Aequs IPO is a book-built issue aiming to raise ₹921.81 crore. It comprises a fresh issue of 5.40 crore equity shares aggregating to ₹670.00 crore and an offer for sale of 2.03 crore equity shares amounting to ₹251.81 crore. The bidding window remained open from December 3, 2025, to December 5, 2025. The IPO allotment will be finalised on December 8, 2025, and the company is set to list on BSE and NSE on December 10, 2025.
The IPO was priced in the range of ₹118–₹124 per share with a lot size of 120 shares. The public issue received bids for 4,27,19,73,120 shares against 4,09,59,389 shares available, resulting in an overall subscription of 104.30 times. NIIs subscribed 83.61 times, while retail investors subscribed 81.03 times their quota. QIBs led the book with 122.93 times subscription
Aequs’ ₹921.81 crore IPO, priced at ₹118–₹124 per share, recorded an overall subscription of 104.30 times. The issue includes a fresh issue of 5,40,32,258 equity shares worth ₹670.00 crore and an offer for sale of 2,03,07,393 equity shares aggregating to ₹251.81 crore.
Bidding took place from December 3 to December 5, 2025, with the Aequs IPO allotment status to be released on December 8, 2025. Retail investors subscribed 81.03 times, while NIIs subscribed 83.61 times. The company is expected to list on December 10, 2025.
The table below breaks down the Aequs share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 5,56,21,995 (74.82%) |
| − Anchor Investor Shares Offered | 3,33,80,262 (44.90%) |
| − QIB (Ex. Anchor) Shares Offered | 2,22,41,733 (29.92%) |
| NII (HNI) Shares Offered | 1,11,24,399 (14.96%) |
| − bNII > ₹10L | 74,16,266 (9.98%) |
| − sNII < ₹10L | 37,08,133 (4.99%) |
| Retail Shares Offered | 74,16,266 (9.98%) |
| Employee Shares Offered | 1,76,991 (0.24%) |
| Total Shares Offered | 7,43,39,651 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 122.93 |
| Non-Institutional Investors (NII) | 83.61 |
| Retail Individual Investors (RII) | 81.03 |
| Employees | 37.86 |
| Total | 104.3 |
Note: The subscription details are as of December 5, 2025
Aequs Ltd., incorporated in 2000, operates as an advanced precision manufacturing company with an integrated aerospace-focused Special Economic Zone. Its operations are centred on providing vertically integrated manufacturing capabilities tailored to the needs of global aerospace clients. Over time, the company has expanded its product suite to cover structural components, landing systems, interiors, cargo parts and actuation systems, enabling it to serve multiple critical functions in the aircraft value chain.
The company's manufacturing capabilities span across engine systems, landing gear, actuation assemblies, interiors and structural components. Aequs serves key commercial aircraft programmes, including A220, A320, B737, A330, A350, B777 and B787. As of September 30, 2025, the company produced more than 5,000 aerospace components, reflecting its technical expertise and long-standing partnerships with high-barrier global OEMs and Tier-1 suppliers.
Beyond aerospace, Aequs has expanded into consumer electronics, plastics and consumer durables, diversifying its revenue sources and establishing a multi-segment precision manufacturing presence. Its vertically integrated model enables operational efficiency, cost competitiveness and tight control over quality across manufacturing lines in India and abroad.
The organisation employs a sizeable workforce comprising 1,892 full-time employees, supported by contract workers, trainees and apprentices. Its competitive strengths include an engineering-led manufacturing ecosystem, multi-continent presence, high entry barriers in aerospace, and an experienced founder-led leadership team. These factors position Aequs to scale its operations further while continuing to strengthen global client relationships.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 5, 2025, 7:24 PM IST
Team Angel One
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