AEQUS IPO
A Glimpse into the AEQUS Public Offering
| IPO Period | 03rd – 05th Dec 2025 |
|---|---|
| Listing on | 10 Dec 2025 |
| Price Band | ₹118 – ₹124 |
| Lot Size & Minimum Investment | 120 shares — ₹14,880 |
| Total Issue Size | ₹921 Crores |
AEQUS Limited, a significant player in precision manufacturing, is preparing for its Initial Public Offering, scheduled from December 3 to December 5, 2025. This public issue, with a price band of ₹118 to ₹124 per equity share, aims to raise ₹921 Crores. Investors can apply for a minimum lot of 120 shares, translating to an investment of ₹14,880. The IPO is set to list on December 10, 2025, offering a strategic opportunity for those looking to invest in a company with robust capabilities in the aerospace and consumer manufacturing sectors.
Important Dates for AEQUS IPO Participants
Prospective investors should take note of the crucial dates related to the AEQUS IPO to ensure timely participation and tracking of their application:
- Opening Date: 03 Dec 2025
- Closing Date: 05 Dec 2025
- UPI Payment Deadline: 05 Dec 2025 (5 PM)
- Allotment Announcement: 08 Dec 2025
- Refund Processing: 09 Dec 2025
- Demat Credit: 09 Dec 2025
- Stock Market Listing: 10 Dec 2025
- Mandate Validity End: 20 Dec 2025
- Anchor Investor Lock-in Release (50%): 07 Jan 2026
- Anchor Investor Lock-in Release (Remaining): 08 Mar 2026
*Dates may be revised as per official updates. Investors are advised to refer to the official RHP for the most accurate and updated information.
Unveiling AEQUS: A Leader in Precision Manufacturing
Aequs Limited, promoted by Aravind Shivaputrappa Melligeri, Aequs Manufacturing Investments Private Limited, and the Melligeri Private Family Foundation, brings over two decades of expertise to the precision manufacturing industry. The company operates across key sectors, predominantly aerospace and consumer segments, delivering integrated solutions. Its extensive service portfolio includes advanced machining, precision forging, surface treatment, assembly, engineered plastics, and the production of diverse consumer goods like toys, cookware, and electronic components.
AEQUS maintains large-scale manufacturing ecosystems across three Indian clusters—Belagavi, Hubballi, and Koppal—complemented by international facilities in France and the U.S. Notably, AEQUS is recognized as India’s only precision component manufacturer with fully integrated aerospace capabilities within a single Special Economic Zone (SEZ). This unique advantage allows it to support major global aircraft programs through end-to-end manufacturing, fostering co-located suppliers and scalable infrastructure. The company’s success is built on strong OEM partnerships, certified quality systems, advanced technology adoption, and a proven track record of performance and innovation in complex manufacturing environments.
Dissecting the IPO’s Financial Structure
The AEQUS IPO is designed to raise a total of ₹921.81 Crores, which will be strategically deployed to bolster the company’s growth and operational strength. This capital infusion is segmented into two main components:
| Total Funds Raised | ₹921.81 Crores |
|---|---|
| Fresh Issue Component | ₹670 Crores |
| Offer for Sale Component | ₹251.81 Crores |
The Fresh Issue of ₹670 Crores will directly infuse capital into AEQUS, earmarked for corporate growth initiatives and debt reduction. The Offer for Sale (OFS) component of ₹251.81 Crores represents shares sold by existing shareholders, with proceeds going to them. This dual structure facilitates both company funding and liquidity for early investors.
Where Will the Funds Be Utilized?
The capital generated from the fresh issue component of the AEQUS IPO is allocated towards key strategic objectives to enhance the company’s financial stability and drive future expansion. The planned utilization is as follows:
| Objective | Amount (INR Crores) | Allocation % |
|---|---|---|
| Repayment / Prepayment of Borrowings | 433.17 | 64.64% |
| Funding Capital Expenditure | 64.00 | 9.55% |
| Inorganic Growth / Acquisitions / Strategic Initiatives | 75.00 | 11.19% |
| General Corporate Purposes | 97.83 | 14.62% |
A significant portion is dedicated to debt repayment, aiming to strengthen the balance sheet. Funds are also allocated for capital expenditure to upgrade facilities, alongside provisions for inorganic growth opportunities and general corporate needs, ensuring operational flexibility and strategic advancement.
Distinct Advantages of AEQUS in the Market
AEQUS Limited possesses several competitive strengths that underpin its market position and potential for growth:
- Vertically Integrated Aerospace Ecosystem: Operates India’s only precision component manufacturing SEZ with fully integrated aerospace capabilities, ensuring end-to-end control and efficiency.
- Strong Global Presence: Manufacturing facilities across India, France, and the U.S. provide a diversified operational footprint and enhanced international market access.
- Long-term Relationships with Major Global OEMs: Sustained partnerships with leading OEMs in aerospace and consumer segments attest to reliability and consistent quality, providing a stable revenue base.
- Proven Diverse Manufacturing Capability: Expertise spanning machining, forging, surface treatment, plastics, toys, and electronics makes AEQUS a versatile solutions provider.
- Scalable Cluster-based Manufacturing: A unique cluster model optimizes costs, improves delivery, and allows flexible scaling of operations to meet demand effectively.
Understanding the Associated Investment Risks
Investors considering the AEQUS IPO should be aware of the following potential risk factors:
- Dependence on Aerospace Sector and Limited Customers: A high concentration of business in the aerospace sector and reliance on a few large customers poses risks from industry downturns or client contract changes.
- Exposure to Global Economic & Geopolitical Risks: Operations are vulnerable to global economic cycles, geopolitical instability, and supply-chain disruptions, which could impact demand and costs.
- Significant Capital & Working Capital Requirements: The capital-intensive nature of precision manufacturing necessitates substantial investments, potentially straining financial resources.
- Foreign Exchange Fluctuations: International operations expose the company to currency volatility, which can negatively affect revenues and margins when converted to INR.
- Production & Quality Issues: Delays, missed deadlines, or quality control failures could lead to penalties, reputational damage, and loss of customer contracts in a demanding industry.
Current Investor Interest: AEQUS IPO Subscription Status
The subscription figures provide an indication of market demand and investor enthusiasm for the AEQUS IPO. As of the latest update during the subscription period, the issue has attracted varying levels of interest across different investor categories. These numbers are dynamic and reflect real-time investor participation.
| Investor Category | Shares Reserved (Lakhs) | Shares Applied (Lakhs) | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 222.42 | 165.90 | 0.75x |
| Non-Institutional Investors (NII) | 111.24 | 1941.79 | 17.46x |
| Retail Individual Investors (RII) | 74.16 | 2540.84 | 34.26x |
| Employees | 1.77 | 28.44 | 16.07x |
| Total | 409.59 | 4676.97 | 11.42x |
*Subscription statistics are dynamic and may change. Exchange data provides the most reliable indicators of IPO interest.
Participating in the AEQUS IPO: A Guide
To participate in the AEQUS IPO, ensure you have a valid demat and trading account. Investors can apply via the official Dhan Kirti IPO platform before the subscription closes on December 05, 2025. Follow the steps on the platform to select the IPO, enter your bid details, and authorize the payment mandate through your UPI ID. Timely application is key to securing your participation in this offering.
