Aequs IPO Day 2: Check Subscription Status & Key Highlights
The Aequs IPO enters its second day of subscription today, 4 December 2025. By the end of the first day, the issue was subscribed to 3.56 times overall. The bidding window is scheduled to close on December 5, 2025.
Aequs IPO: Issue Details
The Aequs IPO is a book-building issue of ₹921.81 crore, consisting of a fresh issue of ₹670 crore and an offer for sale (OFS) of ₹251.81 crore. The price band is set between ₹118 and ₹124 per share.
The basis of allotment will be finalised by December 8, 2025, and the tentative listing date on NSE and BSE is December 10, 2025.
The book-running lead managers for the IPO are JM Financial Limited, IIFL Capital Services Limited, and Kotak Mahindra Capital Company Limited. At the same time, KFin Technologies Limited serves as the registrar for the issue.
Aequs IPO Day 2 Subscription Status
[4-December-2025 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.73 |
|
Non-Institutional Investors |
16.81 |
|
Retail Individual Investors (RIIs) |
32.92 |
|
Employees |
15.18 |
|
Total |
11.10 |
Aequs IPO Day 1 Subscription Status
[3-December-2025 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.68 |
|
Non-Institutional Investors |
3.55 |
|
Retail Individual Investors (RIIs) |
12.16 |
|
Employees |
7.38 |
|
Total |
3.56 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to
- Repay/prepay outstanding borrowings availed by Aequs and its subsidiaries, including AeroStructures Manufacturing, Aequs Consumer Products and Aequs Engineered Plastics
- Fund capital expenditure towards the purchase of machinery and equipment by Aequs and its subsidiary, AeroStructures Manufacturing.
- Funding inorganic growth through unidentified acquisitions
- Other strategic initiatives
- General corporate purposes
Aequs Business Overview
Aequs is the only precision component manufacturer operating within a single special economic zone in India to offer fully integrated, end-to-end production capabilities for the aerospace sector. This comprehensive integration distinguishes them from other contract manufacturers, which typically offer only selective or fragmented machining solutions.
As of March 31, 2025, the company maintained one of the most extensive portfolios of aerospace components in the country.
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