Aequs IPO Review 2025: Complete Analysis, Strengths, Risks, Financials, IPO Dates, Price & Should You Apply?”
Overview of Aequs Ltd
Aequs Limited is a precision component manufacturing company specializing in vertically integrated solutions for the global aerospace sector. The company produces machined components, forged parts, molding components, aerospace structures, assemblies, and parts for consumer electronics, toys, and appliances.
Aequs operates a large-scale, integrated aerospace manufacturing ecosystem consisting of machining, forging, treatment, and assembly facilities — all under a unified network. This allows the company to handle end-to-end manufacturing efficiently.
Aequs IPO Details
| Detail | Information |
|---|---|
| IPO Dates | 3 Dec 2025 – 5 Dec 2025 |
| Price Band | ₹118 – ₹124 |
| Lot Size | 120 shares |
| Minimum Investment | ₹14,160 |
| Issue Size | ₹821.81 Cr |
| Face Value | ₹10 |
| Tentative Allotment Date | 08 Dec 2025 |
| Tentative Listing Date | 10 Dec 2025 |
| Exchanges | BSE, NSE |
Important IPO Dates (Now placed under IPO details)
| Event | Date |
|---|---|
| IPO Opening Date | 3 Dec 2025 |
| IPO Closing Date | 5 Dec 2025 |
| Allotment Date | 8 Dec 2025 |
| Refund Initiation | 9 Dec 2025 |
| Shares Credit to Demat | 9 Dec 2025 |
| Listing Date | 10 Dec 2025 |
Aequs Financial Performance (Also moved directly below IPO details)
Revenue Growth
| Year | Revenue (₹ Cr) |
|---|---|
| 2023 | 822 |
| 2024 | 999 |
| 2025 | 925 |
Asset Growth
The company’s total assets show consistent growth year-on-year, reflecting business expansion.
Profit Trend
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FY24 saw improved profitability over FY23
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FY25 profit pressure likely due to global aerospace demand fluctuations and cost factors
About Aequs Ltd
Aequs Limited is a precision manufacturing company specializing in vertically integrated aerospace components. It produces:
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Machined parts
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Forged components
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Molded parts
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Aerospace assemblies
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Precision components for toys, electronics, and consumer appliances
Aequs operates one of India’s most advanced aerospace manufacturing ecosystems.
Company Highlights
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Founded: 2000
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CEO: Mr. Rajeev Kaul
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Operations: India, USA & France
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Major Clients: Boeing, Airbus, Safran, Spirit AeroSystems, Collins Aerospace
Strengths of Aequs Ltd
✔ 1. Advanced Integrated Manufacturing Ecosystem
Combines machining, forging, molding, surface treatment, and assembly.
✔ 2. Strong Global Client Base
Relationships with top aerospace OEMs — Boeing, Airbus, Safran & more.
✔ 3. Expertise in Precision High-End Machining
Specialization in 5-axis, complex aerospace components.
✔ 4. Global Manufacturing Presence
Facilities in India, USA, and France support better supply chain efficiency.
✔ 5. Manufactures Components for Major Aircraft Models
Contributes to A320, B737, A350, B787 platforms.
Risks & Weaknesses of Aequs
❌ 1. High Debt Liability
Over ₹818 crore debt as per September 2025.
❌ 2. Revenue Concentration
Top 10 customers contributed over 89% of revenue in FY24.
❌ 3. Negative Operating Cash Flow
FY24 reported ₹13.11 crore negative cash flow.
❌ 4. Raw Material Dependency
High dependence on aluminum, titanium, nickel — price fluctuations reduce margins.
❌ 5. Supplier Concentration
Top 20 suppliers contributed 78% of purchases.
❌ 6. Currency Risks
Large export exposure increases forex volatility risk.
❌ 7. Legal Proceedings
Some ongoing legal matters involving the company/directors.
❌ 8. Increased Receivables
Trade receivables rose to ₹182.39 crore, increasing working capital stress.
Pros & Cons of Aequs IPO
Pros
✔ Strong aerospace client portfolio
✔ Integrated manufacturing ecosystem
✔ Global presence
✔ Increasing demand for aerospace components
✔ Long-term relationships (10–15 years) with customers
Cons
✘ High debt
✘ Negative cash flows
✘ Margin pressure
✘ Customer concentration
✘ Industry cyclic risk
Should You Apply?
Apply If:
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You are a long-term investor in aerospace manufacturing.
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You believe in India becoming a global aerospace hub.
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You can handle moderate to high risk.
Avoid If:
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You prefer low-risk investments.
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You are concerned about high debt and cash flow issues.
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You want guaranteed listing gains.
Verdict:
Aequs IPO offers strong long-term potential but comes with notable financial risks. Suitable for long-term, high-risk investors.
Top FAQs
1. What is the minimum investment?
₹14,160 for one lot (120 shares).
2. Where will Aequs list?
On both BSE and NSE.
3. Can I pre-apply?
Yes, pre-apply starts 4 days before IPO opening.
4. What is the allotment date?
8 December 2025.
5. What is the lot size?
1 lot = 120 shares.
Conclusion
The Aequs IPO 2025 is one of the most anticipated offerings in the aerospace manufacturing sector. The company has strong industry positioning, global customers, and advanced manufacturing capabilities. However, high debt, negative cash flows, and concentration risks mean investors should evaluate their risk appetite carefully.
For long-term high-risk investors, Aequs holds strong future potential.
For short-term conservative investors, caution is advised.
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