Established in 2000, Aequs Ltd. operates a Special Economic Zone (SEZ) in India, providing fully vertically integrated manufacturing services, primarily to the Aerospace Segment. The company’s core strength lies in its comprehensive aerospace product portfolio, which includes structures, landing systems (e.g., main landing gear components), interiors/cargo, engine systems, and actuation systems. As of September 30, 2025, Aequs was involved in over 5,000 product programs supporting major commercial aircraft platforms, including single-aisle (A220, B737) and long-range (A350, B787) jets.

Beyond aerospace, Aequs has strategically diversified into manufacturing for consumer electronics, plastics, and consumer durables, broadening its revenue base. This dual-segment focus provides a balanced exposure to high-precision aerospace manufacturing and consumer markets.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Advanced and vertically integrated precision manufacturing capabilities
• Operations in unique, engineering-led vertically-integrated precision manufacturing ecosystems
• Manufacturing presence across three continents with strategic proximity to end customers
• Comprehensive precision product portfolio across high value segments
• Long-standing relationships with high entry barrier global customers
• Founder-led business supported by an experienced management team and a qualified employee base

• Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable, availed by: (₹ 433.17 Cr.)
• The Company (₹ 17.55 Cr.)
• Three of the wholly-owned Subsidiaries, through investment in the below Subsidiaries (₹ 415.62 Cr.)
• AeroStructures Manufacturing India Private Limited (₹ 174.82 Cr.)
• Aequs Consumer Products Private Limited (₹ 231.16 Cr.)
• Aequs Engineered Plastics Private Limited (₹ 9.63 Cr.)
• Funding capital expenditure to be incurred on account of purchase of machinery and equipment by: (₹ 64 Cr.)
• Company (₹ 8.11 Cr.)
• One of the wholly-owned Subsidiaries, AeroStructures Manufacturing India Private Limited, through investment in such Subsidiary (₹ 55.89 Cr.)
• Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes

At the upper band of IPO ₹ 124, the stock is valued at a negative P/E multiple of 244.92. Hence, well-informed investors would wait before subscribing.