Aequs Limited
Minimum investment
Bidding date
03 Dec - 05 Dec 2025
Price range
₹120 - ₹124
Minimum quantity
120
Minimum investment
₹14,160
Issue size
₹921.81 Cr.
IPO doc (link)
RHP docsListing exchange
NSE/BSE
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 59.09x |
Retail Individual Investor | 53.96x |
Non-Institutional Investor | 48.81x |
Others | - |
Total | 53.96x |
Aequs Ltd., incorporated in 2000, is a precision manufacturing company primarily focused on the aerospace sector. The company operates a Special Economic Zone (SEZ) in India equipped with vertically integrated end-to-end manufacturing capabilities. Its product range includes components for engine systems, landing gear, interior systems, structures, assemblies, and aerospace actuation systems. Over the years, Aequs has diversified beyond aerospace and expanded into consumer electronics, plastics, and consumer durables manufacturing. As of September 30, 2025, the company manufactured over 5,000 aerospace products for global programs, including A220, A320, B737, A330, A350, B777, and B787 aircraft. The company operates across three continents and works closely with leading global aerospace clients. Aequs employs over 1,892 full-time staff along with additional contractual, trainee, apprentice, and fixed-term employees.
Vertically Integrated Manufacturing Model: The company operates a fully integrated precision manufacturing ecosystem, enabling cost efficiency, streamlined production, and faster delivery timelines.
Diversified Business Operations: Aequs has expanded beyond aerospace and now operates across multiple sectors including consumer electronics, plastics, and consumer durables, reducing dependency on a single industry.
Strong Global Client Relationships: The company has long-term business associations with global aerospace leaders, which enhances business visibility, stability, and future growth potential.
Strategic Manufacturing Presence: Its facilities are spread across multiple continents and strategically located close to major aerospace markets, improving logistics and client accessibility.
High-Value Product Portfolio: The company offers a wide portfolio of precision-engineered and high-value aerospace and industrial components, making it competitive in niche manufacturing segments.
Experienced Leadership Team: Aequs is led by an experienced founder and supported by a skilled management team and qualified workforce, contributing to strong operational execution.
Financial Performance Concerns: The company has reported losses in recent financial years, which may affect investor confidence and future valuation performance.
High Dependence on Borrowings: A significant part of the company’s balance sheet includes borrowings, which may affect profitability and create repayment pressure.
Sector Dependency Risk: Since the aerospace industry is cyclical and sensitive to global events, business performance may fluctuate depending on industry demand.
Execution and Expansion Challenges: The company's diversification and expansion strategies may require long-term investment and may take time before generating meaningful returns.
Competitive Market Environment: The precision manufacturing sector is highly competitive globally, and pricing pressure from international players may impact margins and growth.
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