Aequs Ltd’s IPO concluded with a strong overall subscription of 11.40 times. Retail Individual Investors (RII) dominated the demand with an exceptional 34.20 times subscription, followed by the sNII (less than ₹10 lakh) category at 24.05 times. The bNII (above ₹10 lakh) segment also showed heavy interest at 14.14 times, taking the total NII subscription to 17.44 times. The Employees category subscribed 16.04 times, while Qualified Institutional Buyers (QIBs) participated at 0.75 times. The issue received 18,09,025 total applications, with aggregate bids amounting to ₹5,792 crore.
Aequs Ltd. IPO Day 2 Subscription Status
Aequs Ltd’s IPO concluded Day 2 with a steady overall subscription of 1.12 times. The strongest participation came from Qualified Institutional Buyers (QIBs) at 2.04 times, reflecting healthy institutional interest. The Retail Individual Investors (RII) segment was subscribed 0.95 times, indicating near-full demand from retail investors. The Non-Institutional Investors (NII) portion reached 0.41 times, with sNII (below ₹10 lakh) at 0.38 times and bNII (above ₹10 lakh) at 0.44 times.
| Investor Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIB) | 0.75 |
| Non-Institutional Investors (NII) | 17.44 |
| bNII (above ₹10 lakh) | 14.14 |
| sNII (less than ₹10 lakh) | 24.05 |
| Retail Individual Investors (RII) | 34.20 |
| Employees | 16.04 |
| Total Subscriptions | 11.40 |
Total Applications: 18,09,025
Total Bid Amount (₹ Crores): 5,792
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 2 Update
The grey market premium (GMP) of Aequs Ltd. IPO is ₹41, as on 5:00 PM December 04, 2025. The upper limit of the price band is ₹124 and the estimated listing price as per today’s GMP can be ₹41, giving a potential gain of around 33.06% per share.
| Date | GMP | Est. Listing Price | Gain |
|---|---|---|---|
| 04-12-2025 (DAY 3) | ₹41 | ₹165 | 33.06% |
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.
Easy Steps to Apply for Tata Capital IPO via Pocketful
Step 1 : Install the Pocketful Application from Play Store or App Store
Step 2 : Sign up and complete your KYC requirements
Step 3 : Go to the IPO section from the home page
Step 4 : Look for “Aequs Ltd.” in the list
Step 5 : Tap on Apply and enter your bid details
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 07 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 04 December 2025 is ₹41, which leads to a possible listing price of ₹165.
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.
