Aequs Ltd is set to launch its Initial Public Offering (IPO) on December 3, with the three-day issue aiming to raise ₹922 crore through a mix of fresh equity and an offer for sale. The company has priced the issue at ₹118–124 per share, with a minimum bid size of 120 shares.
The offering has attracted early attention in the unlisted market. The grey-market premium (GMP) is hovering around 35%, indicating expectations of a robust listing. Market analysts say the pre-listing demand reflects confidence in Aequs’ position as one of India’s few fully integrated aerospace manufacturers.
Aequs supplies precision-engineered components to major global aircraft makers, including Airbus, Boeing, Safran, and Collins Aerospace. Its flagship aerospace operations contribute nearly 90% of its revenue, supported by a large industrial campus that brings machining, forging, and assembly under one ecosystem.
The company plans to deploy the IPO proceeds towards debt reduction, capital expenditure, and strategic growth initiatives, including potential acquisitions. Strengthening its balance sheet remains a key priority, given the capital-intensive nature of aerospace manufacturing.
While the business enjoys long-term contracts and strong client relationships, analysts point to notable risks. Aequs reported significant losses in FY25 and continues to rely heavily on a small set of global clients. Any slowdown in international aerospace demand or shift in customer sourcing could impact earnings.
Despite these challenges, the company’s global footprint and specialised manufacturing capabilities are seen as positives. With investor sentiment running high, the Aequs IPO is likely to be closely watched as one of the prominent listings in the aerospace-manufacturing space this year.
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