Aequs IPO GMP: Aerospace Engineering Company’s Public Issue Fully Booked, Retail Investors Drive Demand - Check Details

Aequs IPO GMP: The public issue of Aequs Management Ltd witnessed strong demand on the first day of bidding. The aerospace engineering company’s public issue was fully booked soon after the opening of the bidding window. Here’s a look at some of the key details related to the public issue, which investors should keep in mind before they consider applying:

Aequs IPO GMP

Aequs shares are commanding a grey market premium of Rs 46.5 per share. Based on the trends in grey market premium, shares of Aequs are expected to make a strong debut at Rs 170.5 per share with gains of 37.5 per cent.

Aequs IPO: Subscription Update

Aequs IPO has been booked 1.1 times across categories on the first day of subscription. Applicants cumulatively bid for 46.37 million shares compared to the 42.02 million shares offered for subscription.

The aerospace component maker’s public issue has been booked 4.51 times so far in the retail individual investor category. Retail investors have applied for 34.72 million shares compared to the 7.69 million shares reserved for the category.

Aequs IPO has been subscribed 96 per cent in the non-institutional investor (NII) category. NIIs have applied for more than 11.05 million shares compared to the 11.53 million shares reserved for the category.

Qualified institutional buyers placed bids for 6,720 shares against the 22.61 million shares reserved for them. Aequs IPO has been booked 3.14 times in the employees' category as employees of the company bid for 5,87,400 shares against the 1,86,915 shares offered to them for bidding.

Aequs IPO: Issue Size and Price Band

The initial public offering of Aequs Management has a total offer size of Rs 921.81 crore. The company plans to raise this amount through a fresh issue of 54 million shares aggregating to Rs 670 crore and an offer for sale of 20.3 million shares aggregating to Rs 251.81 crore. The price band for the Aequs IPO has been fixed at Rs 118 to Rs 124 per share.

Aequs IPO: Anchor Investors

Aequs Ltd raised Rs 414 crore from anchor investors. The anchor investors included domestic and global institutional investors, including SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Axis MF, Motilal Oswal MF, BlackRock Global Funds, Steadview Capital, and Citigroup. As many as 33.4 million equity shares were allotted to 33 funds at Rs 124 apiece.

Aequs Management IPO: Lot Size and Minimum Investment

Retail investors interested in applying for the Aequs IPO can place bids for a minimum of 120 shares, which aggregates to an investment of Rs 14,880.

Aequs IPO: Subscription Window, Listing Date, Allotment Date

Aequs IPO subscription window opened on December 3 and is scheduled to close on December 5. The book-building issue’s share allotment status will be decided on December 8.

After the finalisation of the share allotment status of the public issue, refunds will be initiated for unsuccessful bidders on December 9. Successful bidders will receive shares of Aequs Management in their demat accounts on December 9 as well. Aequs Management’s shares will be listed on the NSE and BSE. The tentative listing date for Aequs Management’s shares is December 10.

Aequs Management: Key Financials

Aequs Management’s revenue for the quarter ended September 30, 2025, stood at Rs 565.55 crore. The company’s net loss and net worth stood at Rs 16.98 crore and Rs 796.04 crore, respectively.

Aequs Management’s revenue for FY25 stood at Rs 959.21 crore, declining by over 2 per cent from Rs 988.3 crore in FY24. The company posted a net loss of Rs 102.35 crore in FY25 compared to a net loss of Rs 14.24 crore in FY24.

Aequs IPO: Registrar

The book running lead manager for JM Financial Ltd, and the registrar for the issue is Kfin Technologies Ltd.

Aequs Management: Promoters

Aequs Management’s promoters included Aravind Shivaputrappa Melligeri, Aequs Manufacturing Investments, Melligeri Private Family Foundation and The Melligeri Foundation. Promoters of the company held 64.48 per cent prior to the issue, and their stake will reduce to 56.25 per cent post the issue.

Aequs IPO: Objective

Aequs Management plans to use the proceeds of the public issue for repayment and prepayment of its borrowings availed by the company and its subsidiaries, Aero Structures Manufacturing India, Aequs Consumer Products and Aequs Engineered Plastics. The proceeds will also be used for the capital expenditure, which will be incurred by the company and its subsidiaries for the purchase of machinery and equipment. The proceeds will also be used by Aeques Management for unidentified acquisitions and general corporate purposes.

About Aequs Management Ltd

Aequs Management Ltd was incorporated in 2000. The company is a maker of aerospace-related components such as engine systems, landing systems, cargo and interiors, structures, assemblies and turning for the aerospace clients. The company has also diversified its offerings into consumer electronics, plastics, and consumer durables for their consumer clients.