Aequs
Listed
Listed
IPO Timeline
Issue open date
3 Dec 2025Issue close date
5 Dec 2025UPI mandate deadline
5 Dec 2025Allotment finalization
8 Dec 2025Refund initiation
9 Dec 2025Share credit
9 Dec 2025Listing date
10 Dec 2025Mandate end date
20 Dec 2025Lock-in end date for anchor investors (50%)
7 Jan 2026Lock-in end date for anchor investors (remaining)
8 Mar 2026Grey Market Premium Trend
₹24
Current GMP
₹148
Est. Listing Price
19.4%
Est. Listing Gain
₹118 - ₹124
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 9 Dec | ₹24 | ₹148 | 19.35% |
| 8 Dec | ₹31 | ₹155 | 25.00% |
| 7 Dec | ₹34 | ₹158 | 27.42% |
| 6 Dec | ₹37 | ₹161 | 29.84% |
| 5 Dec | ₹39 | ₹163 | 31.45% |
| 4 Dec | ₹43 | ₹167 | 34.68% |
| 3 Dec | ₹41 | ₹165 | 33.06% |
| 2 Dec | ₹46 | ₹170 | 36.69% |
| 1 Dec | ₹47 | ₹171 | 37.50% |
| 30 Nov | ₹45 | ₹169 | 35.89% |
| 29 Nov | ₹44 | ₹168 | 35.08% |
| 28 Nov | ₹43 | ₹167 | 34.68% |
| 27 Nov | ₹40 | ₹164 | 32.26% |
| 26 Nov | ₹18 | ₹142 | 14.52% |
Key Dates
Open
3 Dec 2025Close
5 Dec 2025Listing
10 Dec 2025Quick Stats
Issue Size:921cr
Lot Size:120 shares
About the Company
Aequs Limited is a precision manufacturing company promoted by Aravind Shivaputrappa Melligeri, Aequs Manufacturing Investments Private Limited, and the Melligeri Private Family Foundation. With over two decades of experience, the company operates across the Aerospace and Consumer segments.
Strengths
- Vertically integrated aerospace ecosystem offering end-to-end manufacturing.
- Strong global presence with facilities in India, France, and the U.S.
- Long-term relationships with major global OEMs across aerospace and consumer segments.
- Proven capability across machining, forging, surface treatment, plastics, toys, and electronics.
- Large, scalable cluster-based manufacturing setup enabling cost and delivery efficiency.
Risks
- High dependence on the aerospace sector and a limited number of large customers.
- Exposure to global economic cycles, geopolitical risks, and supply-chain disruptions.
- Significant working capital and capital expenditure requirements.
- Foreign exchange fluctuations may impact revenues and margins.
- Any production delays or quality issues could affect customer contracts and reputation.
Aequs IPO – Frequently Asked Questions
- The price band for the Aequs IPO is set at ₹118 to ₹124 per share.
- The Aequs IPO opens on December 3, 2025 and closes on December 5, 2025.
- The tentative listing date for the Aequs IPO is December 10, 2025.
- You can apply for the Aequs IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Aequs, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Aequs IPO is 120 shares. Investors must apply for at least one lot (i.e., 120 shares).