BAJAJ FINSERV DIRECT LIMITED

Our Products

Loans

Cards

Insurance

Investment

Stock Market

Electronics Mall

CIBIL Score

Knowledge Centre

Calculators

IPO-Insights

Aequs Ltd IPO – Subscription Status, Dates, and How to Apply

Anshika

Explore how Aequs Ltd’s IPO performed on its opening day of subscription, including category-wise investor participation, price band, lot size, important dates, and how investors can apply via ASBA or UPI.

Aequs Ltd opened its maiden public issue on December 3, 2025, bringing to market one of India’s leading aerospace component manufacturers with a strong global customer base. The IPO is a large ₹921.81 Crore book-built issue, offered in a price range of ₹118–₹124 per share, making it one of the more significant mainboard offerings of the month.

With its integrated manufacturing ecosystem and strong export presence, the IPO has drawn notable early attention—particularly from retail and non-institutional investors tracking the aerospace and defence sector.

Aequs Ltd IPO Subscription Status

The Aequs Ltd IPO opened to strong investor interest on Day 1, with participation led by retail and non-institutional bidders. The overall subscription reached 2.91x by the first day’s close, indicating robust early traction.

Day 1 Subscription Status (December 3, 2025)

Investor Category Subscription (Times)

Qualified Institutional Buyers (QIB)

0.48x

Retail Individual Investors (RII)

10.35x

Non-Institutional Investors (NII)

2.67x

Others

5.79x

Total

2.91x

The IPO’s debut saw exceptionally strong retail participation, oversubscribing more than 10× on Day 1. NII and “Others” categories also contributed significant demand, signaling confidence in the company’s long-term growth prospects within the aerospace manufacturing space.

Day 2 Subscription Status (December 4, 2025)

The Aequs Ltd IPO continued its rapid growth trajectory on Day 2, registering heightened traction across all investor classes. The overall subscription climbed significantly to 5.43×, driven largely by robust retail and NII participation.

Investor Category Subscription (Times)

Qualified Institutional Buyers (QIB)

0.67×

Retail Individual Investors (RII)

17.7×

Non-Institutional Investors (NII)

6.52×

Others

9.34×

Total

5.43×

Retail investors overwhelmingly dominated demand with 17.7× subscription, reflecting extremely strong interest in the offering. NIIs and the “Others” category also saw substantial bidding activity, reinforcing the IPO’s strong reception in the market.

Aequs Ltd IPO Price Band and Lot Size

The price band for the Aequs Ltd IPO is set between ₹118 and ₹124 per share, with a face value of ₹10 per share. Investors can apply for a minimum of 1 lot (120 shares) and in multiples of 120 shares thereafter.

At the upper price limit, one retail lot amounts to an investment of ₹14,880, making the IPO accessible to a wide range of investors, particularly retail participants interested in the aerospace and manufacturing sectors.

Investor Category Lots Shares Amount (₹)

Retail (Min/Max)

1

120

₹14,880

S-HNI (Min)

17

2,040

₹2,02,320

B-HNI (Min)

84

10,080

₹9,99,840

The pricing and lot structure reflect standard mainboard IPO norms, offering flexible entry points for retail, S-HNI, and institutional investors seeking exposure to India’s expanding aerospace manufacturing ecosystem.

For detailed insights about the company, issue particulars, and the latest updates, visit the Aequs Ltd IPO on Bajaj Markets.

Aequs Ltd IPO Open Date, Close Date, and Allotment Timeline

The timeline below shows key milestones for the IPO, from bidding to listing:

Event Date Details

IPO Open Date

December 3, 2025

Subscription begins

IPO Close Date

December 5, 2025

Final day to place bids

Basis of Allotment

December 8, 2025

Allotment finalization

Refunds Initiation

December 9, 2025

Refunds for non-allottees begin

Credit of Shares to Demat

December 9, 2025

Shares credited to successful applicants

Listing Date

December 10, 2025

Shares debut on NSE & BSE

Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.

How to Apply for Aequs Ltd IPO

Investors can apply for the Aequs Ltd IPO using either the ASBA facility through your bank or via UPI on broker platforms.

Through ASBA (Net Banking)

This is a convenient and secure method where your application amount stays blocked until shares are allotted.

  1. Log in to your internet banking account.

  2. Go to the ‘Investments’ or ‘IPO Application’ section.

  3. Select ‘Aequs Ltd IPO’ from the available list.

  4. Enter your preferred bid quantity and price.

  5. Confirm and submit your application.

  6. The bid amount will remain blocked in your account until allotment.

  7. Upon allotment, the amount will be debited, and shares credited to your Demat account.

Through UPI via Broker Platforms

You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.

  1. Log in to your trading account or Demat account on your broker’s platform or financial marketplace.

  2. Navigate to the IPO section and select ‘Aequs Ltd IPO’.

  3. Enter your application details including number of lots and price.

  4. Provide your UPI ID linked to your bank account.

  5. Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).

  6. Funds will be debited only upon share allotment.

  7. Once allotted, shares will be credited directly to your Demat account.

Check other Upcoming IPO’s here: Upcoming IPO

Disclaimer

The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner

Hi! I’m Anshika
Financial Content Specialist

Anshika brings 7+ years of experience in stock market operations, project management, and investment banking processes. She has led cross-functional initiatives and managed the delivery of digital investment portals. Backed by industry certifications, she holds a strong foundation in financial operations. With deep expertise in capital markets, she connects strategy with execution, ensuring compliance to deliver impact. 

Home
Steal Deals
CIBIL Score
Free Cibil
Accounts
Explore