Aequs IPO Opens Dec 3: Price Band, GMP, Lot Size and Should You Subscribe?

Aequs IPO Opens Dec 3: Price Band, GMP, Lot Size and Should You Subscribe?

The Aequs Ltd initial public offering (IPO) is set to open for public subscription on December 3, 2025, and will remain available for bidding until December 5, 2025. Allotment will be finalised on December 8, and the stock is scheduled to list on the BSE and NSE on December 10.

The IPO is valued at ₹921.81 crore, comprising a fresh issue of ₹670 crore (5.40 crore shares) and an offer for sale (OFS) of ₹251.81 crore (2.03 crore shares).

The price band has been set at ₹118–₹124 per share.
For retail investors, the minimum application size is 120 shares, translating to an investment of ₹14,880 at the upper band.

For non-institutional investors:

  • sNII: Minimum 1,680 shares (14 lots) → ₹2,08,320

  • bNII: Minimum 8,160 shares (68 lots) → ₹10,11,840

JM Financial Ltd is the book-running lead manager, and Kfin Technologies Ltd is the registrar.


Grey Market Premium: Strong Listing Signals

As of December 2, the grey market premium (GMP) is ₹44. Based on the upper price band of ₹124, the estimated listing price comes to ₹168, indicating a potential listing gain of around 35.48% per share.


About Aequs Ltd

Founded in 2000, Aequs is a key player in the aerospace manufacturing ecosystem and operates a fully integrated Special Economic Zone (SEZ) in India.

Its capabilities span:

  • Engine system components

  • Landing system parts

  • Cargo and interior modules

  • Aerospace structures and assemblies

  • Precision turning solutions

Beyond aerospace, Aequs has diversified its offerings into consumer electronics, plastics and consumer durable components, widening its client base and revenue streams.

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