Aequs Limited, a key player in the aerospace manufacturing ecosystem and operator of one of India’s largest dedicated aerospace SEZs, has opened its highly anticipated ₹400 crore IPO, comprising a fresh issue of ₹300 crore and an offer for sale of ₹100 crore. The public issue opened for subscription on December 2, 2025, with a price band of ₹397–₹420 per share, and will remain open until December 4, 2025. Once the allotment process is completed, Aequs Limited is scheduled to list its shares on both the BSE and NSE on December 9, 2025.
Aequs Ltd. IPO Day 3 Subscription Status
Aequs Ltd’s IPO concluded on Day 3 with an exceptionally strong overall subscription of 104.30 times, reflecting intense demand across all investor categories. Qualified Institutional Buyers (QIBs) led the frenzy with a massive 122.93 times subscription, followed closely by Non-Institutional Investors (NIIs), who subscribed 83.61 times overall. Within the NII segment, sNII (less than ₹10 lakh) bids came in at 91.13 times, while bNII (above ₹10 lakh) saw 79.86 times subscription. Retail Individual Investors (RII) also showed overwhelming interest, subscribing 81.03 times, and even the Employee quota—typically more moderate—was subscribed 37.86 times.
| Investor Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIB) | 122.93 |
| Non-Institutional Investors (NII) | 83.61 |
| bNII (above ₹10 lakh) | 79.86 |
| sNII (less than ₹10 lakh) | 91.13 |
| Retail Individual Investors (RII) | 81.03 |
| Employees | 37.86 |
| Total Subscriptions | 104.30 |
Total Applications: 44,16,042
Total Bid Amount (₹ Crores): 52,972.46
How to Check Aequs Ltd. IPO Allotment Status
Aequs Ltd. IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.
Method 1: Registrar’s website (KFIN Technologies Ltd.)
The most reliable way is to check allotment from MUFG Intime India Private Limited’s website.
How to do:
- Visit KFIN Technologies Ltd’s official website
- Select “Aequs Ltd.” from the IPO list
- Enter your details PAN number, Application number, or DP/Client ID
- Click on Submit
- You will see the allotment status on the screen.
Method 2: Check from BSE or NSE’s website
If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.
How to do:
- Visit BSE or NSE’s official website
- Select ‘Equity’ segment
- Select “Aequs Ltd.” from the IPO list
- Enter PAN number and Application number
- Click on Search
Objective of the Aequs Ltd. IPO
Aequs Ltd. plans to utilize the net proceeds from the fresh issue for the following purposes:
| Use of IPO Proceeds | Amount (₹ Cr) |
|---|---|
| Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties | 433.17 |
| Funding capital expenditure to be incurred on account of purchase of machinery and equipment by company | 8.11 |
| Funding capital expenditure to be incurred on account of purchase of machinery and equipment by one of the wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited, through investment in such Subsidiary | 55.89 |
| Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes | – |
Aequs Ltd. IPO GMP – Day 3 Update
The grey market premium (GMP) of Aequs Ltd. IPO is ₹45, as on 5:00 PM December 05, 2025. The upper limit of the price band is ₹169 and the estimated listing price as per today’s GMP can be ₹45, giving a potential gain of around 36.29% per share.
| Date | GMP | Est. Listing Price | Gain |
|---|---|---|---|
| 07-10-2025 (DAY 3) | ₹45 | ₹169 | 36.29% |
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Aequs Ltd. IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Opening Date | December 03, 2025 |
| IPO Closing Date | December 05, 2025 |
| Issue Price Band | ₹118 to ₹124 per share |
| Total Issue Size | 7,43,39,651 shares(aggregating up to ₹921.81 Cr) |
| Listing Platform | BSE, NSE |
| Registrar | Kfin Technologies Ltd. |
| Aequs Ltd. IPO RHP | Click Here |
Important Dates for Aequs Ltd. IPO Allotment
| Event | Date |
|---|---|
| Tentative Allotment | December 08, 2025 |
| Refunds Initiation | December 09, 2025 |
| Credit of Shares to Demat | December 09, 2025 |
| Listing Date | December 10, 2025 |
Aequs Ltd. Overview
Aequs Ltd., incorporated in 2000, has evolved into a vertically integrated precision manufacturing company with a strong foundation in the aerospace segment. Operating a dedicated Special Economic Zone, the company delivers end-to-end manufacturing capabilities, producing components for engine systems, landing gear, cargo structures, interiors and complex assemblies. Over time, Aequs has diversified beyond aerospace to include consumer electronics, plastics and consumer durables, broadening its technological footprint. As of September 30, 2025, the company had produced over 5,000 aerospace products across major global aircraft programs such as the A220, A320, B737, A330, A350 and B787. Its product portfolio spans structures, interiors, landing systems and actuation systems, reflecting deep engineering expertise. With a workforce of more than 4,500 employees across various roles, Aequs benefits from an experienced talent pool. Its competitive strengths include advanced precision capabilities, a vertically integrated ecosystem, global manufacturing presence and long-standing partnerships with high-entry-barrier customers. Supported by a founder-led leadership team, Aequs is positioned as a significant player in global precision manufacturing.
Frequently Asked Questions (FAQs)
What is the opening and closing date of the Aequs Ltd. IPO?
Aequs Ltd. IPO is open on 03 December 2025 and will close on 05 December 2025.
What is the price band of the Aequs Ltd. IPO?
Its price band is fixed from ₹118 to ₹124 per share.
What is the GMP (Grey Market Premium) of Aequs Ltd. IPO today?
The GMP on 05 December 2025 is ₹45, which leads to a possible listing price of ₹169.
What is the total issue size of Aequs Ltd. IPO?
The total issue size of the Aequs Ltd. IPO is ₹921.81 crore, comprising of a fresh issue ₹670 crore and an offer for sale (OFS) of ₹251.81 crore.
What is the expected listing date of Aequs Ltd.?
This IPO is expected to be listed on BSE and NSE on 10 December 2025.
