Aequs made a solid debut on the stock exchanges today, with shares listing at ₹140 on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), representing a 13 percent premium over the initial public offering (IPO) price of ₹124. Following this opening, the stock gained momentum, reaching ₹147.99 on the NSE as investor interest remained strong.
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd., commented on Aequs’ market entry, stating that while the performance was moderate compared to upper-end expectations, it still indicates a positive outlook for the firm.
Nyati highlighted Aequs’ capability to scale operations, bolster global customer relationships, and capitalize on India’s rising status in aerospace manufacturing as key points that position the company as a formidable long-term player. However, she also cautioned investors to consider risks associated with sector cyclicality, dependence on global aerospace demand, and capital-intensive execution.
For investors allocated shares, Nyati recommended considering booking partial profits from the initial 13 percent listing gain while retaining some shares for the medium to long term, given the company’s strong fundamentals and favorable industry trends. She advised short-term traders to maintain a stop-loss around ₹120 to manage early volatility. Overall, Nyati noted that Aequs’ debut underscores confidence in India’s ambitions in precision-engineering and aerospace manufacturing, suggesting the stock represents a potential structural growth story dependent on steady execution.
The positive listing follows a notably strong response to Aequs’ IPO, which raised ₹922 crore and was subscribed 101.63 times by the close of the issue. The quota for qualified institutional buyers (QIBs) received exceptional interest, achieving 120.92 times subscription, while non-institutional and retail investors subscribed 80.62 times and 78.05 times, respectively.
Prior to the offering, Aequs secured ₹414 crore from anchor investors, with the price band set between ₹118 and ₹124 per share, placing the company’s valuation at over ₹8,300 crore. The IPO included a fresh issue of ₹670 crore as well as an offer for sale of 2.03 crore shares valued at ₹252 crore, sold by promoters and existing shareholders.
Funds from the fresh issue will be allocated for loan repayment across Aequs and two subsidiaries—AeroStructures Manufacturing India and Aequs Consumer Products—as well as for purchasing machinery and equipment to support future growth through strategic acquisitions and initiatives.
Originally an aerospace components manufacturer, Aequs has diversified into consumer electronics, plastics, and consumer durables over the years. Its product offerings include cookware, small home appliances, toy vehicles, outdoor toys, and components for smart devices. The company counts major global entities such as Airbus, Boeing, Spirit AeroSystems, Safran, Honeywell, Hasbro, Wonderchef, and Tramontina among its clientele, with manufacturing facilities located across India, France, and the United States, including key operations in Belagavi, Hubballi, and Koppal in Karnataka.
The strong market entry reflects investor confidence in Aequs’ diverse manufacturing capabilities, expanding customer base, and long-term growth strategy.
Published on December 10, 2025.
