Exchanges
BSE, NSE
Industry
Aerospace & Defense
Issue
Book building

Aequs IPO

₹151.29

+22.01% on listing

Listing-day close · NSE · 10 Dec 2025 · issue price ₹124

Aequs’ ₹922 crore IPO was priced at ₹124 a share. It listed on the NSE on 10 Dec 2025 and closed its first day at ₹151.29, up 22.01% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Refunds
  5. Shares in demat
  6. Listing

Issue details

Issue size
₹922 Cr
Fresh issue
₹670 Cr
Offer for sale
₹252 Cr
Lot size
120 shares
Minimum investment
₹14,880
Face value
₹10
Registrar
Kfin Technologies

Subscription

Aequs IPO subscription by investor category
CategoryShares offeredTimes subscribed
Total—57.41×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue)
₹8,316 Cr
P/E (post-issue)
-244.9
EPS (post-issue)
−₹0.51
Price to book
9.9
ROE
−14.30%
ROCE
0.87%
Debt to equity
0.99
EBITDA margin
11.68%
PAT margin
−11.07%
Promoter holding
64.48% → 59.09%

Financials as of 31 Mar 2025, from the offer documents.

Listing

Listing date
10 Dec 2025
Issue price
₹124
Open
₹140.00
High
₹157.00
Low
₹135.40
Close
₹151.29

Listing day on the NSE. The close was +22.01% on the issue price.

FAQs

When did the Aequs IPO open and close?

It opened on 3 Dec 2025 and closed on 5 Dec 2025.

What was the Aequs IPO price?

The price band was ₹118–124 a share. The final issue price was ₹124.

What is the lot size and minimum investment?

One lot is 120 shares, ₹14,880 at ₹124 a share. Retail investors apply in whole lots.

How much did Aequs raise?

₹922 crore: ₹670 crore of new shares and ₹252 crore offered by existing shareholders.

How many times was the Aequs IPO subscribed?

57.41 times overall.

How did Aequs list?

It listed on the NSE on 10 Dec 2025 at ₹140.00 and closed the day at ₹151.29, up 22.01% on the ₹124 issue price.

Who is the registrar of the Aequs IPO?

Kfin Technologies handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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