Aequs IPO
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Aequs IPO details
Schedule of Aequs
| Issue open date | 03 Dec 2025 |
| Issue close date | 05 Dec 2025 |
| UPI mandate deadline | 05 Dec 2025 (5 PM) |
| Allotment finalization | 08 Dec 2025 |
| Refund initiation | 09 Dec 2025 |
| Share credit | 09 Dec 2025 |
| Listing date | 10 Dec 2025 |
| Mandate end date | 20 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 07 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 08 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Aequs
Aequs Limited is a precision manufacturing company promoted by Aravind Shivaputrappa Melligeri, Aequs Manufacturing Investments Private Limited, and the Melligeri Private Family Foundation. With over two decades of experience, the company operates across the Aerospace and Consumer segments.
Aequs delivers integrated machining, forging, surface treatment, assembly, engineered plastics, toys, cookware, and electronic components. It runs large-scale manufacturing ecosystems across three clusters in India—Belagavi, Hubballi, and Koppal—and facilities in France and the U.S.
The company is India’s only precision component manufacturer with fully integrated aerospace capabilities within a single SEZ. It supports major global aircraft programs through end-to-end manufacturing, co-located suppliers, selective outsourcing, and scalable infrastructure. Aequs is backed by strong OEM partnerships, certified quality systems, advanced technology adoption, and a proven track record of performance and innovation.
Financials of Aequs
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 921.81 |
| Fresh Issue – Proceeds go to the company | 670 |
| Offer for sale – Proceeds go to the existing investors | 251.81 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment / Prepayment of Borrowings | 433.17 (64.64%) |
| Funding Capital Expenditure | 64 (9.55%) |
| Inorganic Growth / Acquisitions / Strategic Initiatives | 75 (11.19%) |
| General Corporate Purposes | 97.83 (14.62%) |
Strengths
- Vertically integrated aerospace ecosystem offering end-to-end manufacturing.
- Strong global presence with facilities in India, France, and the U.S.
- Long-term relationships with major global OEMs across aerospace and consumer segments.
- Proven capability across machining, forging, surface treatment, plastics, toys, and electronics.
- Large, scalable cluster-based manufacturing setup enabling cost and delivery efficiency.
Risks
- High dependence on the aerospace sector and a limited number of large customers.
- Exposure to global economic cycles, geopolitical risks, and supply-chain disruptions.
- Significant working capital and capital expenditure requirements.
- Foreign exchange fluctuations may impact revenues and margins.
- Any production delays or quality issues could affect customer contracts and reputation.
Allotment Status for Aequs
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Aequs
As per media reports (Link), the Grey Market Premium (GMP) of Aequs is reported at ₹44 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on December 03, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 222.42 | 150.15 | 0.68x |
| NII | 111.24 | 392.82 | 3.53x |
| Retail | 74.16 | 884.85 | 11.93x |
| Employees | 1.77 | 12.60 | 7.12x |
| Total | 409.59 | 1440.41 | 3.52x |