Aequs IPO worth ₹921.81 Cr will open for subscription from 3 Dec to 5 Dec 2025. Aequs IPO allotment is expected on 8 Dec and shares are likely to be listed on BSE & NSE on 10 Dec. Price band for the IPO is set between ₹118 to ₹124 per share and Aequs IPO GMP today stands at 35.8%
Aequs IPO GMP Live Rates Day by Day
Aequs IPO GMP today (1st Dec 2025) stands at 35.8%. GMP values change daily and we’ll keep you updated with the latest figures.
Remember, Grey Market Premium is an unofficial price at which an IPO trades before listing, offering an early hint of its performance. A positive GMP indicates potential gains, while a negative GMP signals a discount. Since GMP is highly volatile, investors should not rely on it alone and must consider other factors before investing in Aequs IPO.
GMP figures are for news purposes only. We neither trade nor recommend trading in the grey market.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit |
|---|---|---|---|---|
| 9-12-2025 | ₹ 124 | ₹ 28 | ₹152 (22.58%) | ₹ 3,360 |
| 8-12-2025 | ₹ 124 | ₹ 34 | ₹158 (27.42%) | ₹ 4,080 |
| 7-12-2025 | ₹ 124 | ₹ 37 | ₹161 (29.84%) | ₹ 4,440 |
| 6-12-2025 | ₹ 124 | ₹ 39 | ₹163 (31.45%) | ₹ 4,680 |
| 5-12-2025 | ₹ 124 | ₹ 43 | ₹167 (34.68%) | ₹ 5,160 |
| 4-12-2025 | ₹ 124 | ₹ 41 | ₹165 (33.06%) | ₹ 4,920 |
| 3-12-2025 | ₹ 124 | ₹ 45.5 | ₹169.5 (37.50%) | ₹ 5,460 |
| 2-12-2025 | ₹ 124 | ₹ 46.5 | ₹170.5 (37.50%) | ₹ 5,580 |
| 1-12-2025 | ₹ 124 | ₹ 44.5 | ₹168.5 (35.89%) | ₹ 5,340 |
| 30-11-2025 | ₹ 124 | ₹ 43 | ₹167 (34.68%) | ₹ 5,160 |
| 29-11-2025 | ₹ 124 | ₹ 43 | ₹167 (34.68%) | ₹ 5,160 |
| 28-11-2025 | ₹ 124 | ₹ 40 | ₹164 (32.26%) | ₹ 4,800 |
Aequs IPO Details
- Aequs IPO’s is worth ₹921.81 Cr, which is a combination of fresh issue of ₹670 Cr and OFS of ₹251.81 Cr.
- Aequs IPO’s will open for subscription on 3 Dec 2025 and close on 5 Dec 2025. And the price band is set between ₹118- ₹124.
- Aequs IPO’s allotment is likely to take place on 8 Dec 2025 and the shares are expected to be listed on BSE and NSE on 10 Dec 2025.
- The promoters currently hold 64.48 %, which will come down after the IPO listing.
- Kfin Technologies will be the registrar for Aequs IPO's.
Aequs IPO Dates
Here are some important dates for Aequs IPO.
| IPO Open Date | 03-Dec-25 |
| IPO Close Date | 05-Dec-25 |
| IPO Allotment Date | 08-Dec-25 |
| Initiation of Refunds | 09-Nov-25 |
| Demat Credits | 09-Nov-25 |
| Listing Date | 10-Nov-25 |
| Listing on | BSE, NSE |
Aequs IPO Reservation
For Aequs IPO, 10% has been reserved for retail investors.
| Investor Category | Shares Offered |
|---|---|
| QIB Investors | 75% |
| Retail Investors | 10% |
| NII (HNI) Investors | 15% |
Aequs IPO Lot Size
Retail investors can apply for a minimum of 1 lot, which includes 120 shares costing ₹14,880. Maximum investment allowed for retail investors is 13 lots, which totals 1560 shares and costs ₹1,93,440.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹ 14,880 |
| Retail (Max) | 13 | 1,560 | ₹ 1,93,440 |
| S-HNI (Min) | 14 | 1,680 | ₹ 2,08,320 |
| S-HNI (Max) | 67 | 8,040 | ₹ 9,96,960 |
| B-HNI (Min) | 68 | 8,160 | ₹ 10,11,840 |
About Aequs IPO
Aequs Ltd., founded in 2000, is a manufacturing company that also operates a Special Economic Zone (SEZ) in India. It offers fully integrated production facilities mainly for the aerospace industry.
The company makes a wide range of aerospace parts, including components used in engines, landing gear, aircraft interiors, cargo systems, and structural assemblies. Although aerospace is its core business, Aequs has gradually expanded into consumer electronics, plastics, and durable goods.
As of September 30, 2025, Aequs has manufactured more than 5,000 aerospace products. These products support several major aircraft programs for both single-aisle aircraft (A220, A320, B737) and long-range aircraft (A330, A350, B777, B787).
Aequs IPO Financial Performance
Aequs IPO reported PAT of ₹138.69 Cr on 31 March 2025 and in FY24 reported ₹133.15 Cr. Over the past 3 years, the company’s PAT has been continuously growing. All financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹Cr) | 1,859.84 | 1,822.98 | 1,321.69 |
| Total income (₹Cr) | 959.21 | 988.3 | 840.54 |
| PAT (₹Cr) | -102.35 | -14.24 | -109.5 |
| EBITDA (₹Cr) | 107.97 | 145.51 | 63.06 |
| Net Worth (₹Cr) | 707.53 | 807.17 | 251.91 |
| Reserves and Surplus (₹Cr) | 135.09 | -15.31 | -146.15 |
| Total Borrowing (₹Cr) | 437.06 | 291.88 | 346.14 |
| PAT Margin (%) | (11.07) | (1.48) | -13.48 |
| ROE (%) | (14.30) | -1.49 | -40.68 |
| ROCE (%) | 0.87 | 2.84 | -3.72 |
| Debt/Equity | 0.99 | 0.55 | 2.54 |
Aequs IPO Peer Comparison from RHP
Aequs IPO has the lowest EPS compared to its peers. Higher EPS is always considered better. Below is a quick comparison of Aequs vs Azad Engineering.
| Company | EPS Diluted (₹) | P/E (x) |
|---|---|---|
| Aequs | -1.8 | - |
| Azad Engineering | 14.66 | 115.48 |
| Unimech Aerospace And Manufacturing | 17.59 | 55.73 |
| Amber Enterprises India | 71.67 | 100.4 |
| Kaynes Technology India | 45.4 | 129.59 |
| Dixon Technologies (India) | 202.58 | 73.87 |
| Ptc Industries | 41.33 | 417.03 |
Aequs IPO Strengths and Weaknesses
Knowing about the strengths and weaknesses of Aequs IPO helps you make an informed decision.
- The company has modern, fully integrated facilities that can handle complex precision manufacturing from start to finish.
- Its operations are built around a specialized ecosystem where different engineering and manufacturing units work together efficiently.
- Aequs operates across three continents, placing its manufacturing units near major customers to reduce costs and improve delivery timelines.
- The company produces a broad portfolio of precision components used in important and high-demand industries, especially aerospace.
- Despite diversification, a large portion of revenue still depends on the aerospace industry. Any slowdown in this sector could impact growth.
- Precision manufacturing requires heavy investments in machinery, technology, and skilled labour, leading to high fixed costs.
- Aerospace manufacturing involves longer approval and production timelines, which may delay revenue realization.
- Precision manufacturing requires highly skilled employees. Any shortage of talent can affect operations and quality.
Aequs IPO GMP FAQs
What is Aequs IPO GMP Today?
Aequs IPO GMP today is ₹43.
What are Aequs IPO Expected Returns?
Aequs IPO Expected Returns are 35%, as of 1st Dec, this may change in the coming days.
When will Aequs IPO open and close?
Aequs IPO’s will open for subscription on 3 Dec 2025 and close on 5 Dec 2025.
What is the lot size for Aequs IPO?
Retail Investors can bid for a minimum of 1 lot, which includes 120 shares. And one lot will cost you ₹14,880.
What is the share allotment date for Aequs IPO?
The allotment of shares is expected to be completed by 8 Dec 2025.
Who is the registrar of Aequs IPO?
Kfin Technologies is the registrar for Aequs IPO’s.
Is Aequs IPO good to buy?
Aequs IPO may not attract investors due to its negative PAT and weak ROE & ROCE.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
