Aequs sets price band for ₹922 crore issue, IPO opens on December 3

Aequs Initiates ₹921.81 Crore IPO, Set to Open for Bidding on December 3

The contract manufacturing firm Aequs, specialising in consumer durable goods and aerospace parts, is gearing up for its initial public offering (IPO). The IPO aims to raise ₹921.81 crore, comprising a fresh issue of shares and an offer for sale (OFS) component.

IPO Details

• Issue Period: December 3 - December 5
• Anchor Bidding: December 2
• Price Band: ₹118 - ₹124 per share
• Minimum Lot Size: 120 shares

Company Overview

Aequs is a precision component manufacturer operating within a single special economic zone in India, offering fully vertically integrated aerospace manufacturing capabilities. The company supplies components for engine systems, landing systems, cargo and interiors, structures, assemblies, and turning.

Use of Proceeds

The net proceeds from the fresh issue will be utilised to:

• Repay outstanding borrowings and prepay penalties at wholly owned subsidiaries AeroStructures Manufacturing India and Aequs Consumer Products
• Purchase machinery and equipment
• Enhance inorganic growth through acquisitions
• Pursue other strategic initiatives
• Meet general corporate purposes

Financial Performance

Aequs has reported a significant improvement in its financial performance for the six months ended September 2025. The loss narrowed to ₹17 crore from ₹71.7 crore in the same period last year, while revenue rose 17% to ₹537.2 crore from ₹459 crore.

Issue Managers

The book running lead managers to the issue are:

• JM Financial
• IIFL Capital
• Kotak Mahindra Capital

IPO Timeline

The IPO allotment will be finalised by December 8, and trading in Aequs shares will begin on the BSE and NSE from December 10.

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