Aequs IPO bidding to begin on Dec 3: Clients include Boeing, Airbus, Honeywell, SAAB
Aequs IPO will throw open its bidding window on Dec 3. Its public issue will comprises fresh issue to raise Rs 670.00 crores and an OFS segment through which the existing promoters will sell off 2.03 crore shares.
Kolkata: Aequs is a Bangalore-based company that is associated with big global brands such as Airbus, Boeing, Safran, Collins Aerospace, Honeywell and SAAB. It is actually a contract manufacturing company which offers vertically integrated, high-precision engineering and product solutions. The company has manufacturing facilities in the US and France besides India. It produces components for landing gear systems, engine parts, wing flap supports and power distribution unit trays for commercial aircraft such as Airbus A320 and Boeing 737. Its competencies include precision machining of aerostructure and aerosystem components, forging and heat treatment of high-strength components, sheet metal fabrication, surface treatment (through its JV Aerospace Processing India), aerostructure assemblies and testing and prototyping of components.
The Aequs IPO intends to raise fund through fresh issue shares that will aggregate to Rs 670 crore. There will also be an OFS segment that is yet to be announced. More than 2 crore shares will be sold under the OFS segment. The details will perhaps be announced today Nov 28. The promoter Melligeri Private Family Foundation is supposed to sell shares in the OFS segment and so will Amicus Capital and investor Ravindra Mariwala. The listing is expected on NSE and BSE on December 10.
Aequs IPO timeline
IPO bid opens: Dec 3, 2025
IPO bid closes: Dec 5
Allotment: Dec 8
Refunds: Dec 9
Credit of Shares to Demat: Dec 9
Listing: Dec 10
Cut-off time for UPI mandate confirmation: 5 pm on Dec 5
Deployment of IPO proceeds
Aequs will deploy Rs 433 crore of the funds raised through the fresh issue proceeds to prepay some of its outstanding debt of Rs 631 crore (as on October 31, 2025). Rs 64 crore will be spent to acquire new machinery and equipment. The rest could be used for acquisitions and corporate needs.