Subscribe for Aequs Ltd IPO; Geojit Financial Services

Geojit Financial Services, 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 03, 2025.

Broker Research

December 04, 2025 / 10:18 IST

IPO

Geojit Financial Services, Aequs Ltd

Aequs Ltd. (AL), founded in 2000, is a precision engineering firm operating from a single SEZ with fully integrated manufacturing capabilities, primarily serving the aerospace sector (~90% of FY25 revenue). The company has expanded into consumer electronics (portable computers, smart devices), plastics (toys, figurines), and consumer durables (cookware, small appliances). Its aerospace clientele includes Boeing, Airbus,Bombardier etc. while consumer brands served include Hasbro, Spin Master, and Tramontina. AL runs three manufacturing clusters in India and maintains two facilities in France and the U.S. The Indian precision engineering components (PEC) market, valued at ₹2,992.92 billion in 2024, is projected to reach ₹4,946.96 billion by 2030 at an 8.74% CAGR, driven by government-led manufacturing initiatives, global value chain integration (China+1), cost competitiveness, skilled labour, and rising demand across automotive, aerospace, and electronics sectors.

Valuation and Outlook

Though currently lossmaking, long-term prospects are supported by aerospace tailwinds and diversification into consumer durables. We recommend a ‘Subscribe’ rating for high-risk investors with a long-term horizon.

For all IPO report, click here