
Aequs IPO Details: Everything You Should Know about
Posted by : sachet | Fri Nov 28 2025

Check Expert’s Verdicts on Aequs IPO
The Aequs IPO will be open for bidding from 3rd December 2025 to 5th December 2025. It is a book-building issue of ₹921.81 crore shares. The issue is entirely a fresh issue of 5.40 crore shares. And an offer for sale of 2.03 crore shares. The IPO is expected to be listed on the BSE and NSE with a tentative listing date of 10th December 2025.
Aequs IPO Details
The Aequs IPO is expected to take place from 3rd December 2025 to 5th December 2025. The face value of Aequs IPO shares is ₹10 per share, and the IPO price is set at ₹118 to ₹124 per share.
Kfin Technologies Limited is the registrar of the Aequs IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
Aequs IPO Details
| IPO Open Date | 3rd December 2025 |
| IPO Close Date | 5th December 2025 |
| IPO Allotment Date | 8th December 2025 |
| Refund Initiation | 9th December 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹118 to ₹124 per share |
| Lot Size | 120 Shares |
| Issue Size | 7,43,39,651 shares(aggregating up to ₹921.81 Cr) |
| Fresh Issue | 5,40,32,258 shares(aggregating up to ₹670.00 Cr) |
| Offer for sale | 2,03,07,393 shares of ₹10(aggregating up to ₹251.81 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE and NSE |
| Listing Date | 10th December 2025 |
Aequs IPO Share Reservation
Aequs’ IPO is a book-building issue IPO of ₹921.81 Crore shares. Aequs Limited Shares will be listed on the BSE and the NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered |
| QIB Shares Offered | Not less than 75% of the net offer |
| Retail Shares Offered | Not more than 10% of the net offer |
| NII Shares Offered | Not more than 15% of the net offer |
Aequs IPO GMP
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Aequs IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated L0isting Gains |
| 5-12-2025 | – | – | – | – |
| 4-12-2025 | – | – | – | – |
| 3-12-2025 | ₹124.00 | ₹26.00 | ₹150.00 | 20.97% |
| 2-12-2025 | ₹124.00 | ₹26.00 | ₹150.00 | 20.97% |
| 1-12-2025 | ₹124.00 | ₹26.00 | ₹150.00 | 20.97% |
| 30-11-2025 | ₹124.00 | ₹26.00 | ₹150.00 | 20.97% |
| 29-11-225 | ₹124.00 | ₹26.00 | ₹150.00 | 20.97% |
| 28-11-2025 | ₹124.00 | ₹26.00 | ₹150.00 | 20.97% |
| 27-11-2025 | ₹0.00 | ₹18.00 | ₹150.00 | 0.00% |
As of 3rd December 2025, the Aequs IPO GMP stands at ₹26 per share, indicating that the share is likely to list at ₹150 on its tentative listing date, 10th December 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Aequs IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
Aequs IPO Review

Review the detailed Aequs IPO review for a thorough understanding of its potential to deliver listing gains. The Aequs IPO review will help you invest effectively to avoid significant losses. Explore more to make an informed Investment decision on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s economic performance and trends before applying for the Aequs IPO.
Aequs Limited’s revenue decreased by 3% from ₹988.30 crore in March 2024 to ₹959.21 crore in March 2025. Moreover, the company’s PAT decreased by 619% from -₹14.24 crores to -₹102.35 crores. Investors can analyse other relevant factors and make a decision accordingly.
Aequs Limited’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for Aequs’s IPO on its tentative listing day.
Technical Analysis
Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Aequs IPO
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | -74.71 |
| EPS (Earnings Per Share) | -1.66 |
| RoNW | -14.47 |
| ROCE | 0.87 |
| ROE | -14.30 |
| EBITDA Margin | 11.68% |
| Price to Book Value | 9.94 |
| Market Capitalisation | ₹8,316.06 |
The P/E ratio of Aequs Limited’s shares is -74.71, and its Earnings Per Share (EPS) is -1.66. Thus, the Aequs Limited IPO can deliver gains on its tentative listing day, 10th December 2025
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Aequs Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | -74.71 | -244.92 |
| EPS | -1.66 | -0.51 |
Aequs IPO Subscription Status
The subscription status for the Aequs IPO is yet to be announced. Stay informed on this passage to check the live Aequs IPO subscription status.
| Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
| QIB Shares Offered | Not less than 75% of the net offer | Yet to be announced | Yet to be announced |
| Retail Shares Offered | Not more than 10% of the net offer | Yet to be announced | Yet to be announced |
| NII Shares Offered | Not more than 15% of the net offer | Yet to be announced | Yet to be announced |
About the Aequs Limited Company Overview

Aequs Limited was established 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 aircraft.
Aequs Limited Financials
The company’s financial analysis is essential before applying for Aequs Limited’s IPO. Refer to the table to learn about Aequs Limited’s financial information.
| Year Ended | 30th Sep2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 2,134.35 | 1,859.84 | 1,822.98 | 1,321.69 |
| Revenue | 565.55 | 959.21 | 988.30 | 840.54 |
| Profit After Tax | -16.98 | -102.35 | -14.24 | -109.50 |
| EBITDA | 84.11 | 107.97 | 145.51 | 63.06 |
| Net Worth | 796.04 | 707.53 | 807.17 | 251.91 |
| Reserve and Surplus | 200.43 | 135.09 | -15.31 | -146.15 |
| Total Borrowing | 533.51 | 384.79 | 291.88 | 346.14 |
Explanation
Aequs Limited’s revenue decreased by 3% from ₹988.30 crore in March 2024 to ₹959.21 crore in March 2025. Moreover, the company’s PAT decreased by 619% from -₹14.24 crores to -₹102.35 crores. Investors can analyse other relevant factors and make a decision accordingly.
Aequs IPO Promoter Holdings
Take a look at the table below to review the holdings of Aequs Limited’s promoters. Manjunatha Donthi Venkatarathnaiah, Shubha Manjunatha Donthi, Suhas Donthi Manjunatha and Sumanth Manjunatha Donthi.
| Share Holding Pre-Issue | 64.48% |
| Share Holding Post-Issue | – |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aequs IPO Objectives
The primary objective of the Aequs IPO is to raise ₹921.81 crore. However, before applying for the IPO, it is essential to understand its secondary objectives. Explore them below
Should I Invest in the Aequs IPO?
Explore the pros and cons of Aequs’ IPO to decide whether to apply for it or avoid it. These pros and cons might help you understand the IPO’s potential to deliver profits in the coming decades.
Pros of Aequs IPO
- The company has advanced and vertically integrated precision manufacturing capabilities.
- The company has a long-standing relationship with high-entry-barrier global customers.
- The company has manufacturing presence across three continents with strategic proximity to end customers.
Cons of the Aequs IPO
- The company has recurring losses and no consistent profit yet
- The company has a heavy concentration of revenues in aerospace, and a few customers
- The company has high capital expenditure requirements and execution risk
How to Invest in the Aequs IPO?

Please follow the steps outlined below to apply for a position at Aequs IPO Limited.
- Step 1: Conduct thorough research on the Aequs IPO, including GMP status, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for one lot of 120 shares, valued at ₹14,880.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Aequs IPO across multiple demat accounts to increase your chances of allotment.
How to Check Aequs IPO Allotment Status?
You can check for the Aequs IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Aequs IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Aequs IPO allotment status.
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Final Thoughts
Aequs’ IPO is a Boobuilding IPO of ₹921.81 crore. The shares of Aequs IPO Limited will be listed on the BSE and NSE on its tentative listing date of 10th December 2025. Researching the Aequs IPO, including its GMP status and reviews, is highly recommended to secure the profitability you desire. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Stay informed with Univest to get regular updates on the Aequs IPO, GMP, subscription, and more!
FAQs on Aequs IPO
How is the Aequs IPO?
Ans. As of 3rd December 2025, the Aequs IPO GMP (Grey Market Premium) stands at 26. It indicates that the estimated listing price could be ₹150 per share. It is a book-building IPO of ₹921.81 crore shares. The face value of each share of Aequs IPO Limited is ₹10.
What is Aequs’s IPO price?
Ans. The Aequs IPO price range is ₹118.00 to ₹124.00 per share. Retail investors can apply for a minimum of 1 lot, each consisting of 120 shares, worth ₹14,880. Moreover, HNIs are required to bid for a minimum of 14 lots (1,680 shares) worth ₹2,08,320.
Is the Aequs IPO a good investment?
Ans. Aequs Limited’s revenue decreased by 3% from ₹988.30 crore in March 2024 to ₹959.21 crore in March 2025. Moreover, the company’s PAT decreased by 619% from -₹14.24 crores to -₹102.35 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who will be the registrar of the Aequs IPO?
Ans. According to recent updates, Kfin Technologies Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding the Aequs IPO GMP, allotment, and refund, you can contact Kfin Technologies Limited at aequs.ipo@kfintech.com or 04067162222, 04079611000.
What is the issue size of the Aequs IPO?
Ans. Aequs IPO is a book-building issue of ₹921.81 crore. Moreover, the IPO is set to open on 3rd December 2025 and close on 5th December 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Aequs IPO, wait for the Aequs IPO RHP and Aequs IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.
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