The Aequs IPO opened on December 3, 2025, with a price band of ₹118–₹124 per share, aiming to raise about ₹922 crore. It will close on December 5, 2025, and list on NSE & BSE on December 10, 2025.
Key IPO Details
- Company: Aequs Ltd.
- Industry: Precision manufacturing (aerospace components, consumer electronics, plastics, durable products).
- Issue Size: ₹921.81 crore
- Fresh issue: ₹670 crore (5.40 crore shares)
- Offer for Sale (OFS): ₹251.81 crore (2.03 crore shares)
- Price Band: ₹118 – ₹124 per share
- Lot Size: 120 shares (minimum investment ~₹14,880 at upper band)
- Subscription Window: Dec 3 – Dec 5, 2025
- Allotment Date: Dec 8, 2025
- Listing Date: Dec 10, 2025 (NSE & BSE)
- Investor Quota: QIB – 75%, Retail – 10%, NII – 15%
Business Overview
- Core Strength: India’s only precision component manufacturer operating from a single Special Economic Zone (SEZ) with vertically integrated facilities.
- Aerospace Focus: Supplies precision parts to Boeing and Airbus, ensuring stable demand.
- Diversification: Also manufactures consumer electronics, plastics, and durable products.
- Financials:
- Revenue FY25: ₹959.21 crore (slight dip from ₹988.30 crore in FY24).
- Net Loss FY25: ₹102.35 crore (vs. ₹14.24 crore loss in FY24).
- IPO proceeds will be used for debt repayment and expansion, expected to improve profitability.
Grey Market Premium (GMP)
- GMP reported around ₹10–12 per share, suggesting a ~8–10% premium over issue price.
- Expected listing price: ~₹134 per share (vs. ₹124 upper band).
Future Performance Projected!
Analyst projections suggest Aequs Ltd. shares could trade between ₹110 – ₹160 in 2026, with long-term potential reaching ₹250–₹300 by 2030, depending on aerospace demand and debt reduction.
Aequs Share Price Outlook
Near-Term (2026)
- Expected Range: ₹110 – ₹160 per share.
- Drivers:
- Strong order book from Airbus, Boeing, and Safran.
- Expansion of precision manufacturing in Belagavi SEZ.
- IPO proceeds used for debt repayment, improving balance sheet.
- Risks:
- Current losses (₹102 crore in FY25) may weigh on valuations.
- Global aerospace cycles and raw material costs.
Medium-Term (2027–2028)
- Projection: ₹180 – ₹220 per share.
- Catalysts:
- Recovery in profitability as debt burden reduces.
- Diversification into consumer electronics and plastics.
- India’s growing role in global aerospace supply chains.
Long-Term (2030)
- Projection: ₹250 – ₹300 per share.
- Growth Story:
- Aerospace demand expected to rise with global fleet expansion.
- Vertically integrated SEZ operations give Aequs cost advantage.
- Partnerships with global OEMs ensure steady revenue streams.
Takeaway
Aequs’ future share projection shows moderate recovery in 2026 (₹110–₹160), with stronger upside in the medium term as debt reduces and aerospace demand grows. By 2030, analysts expect ₹250–₹300, making it a potential long-term growth stock in India’s precision manufacturing and aerospace sector
Summary!
The Aequs IPO is a significant industrial offering, backed by strong aerospace demand and global clients like Boeing and Airbus. While financials show recent losses, the IPO aims to strengthen balance sheets and fuel growth. With a modest GMP premium, it may appeal to investors seeking long-term exposure to aerospace and precision manufacturing.