Aequs IPO

Aequs Limited is an Indian precision manufacturing powerhouse that specializes in the high-tech Aerospace and Consumer segments. They are famous for operating India’s first and only vertically integrated Aerospace Special Economic Zone (SEZ) in Belagavi, where they make complex parts for global giants like Boeing and Airbus.

Strengths:
Aequs possesses a "one-of-a-kind" manufacturing ecosystem. Unlike most companies that only do one part of the job, Aequs handles everything from forging and machining to surface treatment and final assembly within a single campus. This vertical integration significantly reduces costs and delivery times, making them a preferred partner for global aircraft manufacturers. Their long-term relationships with top-tier global OEMs (Original Equipment Manufacturers) act as a high entry barrier for competitors. Additionally, they have a diverse global footprint with facilities in India, the USA, and France, allowing them to serve international markets directly.

Growth:
The company’s growth is fueled by the booming global aerospace market and India's 'Make in India' initiative. With an order book exceeding $800 million, Aequs is aggressively scaling its aerospace business. They are not just limited to planes; they have expanded into consumer durables like toys and high-end cookware (leveraging their precision plastic and metal skills). The IPO funds are specifically aimed at reducing debt, which will lower interest costs and help the company transition toward net profitability. By moving into high-value engine components and expanding their consumer electronics manufacturing, Aequs is positioning itself to capture a larger slice of the global supply chain.