Aequs Ipo
Aequs IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
JM Financial Ltd.
IIFL Capital Services Ltd.
Kotak Mahindra Capital Co. Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
| Anchor Bidding Date | December 2, 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2025 |
| lock-in period end date 50% shares (90 Days) | 2025 |
| IPO Open Date: | December 3, 2025 |
| IPO Close Date: | December 5, 2025 |
| Basis of Allotment: | December 8, 2025 |
| Refunds: | December 9, 2025 |
| Credit to Demat Account: | December 9, 2025 |
| IPO Listing Date: | December 10, 2025 |
| IPO Bidding Cut-off Time: | December 5, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 60,50,01,964 | -% |
| Promoter Holding Post Issue | – | -% |
| Purpose | Crores |
| Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable,availed by the company | ₹23.47 |
| Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable twoof our wholly-owned Subsidiaries, through investment in the below Subsidiaries | ₹395.77 |
| Funding capital expenditure to be incurred on account of purchase of machinery and equipment by the company | ₹67.45 |
| Funding capital expenditure to be incurred on account of purchase of machinery and equipment by one of our wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited through investment in such Subsidiary | ₹60.58 |
| Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹840.54 | ₹777.48 | ₹109.50 | ₹1,321.69 |
| 2024 | ₹988.30 | ₹842.79 | ₹14.24 | ₹1,822.98 |
| 2025 | ₹959.21 | ₹851.24 | ₹102.35 | ₹1,859.84 |
| September 2025 | ₹565.55 | ₹481.44 | ₹16.98 | ₹2,134.35 |
| KPI | Values |
| ROE: | (14.30)% |
| ROCE: | 0.87% |
| EBITDA Margin: | 11.68% |
| PAT Margin: | (11.07)% |
| Debt to equity ratio: | 0.99 |
| Earning Per Share (EPS): | ₹(1.80) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | (14.47)% |
| Net Asset Value (NAV): | ₹12.47 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Azad Engineering Limited | 14.66 | 106.19 | 6.21% | 234.06 | 457.35 Cr. |
| Unimech Aerospace and Manufacturing Limited | 17.59 | 59.30 | 12.48% | 141.01 | 242.93 Cr. |
| Amber Enterprises India Limited | 72.01 | 113.89 | 10.99% | 672.61 | 9,973.02 Cr. |
| Kaynes Technology India Limited | 45.82 | 161.70 | 10.33% | 439.85 | 2,721.25 Cr. |
| Dixon Technologies (India) Limited | 205.70 | 86.44 | 47.50% | 494.74 | 38,860.10 Cr. |
| PTC Industries Limited | 41.37 | 368.96 | 4.40% | 940.03 | 308.07 Cr. |
| IPO Open Date | December 3, 2025 (Tentative) |
| IPO Close Date | December 5, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹[.] Crores |
| Fresh Issue | Approx ₹670 Crores |
| Offer for Sale: | Approx 2,03,07,393 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |