Aequs IPO Opens with Strong Demand
Analysis based on 16 articles · First reported Nov 28, 2025 · Last updated Dec 03, 2025
The Aequs Group IPO is expected to generate significant listing gains, with grey market premiums indicating a potential 35-37% increase over the issue price. This event provides an opportunity for investors to gain exposure to the aerospace and defence supply chain, with proceeds from the IPO primarily used for debt repayment and capital expenditure, which could improve Aequs Group' profitability.
Aequs Group, a precision engineering and manufacturing firm specializing in aerospace components and consumer goods, launched its Rs 921.81 crore initial public offering (IPO) on December 3, 2025. The IPO, with a price band of Rs 118–124 per share, includes a fresh issue of 5.40 crore shares worth Rs 670 crore and an offer for sale of 2.03 crore shares amounting to Rs 251.81 crore. The subscription window is open until December 5, with shares expected to list on the BSE and National Stock Exchange of India on December 10. Investor interest has been strong, with the retail quota subscribed 7 times on Day 1 and grey market premiums indicating a potential listing price around Rs 170.5, a 37.5% premium over the upper issue price. Prior to the IPO, Aequs Group completed a Rs 144 crore pre-IPO placement with institutional investors including Kotak Mahindra Bank, DSP India Fund, and Think India Opportunities Master Fund. The company plans to use the net proceeds for debt repayment, capital expenditure, and potential acquisitions. Despite current losses, analysts from Meritz Securities, Meritz Securities, and Swastika Investmart recommend subscribing, citing Aequs Group' strong position in the aerospace ecosystem and attractive valuation compared to peers.
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