Comparison between Aequs IPO and Bharat Coking Coal IPO.
Aequs IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Bharat Coking Coal 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 Bharat Coking Coal IPO is up to ₹1,068.78 Cr. The final issue price of Aequs IPO is ₹124.00 per share and of Bharat Coking Coal IPO is ₹23.00 per share.
| Aequs IPO | Bharat Coking Coal IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹118.00 per share | ₹21.00 per share |
| Issue Price (Upper) | ₹124.00 per share | ₹23.00 per share |
| Issue Price (Final) | ₹124.00 per share | ₹23.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹11.00 per share | ₹1.00 per share |
| Market Lot Size | 120 shares | 600 shares |
| Fresh Issue Size | 5,40,47,958 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹670.05 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 2,03,07,393 shares | 46,57,00,000 shares |
| OFS Issue Size (Amount) | up to ₹251.76 Cr | up to ₹1,068.78 Cr |
| Issue Size Total | 7,43,55,351 shares | 46,57,00,000 shares |
| Issue Size Total (Amount) | up to ₹921.81 Cr | up to ₹1,068.78 Cr |
Aequs IPO opens on Dec 03, 2025, while Bharat Coking Coal IPO opens on Jan 09, 2026. The closing date of Aequs IPO and Bharat Coking Coal IPO is Dec 05, 2025, and Jan 13, 2026, respectively.
| Aequs IPO | Bharat Coking Coal IPO | |
|---|---|---|
| Anchor Bid Date | Dec 02, 2025 | Jan 08, 2026 |
| Issue Open | Dec 03, 2025 | Jan 09, 2026 |
| Issue Close | Dec 05, 2025 | Jan 13, 2026 |
| Basis Of Allotment (Tentative) | Dec 08, 2025 | Jan 14, 2026 |
| Initiation of Refunds (Tentative) | Dec 09, 2025 | Jan 15, 2026 |
| Credit of Share (Tentative) | Dec 09, 2025 | Jan 15, 2026 |
| Listing date (Tentative) | Dec 10, 2025 | Jan 19, 2026 |
| Anchor Lockin End date 1 | Jan 06, 2026 | Feb 12, 2026 |
| Anchor Lockin End date 2 | Mar 07, 2026 | Apr 13, 2026 |
Aequs IPO P/E ratio is -74.71, as compared to Bharat Coking Coal IPO P/E ratio of 8.64.
| Aequs IPO | Bharat Coking Coal IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 64.48 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 59.09 | 90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | -74.71 | 8.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹8316.06 Cr. | ₹10711.10 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | -14.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 0.87 | 30.13% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹-1.66 | ₹2.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | -14.47 | 20.83% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aequs IPO Retail Individual Investors (RII) are offered 74,17,835 shares while in Bharat Coking Coal IPO retail investors are offered 74,17,835 shares. Qualified Institutional Buyers (QIB) are offered 2,22,53,510 shares in Aequs IPO and 7,91,69,000 shares in Bharat Coking Coal IPO.
| Aequs IPO | Bharat Coking Coal IPO | |
|---|---|---|
| Anchor Investor Reservation | 3,33,80,262 shares | 11,87,53,500 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 2,22,53,510 shares | 7,91,69,000 shares |
| NII | 1,11,26,753 shares | 5,93,76,750 shares |
| RII | 74,17,835 shares | 13,85,45,750 shares |
| Employee | 1,76,991 shares | 2,32,85,000 shares |
| Others | ||
| Total | 7,43,55,351 shares | 46,57,00,000 shares |
Aequs IPO subscribed 104.30x in total, whereas Bharat Coking Coal IPO subscribed 143.85x.
| Aequs IPO | Bharat Coking Coal IPO | |
|---|---|---|
| QIB (times) | 122.93x | 310.81x |
| NII (times) | 83.61x | 240.49x |
| Big NII (times) | 79.86x | 275.64x |
| Small NII (times) | 91.13x | 222.78x |
| RII (times) | 81.03x | 49.37x |
| Employee (times) | 37.86x | 5.17x |
| Other (times) | ||
| Total (times) | 104.30x | 143.85x |
