Subscribe for Aequs Ltd IPO; Ajcon Global

Ajcon Global, has come out with its report on Aequs Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on December 02, 2025.

Edited by : Subhash Helgaokar

December 03, 2025 / 12:14 IST

IPO

Ajcon Global, Aequs Ltd

Aequs Ltd. (AL) is a leading precision components manufacturer in India and the only company operating within a single SEZ to offer fully vertically integrated manufacturing capabilities in the aerospace segment, giving it a competitive edge over peers with selective manufacturing capacities. The company manufactures high-precision machined components for global OEMs and system integrators. As of March 31, 2025, the company has one of the most extensive aircraft product portfolios in the country, including engine systems, landing systems, cargo and interiors, structures, assemblies, and turned components. The Aerospace Segment remains the leading revenue contributor, delivering ₹473.95 crore in the six months ended September 30, 2025 and ₹824.64 crore in FY25, demonstrating strong customer traction and diverse product demand.

Valuation and Outlook

With one of the largest aerospace product portfolios in the country, long-standing relationships with global OEMs, and strategic joint ventures such as SQuAD Forging that enhance its metallurgy and forging capabilities, the company is well-positioned to benefit from rising global aerospace outsourcing and India’s increasing participation in high-precision manufacturing value chains. We give a ‘SUBSCRIBE’ rating to the issue.

For all IPO report, click here