Comparison between Aequs IPO and Fusion CX IPO.
Aequs IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Fusion CX IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Aequs IPO is up to ₹921.81 Cr whereas the issue size of the Fusion CX IPO is up to ₹1,000.00 Cr. The final issue price of Aequs IPO is ₹124.00 per share and of Fusion CX IPO is .
| Aequs IPO | Fusion CX IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ₹118.00 per share | |
| Issue Price (Upper) | ₹124.00 per share | |
| Issue Price (Final) | ₹124.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ₹11.00 per share | |
| Market Lot Size | 120 shares | |
| Fresh Issue Size | 5,40,47,958 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹670.05 Cr | up to ₹600.00 Cr |
| OFS Issue Size | 2,03,07,393 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹251.76 Cr | up to ₹400.00 Cr |
| Issue Size Total | 7,43,55,351 shares | 0 shares |
| Issue Size Total (Amount) | up to ₹921.81 Cr | up to ₹1,000.00 Cr |
Aequs IPO opens on Dec 03, 2025, while Fusion CX IPO opens on . The closing date of Aequs IPO and Fusion CX IPO is Dec 05, 2025, and , respectively.
| Aequs IPO | Fusion CX IPO | |
|---|---|---|
| Anchor Bid Date | Dec 02, 2025 | |
| Issue Open | Dec 03, 2025 | |
| Issue Close | Dec 05, 2025 | |
| Basis Of Allotment (Tentative) | Dec 08, 2025 | |
| Initiation of Refunds (Tentative) | Dec 09, 2025 | |
| Credit of Share (Tentative) | Dec 09, 2025 | |
| Listing date (Tentative) | Dec 10, 2025 | |
| Anchor Lockin End date 1 | Jan 06, 2026 | |
| Anchor Lockin End date 2 | Mar 07, 2026 |
Aequs IPO P/E ratio is -74.71, as compared to Fusion CX IPO P/E ratio of .
| Aequs IPO | Fusion CX IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)Aequs Ltd.'s revenue decreased by 3% and profit after tax (PAT) dropped by 619% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)
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| Promoter Shareholding (Pre-Issue) | 64.48 | 99.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 59.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | -74.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹8316.06 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | -14.30 | 13.37% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 0.87 | 19.56% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹-1.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | -14.47 | 13.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aequs IPO Retail Individual Investors (RII) are offered 74,17,835 shares while in Fusion CX IPO retail investors are offered 74,17,835 shares. Qualified Institutional Buyers (QIB) are offered 2,22,53,510 shares in Aequs IPO and 0 shares in Fusion CX IPO.
| Aequs IPO | Fusion CX IPO | |
|---|---|---|
| Anchor Investor Reservation | 3,33,80,262 shares | 0 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 2,22,53,510 shares | 0 shares |
| NII | 1,11,26,753 shares | 0 shares |
| RII | 74,17,835 shares | 0 shares |
| Employee | 1,76,991 shares | 0 shares |
| Others | ||
| Total | 7,43,55,351 shares | 0 shares |
Aequs IPO subscribed 104.30x in total, whereas Fusion CX IPO subscribed .
| Aequs IPO | Fusion CX IPO | |
|---|---|---|
| QIB (times) | 122.93x | |
| NII (times) | 83.61x | |
| Big NII (times) | 79.86x | |
| Small NII (times) | 91.13x | |
| RII (times) | 81.03x | |
| Employee (times) | 37.86x | |
| Other (times) | ||
| Total (times) | 104.30x |
