Nuvama Predicts 72% Upside for Aerospace Precision Stock, Riding High on a 100% IPO Surge.

Aequs, a leading aerospace precision manufacturer, made its stock market debut in December 2025 through an IPO valued at INR 921.81 crore. The issue price was set at INR 124 per share, and it recorded a commendable listing gain of 22.01%, indicating strong initial demand. Since that time, Aequs has experienced a robust performance, with its stock price rising to INR 258.30 per share, reflecting a remarkable 109.64% increase from its IPO price. This impressive trajectory is indicative of the market’s growing confidence in Aequs’ business model and future prospects.

The recent coverage initiated by Nuvama Institutional Equities has further buoyed market sentiment surrounding Aequs. With a high-conviction ‘Buy’ rating and a target price of INR 444, Nuvama projects a substantial 71.9% upside, underscoring a positive outlook driven by Aequs’ extensive order book of USD 889 million and strategic partnerships. Institutional interest in Aequs, especially with its unique position as India’s only vertically integrated aerospace SEZ, is seen as an encouraging sign for investors looking for solid player potential in the aerospace sector.

For Indian investors, Aequs presents a compelling opportunity, not only due to its established aerospace foundation but also potential growth in its consumer electronics segment. However, investors should remain cognizant of the associated risks, such as extended working capital cycles and dependency on global Original Equipment Manufacturer (OEM) recovery. As Aequs continues to navigate these challenges, its significant order visibility and strategic growth initiatives could serve as vital indicators for promising returns in the fast-evolving aerospace and consumer electronics markets.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)