Aequs IPO Set to Open on December 3: Price Band Set at ₹118–₹124 Per Share

Aerus, a contract manufacturing company known for its work in consumer durables and aerospace components, is set to launch its initial public offering (IPO) in the upcoming week. This marks the first mainboard IPO of the month. Aequs aims to raise ₹921.81 crore through the offering, which comprises both a fresh issue of shares and an offer for sale (OFS).

Under the OFS, promoters and existing shareholders will divest 2.03 crore shares. The promoter group entities, Melligeri Private Family Foundation and Aequs Manufacturing Investments Private Limited, will participate in the sale. Additional selling shareholders include institutional investors such as Amicus Capital Private Equity I LLP, Amicus Capital Partners India Fund I, Vasundhara Dempo Family Private Trust, Girija Dempo Family Private Trust, as well as individual investors Ravindra Mariwala and Raman Subramanian.

JM Financial, IIFL Capital, and Kotak Mahindra Capital are acting as the book-running lead managers for the IPO.

Aequs IPO Key Details

Aequs IPO will open for subscription on Wednesday, December 3, and conclude on Friday, December 5, with anchor investors getting access a day earlier on December 2.

The company has fixed the price band at ₹118–₹124 per share, and investors can place bids starting from a lot size of 120 shares, with multiples allowed thereafter.

Use of IPO Proceeds

Proceeds from the fresh issue are earmarked for multiple purposes: repayment and prepayment of borrowings at subsidiaries AeroStructures Manufacturing India and Aequs Consumer Products, procurement of new machinery and equipment, strategic acquisitions, and other corporate initiatives.

About Aequs Limited

Based in Karnataka, Aequs positions itself as India’s only precision component manufacturer operating fully within a single special economic zone, offering vertically integrated aerospace manufacturing solutions. Its product capabilities span engine systems, landing systems, structures, cargo and interior components, assemblies, and turning.

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Financially, the company’s performance has seen mixed trends. For the six months ended September 2025, net loss narrowed to ₹17 crore from ₹71.7 crore a year earlier, while revenue climbed 17% to ₹537.2 crore. However, for FY25, the company reported a widened loss of ₹102.3 crore, compared to ₹10.8 crore in the prior fiscal, alongside a 4.2% dip in revenue to ₹924.6 crore.

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