Company seeks ₹921.81 crore to fund expansion, debt repayment, and strategic growth
Aequs Limited, a contract manufacturing firm with capabilities across aerospace components and consumer durables, will launch its initial public offering (IPO) next week, marking the first mainboard listing of December. The company plans to raise ₹921.81 crore through a combination of a fresh issue of shares and an Offer for Sale (OFS).
As part of the OFS, promoters and existing investors — including Melligeri Private Family Foundation, Aequs Manufacturing Investments, Amicus Capital, and Dempo Family Trusts — will sell 2.03 crore shares. The IPO will be managed by JM Financial, IIFL Capital, and Kotak Mahindra Capital as book-running lead managers.
IPO Timeline & Pricing
| Event | Details |
| Subscription Window | December 3–5, 2025 |
| Anchor Book | December 2, 2025 |
| Price Band | ₹118–₹124 per share |
| Lot Size | 120 shares (and multiples thereafter) |
| Total Issue Size | ₹921.81 crore |
Utilisation of Funds
Proceeds from the fresh issuance will be directed toward:
- Repayment and prepayment of borrowings at subsidiaries
- Capital expenditure for new equipment and machinery
- Potential acquisitions
- General corporate purposes
About the Company
Headquartered in Karnataka, Aequs operates as India’s only precision component manufacturer offering end-to-end aerospace production within a single SEZ ecosystem. Its portfolio includes aircraft engine parts, landing systems, structural components, and consumer durable assemblies.
Financial Snapshot
| Metric | H1 FY26 | H1 FY25 | FY25 | FY24 |
| Revenue | ₹537.2 crore | — | ₹924.6 crore | — |
| Net Profit/Loss | ₹–17 crore | ₹–71.7 crore | ₹–102.3 crore | ₹–10.8 crore |
Despite narrowing losses in the latest half-year period, the company reported a significantly wider annual loss in FY25, accompanied by a slight decline in revenue.
Summary:
Aequs Limited will open its ₹921.81 crore IPO on December 3 with a price band of ₹118–₹124 per share and a lot size of 120 shares. The issue includes a fresh share offering and a 2.03 crore-share OFS. Funds raised will support debt repayment, capex, and strategic investments. The Karnataka-based precision manufacturing firm has shown improving half-year performance but remains loss-making.
Disclaimer:
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