Bengaluru: Belagavi based Aequs Limited will open its Initial Public Offering (IPO) on Wednesday, December 3, 2025, with the issue closing on Friday, December 5, 2025. The Anchor Investor window is scheduled for Tuesday, December 2, 2025.
The Price Band has been set at ₹118 to ₹124 per equity share, with bids required for a minimum of 120 shares and in multiples thereafter.
The IPO comprises a fresh issue of ₹670 crore and an offer for sale of up to 2,03,07,393 equity shares. The equity shares, priced at a face value of ₹10 each, are proposed to be listed on BSE and NSE, with NSE as the designated exchange.
JM Financial, IIFL Capital Services, and Kotak Mahindra Capital are the Book Running Lead Managers to the offer.
The IPO will be conducted through the Book Building Process in line with SEBI ICDR norms. At least 75% of the net offer will be allocated to Qualified Institutional Buyers, with up to 60% of this portion available for Anchor Investors. Up to 15% will be reserved for Non-Institutional Investors and 10% for Retail Investors, with a separate reservation for eligible employees.
All investors, except Anchor Investors, must apply via the ASBA route.
RHP Link: https://live.jmfl.com/od/UploadedFiles/D0456858-180C-4361-83F0-946D0B04EDA6.pdf
