Description
NSE circular announcing the listing of Aequs Limited's equity shares on the Capital Market segment effective December 10, 2025, following their Initial Public Offering at an issue price of Rs. 124 per share.
Summary
National Stock Exchange of India has announced the listing of Aequs Limited’s equity shares on the Capital Market segment effective December 10, 2025. The company’s IPO consists of 670,665,635 equity shares of Rs. 10/- face value each, issued at Rs. 124/- per share. The stock will trade under the symbol “AEQUS” with ISIN INE947N01017 and will participate in the pre-open session for IPO category scrips as per SEBI guidelines.
Key Points
- Company Name: Aequs Limited
- Trading Symbol: AEQUS
- ISIN: INE947N01017
- Face Value: Rs. 10/- per share
- Issue Price: Rs. 124/- per share
- Total Shares: 670,665,635 equity shares
- Market Lot: 1 share
- Series: EQ (Equity)
- Trading Start Date: December 10, 2025
- Pari Passu: Yes
- Pre-open Session: Applicable for IPO category as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012
Regulatory Changes
No new regulatory changes introduced. The listing follows existing NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 and 2.5.5) and SEBI pre-open session guidelines for IPO listings.
Compliance Requirements
- Trading Members: Must use the designated security code “AEQUS” and ISIN INE947N01017 for all trading activities
- Lot Size Compliance: Trading must be conducted in the specified market lot of 1 share
- Pre-open Session: Members must follow pre-open session protocols for IPO category scrips
- Lock-in Compliance: Various lock-in periods apply to different shareholder categories (see Important Dates section)
Important Dates
- Listing Date: December 10, 2025
- Circular Effective Date: December 10, 2025
- Lock-in Expiry Dates (for different shareholder categories):
- 145,942,023 shares: June 8, 2026
- 134,133,250 shares: December 8, 2028
- 258,013,045 shares: December 8, 2026
- 1,209,969 shares: May 10, 2026
- 16,690,131 shares: January 6, 2026
- 16,690,131 shares: March 7, 2026
- Remaining shares: Free (no lock-in)
Impact Assessment
Market Impact: Medium - The listing adds a new aerospace and precision engineering company to NSE, expanding investment options in the manufacturing sector. With an issue size of approximately Rs. 8,316 crores (670.67 million shares × Rs. 124), this represents a significant IPO that could attract institutional and retail investor interest.
Operational Impact: Standard listing procedures apply. Trading members need to update their systems with the new security code and ISIN. The pre-open session requirement ensures price discovery mechanism is in place from the first day of trading.
Lock-in Structure: Approximately 572.5 million shares (85.4% of total) have varying lock-in periods ranging from January 2026 to December 2028, which will limit immediate liquidity. Only about 98.2 million shares (14.6%) are freely tradable from listing date.
Company Details
Registered Office: Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post, Bengaluru - 560048, Karnataka
Corporate Office: Aequs SEZ, No. 437/A, Hattargi Village, Hukkeri Taluk, Belagavi - 591243, Karnataka
Contact: +91 9632058521 | investor.relations@aequs.com | www.aequs.com
Company Secretary: Mr. Ravi Mallikarjun Hugar
Registrar: KFin Technologies Limited, Hyderabad | aequs.ipo@kfintech.com
Financial Year: April 2025 - March 2026
Impact Justification
New IPO listing adds trading opportunity but affects only participants interested in this specific stock. Standard listing procedure with lock-in provisions for certain shareholders.