Aequs is a diversified contract manufacturing company that began in the aerospace segment and has since expanded into consumer electronics, plastics, and cookware/small home appliances. Its customer roster includes major aerospace OEMs such as Airbus, Boeing, Bombardier, Collins Aerospace, Spirit AeroSystems, Safran, GKN Aerospace, and Honeywell, alongside consumer-sector clients like Hasbro, Spinmaster, Wonderchef, and Tramontina. The firm operates three manufacturing clusters in Karnataka (Belagavi, Hubballi, and Koppal) as well as additional plants in France and the USA. Founded by Aravind Melligeri (co-founder of QuEST Global Engineering), Aequs is backed by Amicus Capital, Amansa Capital, Steadview Capital, Catamaran, and Sparta Group. Ahead of its planned IPO, the company executed a ₹144 crore pre-IPO placement that values the new shares at ₹123.97 apiece and represents 1.88 % of equity. IPO proceeds are earmarked for debt repayment, machinery purchases for Aequs and subsidiary AeroStructures Manufacturing India, and growth initiatives including acquisitions. The IPO draft papers originally targeted a ₹720 crore fresh issue, but this has been trimmed to about ₹576 crore after the pre-IPO raise.

Total raised

$70M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2025