Aequs is an integrated aerospace manufacturing company operating from the Belagavi SEZ in Karnataka. It earns revenue by producing precision-engineered aerospace components through machining, forging and aerostructure manufacturing. Its products are used in global aerospace supply chains for aircraft structures and assemblies. The company focuses on large-scale, export-driven aerospace manufacturing enabled by SEZ benefits.

The Company is led by Promoter, i. e.,ARAVIND SHIVAPUTRAPPA MELLIGERI, AEQUS MANUFACTURING INVESTMENTS PRIVATE LIMITED, MELLIGERI PRIVATE FAMILY FOUNDATION AND THE MELLIGERI FOUNDATION

The Revenues from operations for the Period ended on Sep 30 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 5,655.45 Million, ₹ 9,592.13 Million, ₹ 9,883.04 Million, and ₹ 8,405.39 Million, The EBITDA for the Period ended on Sep 30 2025, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 841.06 Million, ₹ 1,079.69 Million, ₹ 1,455.10 Million, and ₹ 630.56 Million, The Profit after Tax for the Period ended on Sep 30 2025, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ -166.77 Million, ₹ -1,023.46 Million, ₹ -142.44 Million, and ₹ -1,094.95 Million, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹-1.8 and post-issue EPS of ₹-1.53 for FY25. The pre-issue P/E ratio is -68.89x,while the post-issue P/E ratio is -81.25x against the Industry P/E ratio is 148.69x The company's ROE for FY25 is -14.30% and RoNW is 14.47% The Annualised EPS is ₹-0.50x and P/E is -249.33x. These metrics suggest that the IPO is Fairly priced.

The Grey Market Premium (GMP) of Aequs showing listing gains of  20.96%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Apply to the Aequs Limited IPO for Listing gain or Long Term Purposes.