New Delhi: Aequs, a company engaged in contract manufacturing for aerospace and aerospace parts, has set its IPO price band at Rs 118-124 per share. Investors can bid for a minimum of 120 shares and then in multiples of the same.
This IPO worth Rs 922 crore will open on Monday, December 3rd, and close on Friday, December 5th. The bidding process for anchor investors will start on December 2nd. This marks the first mainboard IPO of December.
The company aims to raise Rs 921.81 crore through this issue, which includes both fresh issuance and offer for sale (OFS). Under OFS, promoters and current investors will sell a total of 2.03 crore shares.
Promoters and selling shareholders include Melligeri Private Family Foundation and Aequs Manufacturing Investments Pvt Ltd. Bidders in the offer for sale segment comprise Amicus Capital Private Equity I LLP, Amicus Capital Partners India Fund I, Vasundhara Dempo Family Private Trust, Girija Dempo Family Private Trust, along with individual bidders Ravindra Marwala and Raman Subramanyam. The company’s promoter is Aravind Shiva Putappa Melligeri, who serves as Executive Chairman and CEO.
Aequs has attracted investments from Amicus Capital, Amansa Investments, Steadview Capital Mauritius, Catamaran Ekam, and Sparta Group LLC, with a combined 25.54% pre-offer stake in the company.
The proceeds from the IPO will be utilized for prepayment of loans and penalties, along with new machinery and tools, inorganic growth, and other strategic initiatives.
With its headquarters based in Karnataka, Aequs is India’s only precision component manufacturer operating in a single Special Economic Zone (SEZ), providing integrated capabilities for aerospace manufacturing. The company supplies components for engine systems, landing systems, cargo and interiors, structures, assemblies, and turning.
In terms of financial performance, the company’s losses have decreased from Rs 71.7 crore to Rs 17 crore from September 2025 to the present. Income has increased by 17% to Rs 537.2 crore, with losses in FY25 rising to Rs 102.3 crore, compared to Rs 10.8 crore in the prior year. Meanwhile, FY25 revenue declined by 4.2% to Rs 924.6 crore, down from Rs 965 crore in the previous year.
The IPO timeline includes an allotment date of December 8 and a listing date on December 10 on the BSE and NSE. JM Financial, IIFL Capital, and Kotak Mahindra Capital are the lead managers for the IPO.
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