Aequs Ltd. IPO (Aequs IPO) – Full Review, GMP, Price Band & Key Details

Introduction

Aequs Ltd., one of India’s leading precision manufacturing and aerospace engineering companies, is set to open its public issue in December 2025. With a strong footprint in aerospace components, vertically integrated manufacturing systems, and an expanding global presence, the Aequs IPO is gaining considerable investor attention.

This article provides a detailed, SEO-friendly breakdown covering Aequs IPO price, Aequs IPO date, Aequs Limited IPO size, GMP trends, business overview, strengths, financials, lot size, reservation, and more—ideal to help Ultra readers evaluate the opportunity in depth.

About Aequs Ltd. – Business Overview

Founded in 2000, Aequs Ltd. is a precision manufacturing company with a strong specialization in aerospace components. Its unique differentiator lies in its fully vertically integrated aerospace manufacturing ecosystem, operating through a dedicated Special Economic Zone (SEZ) in India.

Aequs supports major global aircraft manufacturers through machining, forging, surface treatment, assembly, and engineering support.

Key Business Segments

• Aerospace Manufacturing (Core Segment)

• Engine components

• Landing gear systems

• Cargo structures

• Actuation and precision systems

• Aircraft interior panels

• Assemblies for major commercial aircraft programs (A320, B737, A350, B787, etc.)

2. Consumer Electronics & Plastics

A growing vertical supporting global consumer brands.

3. Consumer Durables Manufacturing

Aequs has steadily expanded to become one of India’s biggest integrated aerospace manufacturing ecosystems.

Aequs Global Manufacturing Footprint

Structures

Brackets, floorboards, gear brackets, cable quadrants, wing flap supports, latch assemblies, gearbox brackets, and more.

Interiors & Cargo

Seat structures, side panels, housing units, trays, outer pawls, panel-side tops, and support beams.

Landing Systems

Main landing gear parts, wheel rims, bracket systems, front panel assemblies, wheel halves.

Actuation Systems

Housings, manifolds, mounting flanges/feet, actuator pistons, jack heads, radar boxes, etc.

With over 5,000 aerospace components produced for aircraft segments ranging from single aisle (A220, A320, B737) to long-range commercial (A330, A350, B777, B787), the company has developed deep specialization.

Aequs Global Manufacturing Footprint

Aequs operates a large-scale SEZ in Belagavi, along with manufacturing facilities across three continents, enabling:

• Faster turnaround time

• Lower logistics cost

• Proximity to global OEMs

• End-to-end precision manufacturing integration

This has increasingly positioned India as a strategic aerospace manufacturing hub.

Employee Strength

As of September 30, 2025:

• 1,892 full-time employees

• 1,834 contract staff

• 432 apprentices

• 325 fixed-term employees

A significant portion of its workforce is highly skilled and trained specifically for aerospace precision manufacturing.

Competitive Strengths of Aequs Ltd.

1. Vertically Integrated Manufacturing

Aequs offers forging, machining, treatment, assembly, and testing under one ecosystem—an advantage that few aerospace suppliers globally possess.

2. Global Customer Relationships

Strong long-term partnerships with high-entry-barrier aerospace OEMs.

3. Specialized SEZ Operations

Their large, single-location aerospace campus is a unique differentiator in India.

4. Diversified Precision Portfolio

Beyond aerospace, Aequs serves consumer electronics, plastics, and global white-goods manufacturers.

5. Founder-Led, Strong Management

The leadership team includes experienced sector specialists and long-serving engineers.

Key Observations

• Revenue shows cyclical fluctuations tied to order cycles.

• PAT has remained negative; however losses narrowed significantly in FY25.

• Borrowings increased due to expansion and capex needs.

• Net worth strengthened over the years owing to fresh equity infusion and operational scale.

Aequs IPO Review – Should Investors Consider It?

Positive Factors

• Strong integrated capabilities in a high-barrier aerospace industry

• Global clientele and diversified product portfolio

• Government push for defence and aerospace manufacturing

• Improvement in operational metrics and revenue visibility

• Robust manufacturing infrastructure and SEZ advantage

Risks

• Cyclical nature of aerospace orders

• High dependence on a few large global OEMs

• Loss-making financial periods

• High capex and rising leverage

Ultra’s View (Informational Only)

Aequs sits in a strategically important industry with long-term potential. The IPO aims to support expansion and capital requirements. Interested investors should evaluate financial health, global aerospace trends, and risk appetite before participating.

Final Thoughts

The Aequs Ltd. IPO offers exposure to India’s growing aerospace precision manufacturing ecosystem. With a clear expansion plan, premium global clients, and deep technological capability, Aequs positions itself as a long-term industrial player. The IPO may attract strong QIB interest due to sector specialization, vertical integration, and India’s rising role in global aircraft supply chains.

Retail and HNI investors looking at manufacturing-oriented IPOs may watch subscription data, GMP movement, and allocation trends before applying.