Aequs Limited IPO
Aequs Limited IPO
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Aequs Limited's successfully completed its Initial Public Offering and commenced trading on 10-12-2025 at the NSE, BSE exchange. The company raised 7,43,39,651 Shares through this public offering, comprising 5,40,32,258 Shares in fresh capital and ₹251.81 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹118 to ₹124, with minimum application lots of 120 shares. The offering attracted significant investor interest during its subscription period from 03-12-2025 to 05-12-2025.
Share allotment was finalized on 08-12-2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Aequs Limited IPO About Company
Aequs is a diversified contract manufacturing company that supports large-scale, timely production of complex products for global aerospace and consumer OEMs. It operates through three engineering-led, vertically integrated precision manufacturing ecosystems in India, offering complete “one-stop-shop” solutions. This setup helps improve quality control, reduce costs, shorten lead times, and lower the overall carbon footprint.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Aequs Limited IPO Strength Factors
- Advanced, Integrated Manufacturing Capabilities : The company provides complete aerospace manufacturing within a single SEZ, offering machining, forging, surface treatment, and assembly. With over 2.9 million machining/molding hours and a large base of CNC and molding machines, it delivers high-precision, complex components at scale.
- Engineering-Driven Ecosystem Advantage : Aequs has built specialized, vertically integrated precision manufacturing ecosystems over two decades. These tightly connected supplier–customer networks create strong entry barriers and offer advantages in quality, cost efficiency, and on-time delivery.
- Strong Global Customer Relationships : Long-term partnerships with major global OEMs—including Airbus, Boeing, Safran, Collins Aerospace, Hasbro, and Tramontina—provide stable revenue. Top customer groups have maintained 15-year relationships on average, ensuring consistent demand and access to large international markets.
Aequs Limited IPO Risk Factors
- Uncertain Customer Order Volumes : OEM contracts are requirement-based, meaning order quantities are not fixed and can be reduced, changed, or cancelled. Any drop in customer demand or cancellation of orders can directly affect revenue, operations, and cash flow.
- High Capital Investment Needs : The business depends on continuous, large-scale investments in machinery, equipment, and production lines. If the company faces challenges in securing adequate funding, its manufacturing capacity and financial performance may be negatively impacted.
- Capacity Utilization & Operational Risks : With multiple clusters in India and facilities overseas, the company may not always sustain optimal capacity utilization. Any slowdown, disruption, or shutdown in operations could affect overall performance, financial health, and cash flows.
Aequs Limited IPO Lead Manager(s)
- IIFL Securities Limited
- Jm Financial Limited
- Kotak Mahindra Capital Company
Aequs Limited IPO Promoter(s)
- Aravind Shivaputrappa Melligeri
- Aequs Manufacturing Investments Private Limited
- Melligeri Private Family Foundation
- The Melligeri Foundation
Aequs Limited IPO FAQs
Aequs Limited IPO subscribed 104.28 times. The public issue subscribed 80.95 times in the retail category,122.93times in QIB, and 79.86 times in the HNI (10+) category byDecember 10, 2025 5:00:03 AM (Day 10).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Aequs Limited IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Aequs Limited IPO FAQs
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