Aequs Limited IPO
Aerospace & Defense · DRHP 30 Sept 2025 · listed 10 Dec 2025
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- Issue price
- ₹124.00
- band ₹118.00 to ₹124.00
- Issue size
- ₹921.8 cr
- fresh ₹670 cr · OFS ₹252 cr
- Lot
- 120 shares
- ₹14,880 at the top of the band
- Subscription window
- 3 Dec to 5 Dec
- 2025
- Listing
- 10 Dec 2025
- NSE
- Subscribed
- 55.2x
- retail 54.0x
About the Aequs IPO
Aequs Limited raised ₹922 crore through a mainboard IPO on NSE and BSE: a fresh issue of ₹670 crore and an offer for sale of ₹252 crore. The fresh issue goes to the company; the offer for sale goes to the shareholders selling.
Bidding ran Wed 3 Dec to Fri 5 Dec, at an issue price of ₹124 a share, in lots of 120 shares. The shares listed on 10 Dec 2025.
The book-running lead managers are JM Financial Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited. The registrar, which handles allotment, is KFin Technologies Limited.
The issue was subscribed 55.21 times overall, with the retail portion at 53.96 times, as the exchange's bid book showed.
The draft offer document was filed on 30 Sept 2025.
newboard writes its studies from the offer document before an issue lists, and this one listed without one. The figures on this page are the exchange's and the offer document's, each with its source.
Aequs IPO: questions answered
When was the Aequs IPO open, and what were the price band and lot size?
Bidding ran Wed 3 Dec to Fri 5 Dec. The issue price is ₹124 a share. One lot is 120 shares, ₹14,880 at the upper end of the band.
When did the Aequs IPO list?
The shares listed on 10 Dec 2025 on NSE and BSE.
How do I check the Aequs IPO allotment status?
Allotment is finalised by the registrar, KFin Technologies Limited, usually the working day after the issue closes. Check it on the registrar's website or on BSE and NSE with a PAN, application number or DP ID. Shares not allotted have their blocked amount released by the refund date.
Who are the registrar and lead managers of the Aequs IPO?
The book-running lead managers are JM Financial Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited. The registrar, which handles applications and allotment, is KFin Technologies Limited.
How many times was the Aequs IPO subscribed?
55.21 times overall, as the exchange's bid book last showed: qualified institutions 59.09 times, non-institutional investors 53.08 times and retail 53.96 times.
Is the Aequs IPO a fresh issue or an offer for sale?
A fresh issue of ₹670 crore, which goes to the company, and an offer for sale of ₹252 crore, which goes to the shareholders selling (27% of the issue).
What is the Aequs IPO GMP?
newboard does not publish a grey-market premium. Grey-market deals happen outside the stock exchanges, are not regulated, and leave no public record of who traded at what price. What is on record is the offer document, read on this page, and the exchanges' bid book.
Where the money went
The monitoring agency's report for the quarter to 30 Sept 2026: each object in the offer document and how much of it had been used by then.
| Object | Proposed, ₹ crore | Used, ₹ crore |
|---|---|---|
| Funding capital expenditure to be incurred on account of purchase of machinery and equipment by: | 16.6 | 0.0 |
| Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes | 103.9 | 4.9 |
| Issue Expense | 3.2 | 0.0 |
| Total | 144.0 | 4.9 |
Aequs IPO: the next step, on Telegram
A message when there is news on each use-of-proceeds report the company files. Free, no account, leave in one tap. Send /stop to end it.
Not on this page yet: an offer-document study, the peer table the issuer printed. Each is added when the pipeline extracts it from the offer document.
The figures on this page are the company's own, taken from its filings with the exchanges and SEBI, and every number links to the document and page it came from. They are reproduced as stated, not verified independently, and they are not forecasts by newboard.in. Nothing here is investment advice, a research report or a recommendation. newboard.in is not a SEBI-registered research analyst or investment adviser.