Aequs made a decent debut on the stock exchanges today, with its shares listing at ₹140 on both the NSE and BSE, a 13 per cent premium over the IPO price of ₹124. The stock gained further momentum soon after opening, surging to ₹147.99 on the NSE as investor interest remained elevated.
It closed at 151.50 and 151.29 on the BSE and NSE, respectively.
According to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd., Aequs’ market debut, though moderate compared with upper-end expectations, still reflects a constructive outlook for the company.
She noted that Aequs’ ability to scale operations, strengthen global customer relationships and benefit from India’s growing prominence in aerospace manufacturing positions it as a strong long-term contender, even as investors must factor in risks such as sector cyclicality, reliance on global aerospace demand and capital-intensive execution.
Nyati recommended that allotted investors consider booking partial profits after the 13 per cent listing gain while holding the remaining shares for the medium to long term, supported by the company’s fundamentals and industry tailwinds. Short-term traders, she added, may maintain a stop-loss near ₹120 to navigate early volatility. Overall, she said Aequs’ debut reinforces confidence in India’s precision-engineering and aerospace manufacturing ambitions, with the stock representing a potential structural growth story contingent on consistent execution.
Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said Aequs’ listing came in below the firm’s expectations, but he viewed this as an opportunity for investors to accumulate and hold the stock for the long term. He noted that the company is likely to perform well post-listing, supported by strong subscription momentum and sustained investor interest in what he described as one of India’s most advanced, fully integrated aerospace precision-manufacturing platforms.
Citing Aequs’ competitive positioning, global customer relationships and alignment with India’s growing aerospace manufacturing landscape, Tapse reiterated a “hold for long term” recommendation for allotted investors.
The upbeat listing comes after an exceptionally strong response to the company’s initial public offering.
The ₹922-crore IPO was subscribed. The quota for QIBs was the standout, attracting 120.92 times subscription. Non-institutional investors subscribed 80.62 times, while the retail portion was booked 78.05 times.
Ahead of the issue, Aequs raised ₹414 crore from anchor investors. The price band for the issue was set at ₹118–124 per share, valuing the company at over ₹8,300 crore.
The IPO comprised a fresh issue of ₹670 crore and an offer for sale of 2.03 crore shares worth ₹252 crore by promoters and existing shareholders.
Proceeds from the fresh issue will go towards loan repayment for Aequs and two of its subsidiaries — AeroStructures Manufacturing India and Aequs Consumer Products — as well as the purchase of machinery and equipment, and support for future growth through acquisitions and other strategic initiatives.
Aequs, which began as an aerospace components manufacturer, has over the years expanded into consumer electronics, plastics, and consumer durables.
Its portfolio includes cookware, small home appliances, toy vehicles, outdoor toys, and components for smart devices.
The company counts major global names such as Airbus, Boeing, Spirit AeroSystems, Safran, Honeywell, Hasbro, Wonderchef, and Tramontina among its clients. It operates manufacturing facilities across India, France, and the US, including three key clusters in Belagavi, Hubballi, and Koppal in Karnataka.
The strong market debut reflects investor confidence in Aequs’ diversified manufacturing capabilities, expanding customer base, and long-term growth strategy.