Aequs IPO

Company Overview

Aequs is a diversified contract manufacturing company operating across aerospace, consumer durable components, and toys. The company runs one of India’s largest aerospace manufacturing ecosystems, offering precision machining, forging, surface treatment, and assembly services. Aequs also operates India’s first toy manufacturing cluster and supplies to major global OEMs.

Key Highlights

• India’s leading integrated aerospace manufacturing cluster.

• Long-term relationships with global aerospace and consumer brands.

• Diversified manufacturing portfolio: aerospace components, consumer products, toys.

• Strong export-driven business with global market access.

• Cluster-based ecosystem helps reduce cost, lead time, and logistical challenges.

• Expansion into new verticals enhances long-term scale and stability.

IPO Objective

• Funding for capacity expansion across aerospace and consumer goods divisions.

• Strengthening the integrated manufacturing ecosystem within the SEZ.

• Investment in automation, precision machinery, and technology upgrades.

• Working capital requirements for new contracts.

• General corporate purposes.

Financial Performance

(Awaiting official DRHP data; below is general performance insight)

• Consistent revenue growth driven by aerospace exports and new consumer verticals.

• Strong operational efficiencies due to integrated cluster model.

• Improving margins as capacity utilization rises.

• Increasing contribution from toys and consumer durable components.

• Robust order pipeline from global OEM partners.

Company Strengths

• One of India’s largest aerospace SEZs with end-to-end manufacturing.

• Expertise in precision engineering, machining, forging, and finishing.

• Diversified revenue streams reduce industry concentration risk.

• Strong relationships with global aerospace and consumer brands.

• Scalable cluster model offering cost and efficiency advantages.

• High entry barrier industry with long-term contract cycles.

Industry Outlook

• Aerospace industry expected strong recovery driven by global fleet expansion.

• India becoming a major hub for precision engineering and contract manufacturing.

• Rising demand for consumer durable components and made-in-India toys.

• Global supply chain diversification shifting manufacturing to India.

• Increasing government support for defence and aerospace production.\