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02 Dec 2025
Aequs, a contract manufacturing firm, has announced that it has raised ₹414 crore from anchor investors ahead of its initial public offering (IPO). The company allocated a total of 3.34 crore equity shares to 33 funds to the anchor investors at an allocation price of ₹124 per share, raising ₹413.92 crore.
The Aequs IPO opens for subscription on Wednesday, December 3, and will close on Friday, December 5. The price band has been set at ₹118-124 per share for the issue. Aequs IPO size is ₹921.81 crore.
The funds from the fresh issue will be allocated to repaying loans taken by the company and its two subsidiaries, AeroStructures Manufacturing India and Aequs Consumer Products. They will also be used to purchase machinery and equipment for both the company and AeroStructures, as well as to support future growth through potential acquisitions, strategic initiatives, and meeting other corporate needs.
On Tuesday, December 2, the grey market premium (GMP) of the Aequs IPO stood at ₹45 per share. With the upper price band at ₹124 per share, the company's shares are expected to be listed at ₹169, representing a premium of 36%, according to data from IPO India.
Aequs primarily operates within the aerospace sector; however, over time, it has expanded its product range to include consumer electronics, plastics, and consumer goods. Its consumer products include cookware and small home appliances, while its plastics range features outdoor toys, figurines, toy vehicles, and parts for consumer electronics, such as portable computers and smart devices.
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