215  Total SME IPOs listed in 2025

9,882.61 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

70  SME IPOs listed with loss in 2025

215  Total SME IPOs listed in 2025

9,882.61 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

70  SME IPOs listed with loss in 2025

215  Total SME IPOs listed in 2025

9,882.61 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

70  SME IPOs listed with loss in 2025

215  Total SME IPOs listed in 2025

9882.61 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

70  SME IPOs listed with loss in 2025

Aequs Limited IPO Peer Comparison

Aequs IPO is a MainBoard Upcoming IPO coming on BSE,NSE with an IPO size of [●] .
This IPO falls under the Engineering sector, which has seen 42 IPOs to date. Key sector metrics such as average PE ratio, IPO size, EBITDA margin, and PAT margin are compared below with the figures from the Aequs IPO.

Aequs
IPO Details


IPO Industry -
Engineering

IPOs So Far: 42

Issue Size (IPO)

[●]

Total Fund Raised

₹ 26,952.06 Cr.

Average Issue Size

₹ 641.72 Cr.

PE Ratio (IPO)

[●] x

Average PE Ratio

23.06 x

EBITDA Margin (IPO)

11.68 %

Average EBITDA Margin

19.73 %

PAT Margin (IPO)

-11.07 %

Average PAT Margin

9.86 %

Aequs
IPO Details

IPO Industry

Engineering

IPOs So Far 42


IPO Fund Raised

[●]

Total Fund Raised

₹ 26,952.06 Cr.

Average Fund Raised

₹ 641.72 Cr.

IPO PE Ratio

[●] x

IPO EBITDA

11.68 %

IPO PAT

-11.07 %

Average PE Ratio

23.06 x

Average EBIDTA

19.73 %

Average PAT

9.86 %

Peer Companies of Aequs IPO as Per DRHP

Aequs IPO Peer Comparison with key metrics mentioned in the DRHP.

Company Name
Revenue
FV
CMP
PE
Basic EPS
Diluted EPS
RoNW %
NAV
924.61
10
-1.80
-1.80
-14.47%
12.47
457.35
2
1556.80
106.19
14.66
14.66
6.21%
234.06
242.93
5
1043.00
59.30
17.59
17.59
12.48%
141.01
9973.02
10
8162.50
113.89
72.01
71.67
10.99%
672.61
2721.25
10
7341.00
161.70
45.82
45.40
10.33%
439.85
38860.10
2
17511.00
86.44
205.70
202.58
47.50%
494.74
PTC Industries Limited
308.07
10
15249.00
368.96
41.37
41.33
4.40%
940.03
Company Name Revenue FV CMP PE Basic EPS Diluted EPS RoNW % NAV
Aequs Limited 924.61 10 -1.80 -1.80 -14.47% 12.47
Azad Engineering Limited 457.35 2 1556.80 106.19 14.66 14.66 6.21% 234.06
Unimech Aerospace And Manufacturing Limited 242.93 5 1043.00 59.30 17.59 17.59 12.48% 141.01
Amber Enterprises India Limited 9973.02 10 8162.50 113.89 72.01 71.67 10.99% 672.61
Kaynes Technology India Ltd 2721.25 10 7341.00 161.70 45.82 45.40 10.33% 439.85
Dixon Technologies (India) Limited 38860.10 2 17511.00 86.44 205.70 202.58 47.50% 494.74
PTC Industries Limited 308.07 10 15249.00 368.96 41.37 41.33 4.40% 940.03
Notes

1. All the financial information of the Company mentioned above has been derived from the Restated Consolidated Financial Information as at and for the financial year ended March 31, 2025.

2. Earnings per equity share for profit from discontinued & continuing operation attributable to owners of Aequs Limited (formerly known as Aequs Private Limited) (Basic and Diluted - in INR) (Nominal value per share: ₹ 10)

3. P/E ratio has been computed based on the closing market price of equity shares as on September 19, 2025 divided by the Diluted EPS.

4. EPS of the peers is taken as disclosed in annual consolidated financials for Financial Year 2025, Diluted EPS refers to the diluted earnings per share of the respective company. 3. Return on Net Worth (%) is calculated as Loss for the year divided by the net worth as at the end of the year.

5. Net asset value per Equity Share represents Net Worth as at the end of the year divided by weighted average number of Equity Shares considered for calculating basic and diluted EPS for the year.

6. Net Worth, as per Regulation 2(1)(hh) of the SEBI ICDR Regulations, means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the restated statement of assets and liabilities, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation. Further, Net worth is calculated by deducting the revaluation reserve and common control capital reserve from the equity attributable to owners of the Company. Equity attributable to owners of the Company comprises of equity share capital, instruments entirely equity in nature and other equity.

Peer Comparison of Aequs IPO in This Sector

You can do performance analysis for Aequs IPO with Listed IPOs in the Engineering sector and review their IPO performance based on Merchant banker, Listing price, IPO Valuation and other metrics.

Select Listed IPO for Comparison:
Basis
Aequs Limited IPO
vs
vs
vs

IPO Date
[●]


IPO Size
[●]

Total Assets
₹ 1,859.84 Cr.

Revenue
₹ 924.61 Cr.

PAT
₹ -102.35 Cr.

PAT Margin
-11.07 %

Leverage Ratio
0.61 x

PE Multiple
[●] x

EV/EBITDA
3.48 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

IPO Performance Report of Engineering Sector

This IPO report captures the post-listing performance of IPOs in the Engineering sector, featuring key metrics like offer price, listing gain, and CMP to help investors assess return potential and sector sentiment.

NAME OFFER PRICE LISTING PRICE LISTING GAIN CMP CMP %
Fabtech Technologies IPO
Financial Report >>
₹ 191.00 ₹ 192.00 0.52% ₹ 195 2%
Vikran Engineering IPO
Financial Report >>
₹ 97.00 ₹ 99.00 2.06% ₹ 104 8%
Globe Civil IPO
Financial Report >>
₹ 71.00 ₹ 90.00 26.76% ₹ 72 1%
Belrise Industries IPO
Financial Report >>
₹ 90.00 ₹ 89.80 -0.22% ₹ 155 72%
Standard Glass IPO
Financial Report >>
₹ 140.00 ₹ 163.35 16.68% ₹ 178 27%
Indo Farm IPO
Financial Report >>
₹ 215.00 ₹ 256.00 19.07% ₹ 231 8%
Carraro India IPO
Financial Report >>
₹ 704.00 ₹ 651.00 -7.53% ₹ 467 -34%
Transrail Lighting IPO
Financial Report >>
₹ 432.00 ₹ 590.00 36.57% ₹ 760 76%
Diffusion Engineers IPO
Financial Report >>
₹ 168.00 ₹ 197.35 17.47% ₹ 374 123%
KRN Heat IPO
Financial Report >>
₹ 220.00 ₹ 478.45 117.48% ₹ 845 284%
Gala Precision IPO
Financial Report >>
₹ 529.00 ₹ 787.05 48.78% ₹ 778 47%
DEE Development IPO
Financial Report >>
₹ 203.00 ₹ 335.00 65.02% ₹ 271 34%
JNK India IPO
Financial Report >>
₹ 415.00 ₹ 693.95 67.22% ₹ 308 -26%
SRM Contractors IPO
Financial Report >>
₹ 210.00 ₹ 236.20 12.48% ₹ 556 165%
Jyoti CNC IPO
Financial Report >>
₹ 331.00 ₹ 433.15 30.86% ₹ 964 191%
Azad Engineering IPO
Financial Report >>
₹ 524.00 ₹ 677.10 29.22% ₹ 1,656 216%
Inox India IPO
Financial Report >>
₹ 660.00 ₹ 939.90 42.41% ₹ 1,196 81%
Rishabh Instruments IPO
Financial Report >>
₹ 441.00 ₹ 442.75 0.40% ₹ 390 -11%
Vishnu Prakash IPO
Financial Report >>
₹ 99.00 ₹ 145.93 47.40% ₹ 98 -1%
Aeroflex Industries IPO
Financial Report >>
₹ 108.00 ₹ 163.15 51.06% ₹ 173 60%
Uniparts India IPO
Financial Report >>
₹ 577.00 ₹ 539.55 -6.49% ₹ 475 -18%
Harsha Engineers IPO
Financial Report >>
₹ 330.00 ₹ 485.90 485.90% ₹ 391 18%
Tarsons Products IPO
Financial Report >>
₹ 662.00 ₹ 840.00 840.00% ₹ 299 -55%
Sansera Engineering IPO
Financial Report >>
₹ 744.00 ₹ 818.70 818.70% ₹ 1,443 94%
G R IPO
Financial Report >>
₹ 837.00 ₹ 1,746.80 1746.80% ₹ 1,269 52%
MTAR Technologies IPO
Financial Report >>
₹ 575.00 ₹ 1,082.25 1082.25% ₹ 1,881 227%
Varroc Engineering IPO
Financial Report >>
₹ 967.00 ₹ 1,040.55 1040.55% ₹ 606 -37%
Sandhar Technologies IPO
Financial Report >>
₹ 332.00 ₹ 322.55 322.55% ₹ 518 56%
Cochin Shipyard IPO
Financial Report >>
₹ 432.00 ₹ 522.00 522.00% ₹ 1,776 722%
Endurance Technologies IPO
Financial Report >>
₹ 472.00 ₹ 647.70 647.70% ₹ 2,889 512%
GNA Axles IPO
Financial Report >>
₹ 207.00 ₹ 245.15 18.43% ₹ 313 51%
Dilip Buildcon IPO
Financial Report >>
₹ 219.00 ₹ 251.95 251.95% ₹ 524 139%
Precision Camshafts IPO
Financial Report >>
₹ 186.00 ₹ 177.25 177.25% ₹ 194 4%
Pennar Engineered IPO
Financial Report >>
₹ 178.00 ₹ 157.50 -11.52% [●] 0.00%
Power Mech IPO
Financial Report >>
₹ 640.00 ₹ 585.75 585.75% ₹ 2,680 319%
Engineers India IPO
Financial Report >>
₹ 150.00 ₹ 149.90 149.90% ₹ 203 35%
A2Z Maintenance IPO
Financial Report >>
₹ 400.00 ₹ 328.90 328.90% ₹ 18 -95%
Engineers India IPO
Financial Report >>
₹ 290.00 ₹ 321.15 321.15% ₹ 203 -30%
Shriram EPC IPO
Financial Report >>
₹ 300.00 ₹ 293.60 293.60% ₹ 12 -96%
PPAP Automotive IPO
Financial Report >>
₹ 150.00 ₹ 138.65 -7.57% ₹ 231 54%
Gayatri Projects IPO
Financial Report >>
₹ 295.00 ₹ 298.85 298.85% ₹ 10 -83%
Action Construction IPO
Financial Report >>
₹ 130.00 ₹ 193.45 193.45% ₹ 1,069 4012%

Sector wise IPO Performance Report Available >>

Aequs IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

Listed Peers IPO Details

Aequs Limited
[●]
IPO Size : [●]
Azad Engineering Limited
28th December 2023
IPO Size : 740.00 Cr.
Unimech Aerospace And Manufacturing Limited
31st December 2024
IPO Size : 500.00 Cr.
Amber Enterprises India Limited
30th January 2018
IPO Size : 600.00 Cr.
Kaynes Technology India Ltd
22nd November 2022
IPO Size : 857.82 Cr.
Dixon Technologies (India) Limited
18th September 2017
IPO Size : 600.00 Cr.
PTC Industries Limited
[●]
IPO Size : [●]
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Explore Other DRHPs

Fabtech Technologies Limited

  Engineering

  Mumbai


Vikran Engineering Limited

  Engineering

  Mumbai


Globe Civil Projects Limited

  Engineering - EPC

  New Delhi


Belrise Industries Limited

  Engineering - Automotive

  Mumbai


Standard Glass Lining Technology Limited

  Engineering

  Hyderabad


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SME IPO?
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FAQs of Aequs Limited IPO

Who are the peers of Aequs IPO

The peers of Aequs , include other listed companies operating in the (Engineering) segment. These peer companies typically offer similar services Some of the notable peers as per the DRHP of this company are Aequs Limited , Azad Engineering Limited , Unimech Aerospace And Manufacturing Limited , Amber Enterprises India Limited , Kaynes Technology India Ltd , Dixon Technologies (India) Limited , PTC Industries Limited
See the complete list of current IPO

What is Peer Comparison in IPO Analysis?

Peer Comparison is the method of evaluating an entity by comparing its performance, size of business form other entities operating in same industry or sector. It involves financial analysis by comparing key financial metrics like Profitability, Net worth, Market Capitalization and Leverage IPO Performance tracker

Why Peer Comparison is important for IPO Review?

Peer comparison helps to identify companies in the same sector with a similar business. It helps to compare the financial performance and valuation against its listed peers. An investor or an analyst can decide whether the IPO price is justified when compared to its peers. An investor can make informed decision whether to apply to IPO or not on basis of peer comparison. Know the process of DRHP and Peer companies Information required to be disclosed in DRHP.

As of now 42 IPOs are listed in this sector indicating strong growth in this sector. Choosing the best IPO depends on factors like, financial performance, valuation, market trends and future growth plans. IPO Review and performance.

What is a good PE ratio for an Engineering company?

A good PE Ratio for Engineering sector depends on various factors like, performance of the company, market conditions, company valuation and IPO Size. PE Ratio varies from sector to sector and company to company. Know the average PE Multiple in each sector.

How many companies are listed in the Engineering sector?

Currently 42 companies are listed under Engineering sector. Based on the latest data from the Stock Exchanges. Choose the Best Merchant Banker from the Merchant Banker List

Is Aequs IPO good in comparison with its competitors?

Performance of companies depends on various factors like, profits, future plans, Market share, PE Ratio etc. By assessing these factors investor can make better investment decisions.Aequs Peer comparison provides IPO analysis of companies listed in this sector, on the basis of different Key performance indicators (KPI)like, Listing Gain of peers, current market price, PE Ratio and IPO Size.

Which are the Upcoming IPO in the Engineering sector?

Upcoming IPO refers to companies which have filed their DRHP with the Stock exchange and are awaiting approval from NSE or BSE 21 companies have filed their DRHP for IPO under Engineering sector. .New IPO 2025-2026 and Upcoming IPO

How to calculate the PE multiple based on your sector?

PE Multiple is a metrics that is widely used for IPO Valuation. Merchant bankers in coordination with the company decides the PE Multiple.The PE Multiple depends on various factors and it should be analyzed in coordination with other financial metrics. Know the PE ratio of your company with PE Calculator provided by IPOplatform

Explore Other DRHPs

Fabtech Technologies Limited

  Engineering

  Mumbai


Vikran Engineering Limited

  Engineering

  Mumbai


Globe Civil Projects Limited

  Engineering - EPC

  New Delhi


Belrise Industries Limited

  Engineering - Automotive

  Mumbai


Standard Glass Lining Technology Limited

  Engineering

  Hyderabad


Read more details of this IPO

Peer Companies Of This Sector

FAQs

Aequs operates in Engineering and Precision Component Manufacturer. The Issue is listed on BSE,NSE in Oct, 2025. Aequs IPO size was with Issue price of .

Merchant Banker(s) of Aequs IPO: IIFL Securities Limited , Jm Financial Limited , Kotak Mahindra Capital Company Limited

Aequs IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Aequs IPO listed at a listing price of against the offer price of .

The current market price of Aequs is .

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