IPO Trending
AEQUSEQ / NSE, BSEListed
Aequs

Aequs is a diversified contract manufacturing company that supports large-scale, timely production of complex products for global aerospace and consumer OEMs. It operates through three engineering-led, vertically integrated precision manufacturing ecosystems in India, offering complete “one-stop-shop” solutions. This setup helps improve quality control, reduce costs, shorten lead times, and lower the overall carbon footprint.

₹118 - ₹124104.28x sub
Listed Price₹140.00
Listing Gain+12.90%

IPO Schedule & Timeline

Bookbuilding IPO
Open03 Dec 2025
Close05 Dec 2025
Allotment08 Dec 2025
Listing10 Dec 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor3,33,80,262 shares
44.9%
QIB2,22,41,733 shares
29.92%
HNI1,11,24,399 shares
14.96%
Retail74,16,266 shares
9.98%
Employee1,76,991 shares
0.24%

Minimum Application Lots

Retail1 Lot (120 shares)
₹14,880
sHNI14 Lots (1,680 shares)
₹2,08,320
bHNI68 Lots (8,160 shares)
₹10,11,840

Company Promoters

Aravind Shivaputrappa MelligeriAequs Manufacturing Investments Private LimitedMelligeri Private Family FoundationThe Melligeri Foundation

Company Background

Aequs is a diversified contract manufacturing company that supports large-scale, timely production of complex products for global aerospace and consumer OEMs. It operates through three engineering-led, vertically integrated precision manufacturing ecosystems in India, offering complete “one-stop-shop” solutions. This setup helps improve quality control, redu...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹565.55 Cr
Growth-32.7%
Revenue Trend (₹ in Crores)
0.0378.8757.71.1kMar-23Mar-24Sep-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-25565.55-16.982,134.35533.51
Mar-25959.21-102.351,859.84437.06
Sep-24475.51-71.701,863.50384.79
Mar-24988.30-14.241,822.98291.88
Mar-23840.54-109.501,321.69346.14

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-250-2.07%1.81%0-244.92
Mar-250-14.30%0.87%-74.710
Mar-240-1.49%2.84%00
Mar-230-40.68%-3.72%00

Peer Comparison & Valuation

Financial Performance

Aequs Limited

NAV/Share (₹)12.47
RONW(%)-14.47
EPS (Basic) (₹)-1.8

Azad Engineering Limited

NAV/Share (₹)234.06
RONW(%)6.21
EPS (Basic) (₹)14.66

Unimech Aerospace and Manufacturing Limited

NAV/Share (₹)141.01
RONW(%)12.48
EPS (Basic) (₹)17.59

Amber Enterprises India Limited

NAV/Share (₹)672.61
RONW(%)10.99
EPS (Basic) (₹)72.01

Kaynes Technology India Limited

NAV/Share (₹)439.85
RONW(%)10.33
EPS (Basic) (₹)45.82

Dixon Technologies (India) Limited

NAV/Share (₹)494.74
RONW(%)47.5
EPS (Basic) (₹)205.7

PTC Industries Limited

NAV/Share (₹)940.03
RONW(%)4.4
EPS (Basic) (₹)41.37

Valuation

Aequs Limited

P/E(X)0
CMP* (₹)0
Face value (₹)10.00

Azad Engineering Limited

P/E(X)115.48
CMP* (₹)1693.00
Face value (₹)2.00

Unimech Aerospace and Manufacturing Limited

P/E(X)55.73
CMP* (₹)980.30
Face value (₹)5.00

Amber Enterprises India Limited

P/E(X)100.40
CMP* (₹)7196.00
Face value (₹)10.00

Kaynes Technology India Limited

P/E(X)129.59
CMP* (₹)5883.50
Face value (₹)10.00

Dixon Technologies (India) Limited

P/E(X)73.87
CMP* (₹)14965.00
Face value (₹)2.00

PTC Industries Limited

P/E(X)417.03
CMP* (₹)17236.00
Face value (₹)10.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
08 Dec 2025
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
10 Dec 2025

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Aequs. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization08 Dec 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date10 Dec 2025Trading commences on exchange

How to Check Aequs Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Aequs from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Aequs IPO

Complete issue overview for Aequs (AEQUS) IPO. The issue features an equity share price band of ₹118 – ₹124 per share with a minimum retail lot size of 120 Shares (minimum application amount of ₹14,880). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions