#AequsIPO #AerospaceManufacturing #MakeInIndia #PrecisionEngineering #GlobalSupplyChain #IPOIndia #BSE #NSE #DecemberIPOs
Chandigarh: – Aequs Limited, a globally integrated precision engineering and manufacturing company, has announced the price band for its Initial Public Offering (IPO). The public issue, aiming to raise approximately ₹922 crore at the upper band, is set to open for subscription on Wednesday, December 3, 2025, marking a significant milestone for India’s high-value manufacturing sector.
The price band for the equity shares has been fixed at ₹118 to ₹124 per share, with the floor price being 11.80 times and the cap price being 12.40 times the face value of ₹10 per share. This offering will coincide with the launches of two other mainboard IPOs, Vidya Wires and Meesho, highlighting the buoyant state of the Indian primary market.
🔩 Vertically Integrated Manufacturing Powerhouse
Aequs is a unique player in the Indian industrial landscape, operating as a diversified contract manufacturer with a strong specialization in the high-entry-barrier Aerospace sector. The company is known for its vertically integrated manufacturing ecosystems established within a single Special Economic Zone (SEZ) in Belagavi, Karnataka. This unique structure allows Aequs to offer end-to-end solutions, from forging and precision machining to surface treatment and final assembly, for complex components.
The company’s core product portfolio, comprising over 5,000 components, serves global Original Equipment Manufacturers (OEMs) and system integrators across major aircraft programs like the Airbus A320 and Boeing 737, focusing on:
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Engine Systems
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Landing Systems
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Aircraft Structures
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Cargo and Interior Assemblies
Beyond aerospace, Aequs leverages its precision manufacturing capabilities to diversify into Consumer Goods, including plastics, consumer durables, and components for consumer electronics like portable devices and small home appliances.
💰 Issue Structure and Utilisation of Funds
The ₹921.81 crore IPO is a blend of a fresh issue and an Offer for Sale (OFS), with the fresh issue being the dominant component:
| Component | Size (at upper band) | Details |
| Fresh Issue | ₹670 crore (₹6,700 million) | Proceeds go to the company for expansion and debt reduction. |
| Offer For Sale (OFS) | ₹251.81 crore | Sale of up to 2.03 crore shares by promoters and existing investors (including Amicus Capital). |
| Total Issue Size | Approx. ₹921.81 crore | – |
The net proceeds from the fresh issue will be strategically utilized to shore up the company’s financial structure and fuel expansion:
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Debt Reduction: Approximately ₹433 crore is earmarked for the repayment or prepayment of certain outstanding borrowings by Aequs and its subsidiaries (including AeroStructures Manufacturing India and Aequs Consumer Products).
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Capital Expenditure: Funds will be used for the purchase of essential machinery and equipment to enhance capacity, particularly in the high-demand aerospace segment.
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Strategic Growth: A portion of the remainder will be used to fund inorganic growth through unidentified acquisitions, other strategic initiatives, and general corporate purposes.
🗓️ Investor Timeline and Allocation
The offer will be open for three days, from December 3 to December 5, 2025. Anchor investors will be able to place their bids one day prior, on December 2, 2025.
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Minimum Bid Lot: Investors can bid for a minimum of 120 Equity Shares, with a minimum investment of ₹14,880 at the upper price band.
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Allocation: Not more than 75% of the Net Offer is reserved for Qualified Institutional Buyers (QIBs), not more than 15% for Non-Institutional Investors (NIIs), and not more than 10% for Retail Individual Investors (RIIs).
The shares of Aequs are proposed to be listed on both the BSE and the NSE, with the listing date tentatively scheduled for December 10, 2025. JM Financial Limited, IIFL Capital Services Limited, and Kotak Mahindra Capital Company Limited are managing the issue.
Aequs’s listing is poised to be a barometer for investor confidence in India’s growing role in global supply chains and high-tech manufacturing, signaling a strong tailwind for the “Make in India” initiative.
#AequsIPO #AerospaceManufacturing #MakeInIndia #PrecisionEngineering #GlobalSupplyChain #IPOIndia #BSE #NSE #DecemberIPOs
