Aequs IPO

Aequs IPO is a book-building issue of ₹921.81 crores that is a combination of a fresh issue of ₹670 crores and an offer for sale of ₹251.81 crores. The price band is set at ₹118 to ₹124 per share and the lot size for an application is 120. The minimum amount of investment required by an individual investor is ₹14,880 (120 shares). The IPO opens for subscription on December 3, 2025 and closes on December 5, 2025, on the platforms of BSE, NSE, with a tentative listing date fixed as December 10, 2025.

Company Background

Aequs Ltd. was incorporated in 2000 and it is engaged in manufacturing in India's Belagavi SEZ, evolving into a vertically integrated contract manufacturer for aerospace giants. Headquartered in Karnataka, this company has expanded from aerostructures to consumer electronics, plastics and durables, producing over 5,000 aerospace products across programs like A320, B737 and B787 as of September 2025. The production and reach make Aeques Ltd. India's largest aerospace product portfolio holder.​

Operations And Product Range

Facility & Production

Aequs Ltd. operates a SEZ in Karnataka, India's first precision engineering hub across 10 units. This company features 200+ CNC machines, 161 injection molding machines, forging presses, surface treatment plants and NDT facilities for end-to-end aerospace production from raw materials. Worldwide facilities add specialized aerospace capabilities for titanium/aluminum components like engine parts and landing gear.​​

Brands & Market Presence

Aequs Ltd. serves global OEMs as well as consumer brands like Hasbro and Tramontina. It dominates India's aerospace manufacturing with vertical ecosystems and diversification into electronics/durables products. Strong presence in North America and Northern Europe via acquisitions that ensure long-term contracts and high entry barriers.

Revenue Channels

• • The primary source of revenue is the aerospace segment from precision components.
• • Revenue from consumer electronics components from brands and durable charge fees.
• • Plastics and molding revenue from consumer goods and leveraging machines.
• • Revenue from special surface treatments and high-margin segments.

Management And Shareholding

Promoters & Shareholding

Aequs Ltd. promoters are not only experienced but also very practical about the growth of the company and they collectively hold 64.48%-65.06% pre-IPO equity. The OFS includes sales by AMIPL, foundations, Amicus Capital (7.5% via funds) and others like Steadview, reducing promoter stake post-IPO while maintaining control. This structure reflects a strong family-led commitment with private equity backing for growth.

Broad Members

This company’s Chairman & CEO leads this company with 20+ years in aerospace (FY25 remuneration ₹4.4 Cr), while their MD handles operations. The board includes independent directors with expertise in finance, governance and manufacturing, ensuring strategic oversight and compliance that work on the growth and expansion of the company.