| NII / HNI (Non-Institutional Investors) | 15% of the issue |
| Retail Investors | 10% of the issue |
How to Apply for Aequs Ltd. IPO
Applying for the Aequs IPO is simple. You can apply through your demat account, net banking (ASBA), or brokerage app like Zerodha, Upstox, Groww, Angel One, ICICI Direct, etc.
Step-by-Step Guide
- Login to Your Demat Account
- Open your broker app (like Zerodha, Groww, Upstox) or net banking (like HDFC, ICICI, SBI).
- Go to IPO Section
- Look for the “IPO” tab or “Current Issues” option.
- Select
- Click on Aequs Ltd. IPO Apply option.
- Choose Your Category & Lot Size
- Retail Investor: Minimum 1 lot = 120 shares.
- HNI (sHNI/bHNI): Higher multiples (check the Aequs IPO lot size table above).
- Enter Bid Price
- You can bid at the cut-off price (safest option) or enter a price within the band ₹118 – ₹124
- Confirm & Submit
- Enter your UPI ID (if using UPI) and approve the mandate on your UPI app.
- For ASBA (net banking), the amount will be a blocked in your bank account.
- IPO closes on 05 December 2025.
- Allotment date: 08 December 2025.
- Check status on kFin Technologies Limited
Aequs Ltd. Promotors Holding
- Aravind Shivaputrappa Melligeri
- Aequs Manufacturing Investments Private Limited
- Melligeri Private Family Foundation
- The Melligeri Foundation
| Description | Percentage (%) |
| Promoter Holding Pre-Issue | 64.48 |
| Promoter Holding Post-Issue | 59.09 |
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Key Performance Indicators for Aequs Ltd. IPO
| KPI | Value |
| Return on Capital Employed (ROCE) | 0.87 |
| EBITDA Margin | 11.68% |
| Price to Earning (P/E) Pre IPO | -74.71 |
| Return on Net Worth (RoNW) | -14.47 |
| PAT Margin (%) | -11.07% |
| Return On Equity (ROE) | -14.30 |
| Debt/Equity | 0.99 |
| Price to Book Value (P/BV) | 9.94 |
Aequs Ltd. IPO Registrar and Lead Managers
Aequs IPO Lead Managers.
- JM Financial Ltd
IIFL Capital Services Ltd
Kotak Mahindra Capital Co.Ltd
Aequs IPO Registrar
Kfin Technologies Ltd
04067162222, 04079611000
aequs.ipo@kfintech.com
https://ipostatus.kfintech.com
Aequs Ltd. Financial (in Crs)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|---|
| Assets | 2,134.35 | 1,859.84 | 1,863.50 | 1,822.98 | 1,321.69 |
| Revenue | 565.55 | 959.21 | 475.51 | 988.30 | 840.54 |
| Profit After Tax | -16.98 | -102.35 | -71.70 | -14.24 | -109.50 |
| EBITDA | 84.11 | 107.97 | 57.82 | 145.51 | 63.06 |
| NET Worth | 796.04 | 707.53 | 731.65 | 807.17 | 251.91 |
| Reserves and Surplus | 200.43 | 135.09 | -90.83 | -15.31 | -146.15 |
| Total Borrowing | 533.51 | 437.06 | 384.79 | 291.88 | 346.14 |
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