Aequs IPO: The company raised Rs. 414 crore collected

Precision engineering company Aequs Ltd on Tuesday raised Rs 100 crore from 33 anchor investors ahead of its initial public offer (IPO), which opens for bidding on Wednesday, December 3. 414 crore was collected. The company issued 3.34 crore equity shares at Rs. 124 was allotted at the upper price band.

While BlackRock Global Funds-India Fund was allotted 4.83% shares out of the anchor quota, Sanshi Fund-1 got 1.21% shares.

Out of the 3.34 crore shares, 1.89 crore shares accounting for 56.70% of the total allocation to anchor investors were allotted to 10 domestic mutual funds who have applied through a total of 18 schemes.

Other marquee investors include SBI MF, HDFC MF, ICICI MF, Axis MF, Motilal Oswal MF, Bank of India MF, Steadview Capital, Citigroup, Societe Generale.

Aequs IPO GMP today

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      By December 1, 2025, the gray market premium for the Aequs IPO will increase to Rs. 46.5 has reached Rs. Above 124 represents a 37% premium over the issue price and is higher than the previous premium of around 20%. Based on the current GMP, per share approximately Rs. 170 is estimated to list.

      Company profile

      Aequs is a precision engineering and manufacturing firm with a strong presence in aerospace components, consumer durable parts and vertically integrated manufacturing solutions. Its ecosystem-driven operations and longstanding relationships with global OEMs give it a unique position in high-tolerance manufacturing.

      However, on the financial front, Aequs posted FY25 revenue of Rs. 102 crore, compared to a net loss of Rs. 14.24 crores. The total revenue also in FY24 was Rs. 988 crores down 3% to Rs. 959 crore has been done.

      Aequs IPO: Key Dates

      The Aequs IPO will open for subscription on December 3, 2025 and will be available to investors until December 5, 2025. After the closing of the bidding process, the company is expected to finalize the share allotment on December 8, 2025. Subject to completion of regulatory approvals and processes, Aequs and NSE are likely to be listed on the NSE in December. 10, 2025.

      Strong pre-IPO interest

      Ahead of the IPO, Aequs raised Rs. 123.97 per share at Rs. 144 crore was raised. The round saw participation from marquee institutional investors including SBI Mutual Fund (Optimal Equity and Emergent India Funds), DSP India Fund and Think India Opportunities Master Fund. Initial institutional traction indicates continued demand for the issue.

      Issue Manager

      The IPO is being jointly managed by JM Financial, IIFL Capital and Kotak Mahindra Capital, while KFin Technologies will act as registrar.

      (Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)

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