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

Grey Market Premium (GMP)

₹42

Est. Listing Price

₹166

Est. Gain %

33.87%

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 (SEZ) in India, offering comprehensive manufacturing capabilities primarily for the Aerospace Segment.
  • Primary focus is aerospace, with a diverse product portfolio including components for engine systems, landing systems, cargo, interiors, structures, and assemblies.
  • Has strategically expanded into manufacturing for consumer electronics, plastics, and consumer durables.
  • Produced over 5,000 aerospace products as of September 30, 2025, supporting major commercial aircraft programs (e.g., A220, A320, B737, A330, A350, B777, B787).
  • Maintains a global manufacturing presence across three continents, ensuring strategic proximity to customers.
  • Boasts advanced, vertically integrated precision manufacturing capabilities and long-standing relationships with high-entry-barrier global aerospace clients.
  • Employs a significant workforce of over 4,500 individuals (across full-time, contractual, trainee, apprentice, and fixed-term roles) as of September 30, 2025.

Business Model

Aequs Ltd. operates an engineering-led, vertically integrated precision manufacturing business model, primarily centered around the aerospace industry. From its Special Economic Zone (SEZ) in India, the company manufactures critical components and assemblies for a wide range of aerospace applications, including structures, interior and cargo systems, landing gear components, and actuation systems. Its comprehensive product offerings enable participation in significant manufacturing and assembly programs for both single-aisle and long-range commercial aircraft, fostering long-term relationships with leading global aerospace customers.

Beyond aerospace, Aequs has diversified its operations to include manufacturing for the consumer sector, producing items in consumer electronics, plastics, and consumer durables. The company leverages its advanced manufacturing capabilities and presence across three continents to serve a broad customer base efficiently. This global footprint, combined with a founder-led business supported by an experienced management team and a skilled workforce, underpins its operational strength and ability to cater to high-value segments with complex engineering requirements.

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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