Comparison between Aequs IPO and PNGS Reva Diamond Jewellery IPO.
Aequs IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while PNGS Reva Diamond Jewellery 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 PNGS Reva Diamond Jewellery IPO is up to ₹379.52 Cr. The final issue price of Aequs IPO is ₹124.00 per share and of PNGS Reva Diamond Jewellery IPO is ₹386.00 per share.
| Aequs IPO | PNGS Reva Diamond Jewellery IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹118.00 per share | ₹367.00 per share |
| Issue Price (Upper) | ₹124.00 per share | ₹386.00 per share |
| Issue Price (Final) | ₹124.00 per share | ₹386.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹11.00 per share | |
| Market Lot Size | 120 shares | 32 shares |
| Fresh Issue Size | 5,40,47,958 shares | 98,32,000 shares |
| Fresh Issue Size (Amount) | up to ₹670.05 Cr | up to ₹379.52 Cr |
| OFS Issue Size | 2,03,07,393 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹251.76 Cr | up to ₹0.00 Cr |
| Issue Size Total | 7,43,55,351 shares | 98,32,000 shares |
| Issue Size Total (Amount) | up to ₹921.81 Cr | up to ₹379.52 Cr |
Aequs IPO opens on Dec 03, 2025, while PNGS Reva Diamond Jewellery IPO opens on Feb 24, 2026. The closing date of Aequs IPO and PNGS Reva Diamond Jewellery IPO is Dec 05, 2025, and Feb 26, 2026, respectively.
| Aequs IPO | PNGS Reva Diamond Jewellery IPO | |
|---|---|---|
| Anchor Bid Date | Dec 02, 2025 | Feb 23, 2026 |
| Issue Open | Dec 03, 2025 | Feb 24, 2026 |
| Issue Close | Dec 05, 2025 | Feb 26, 2026 |
| Basis Of Allotment (Tentative) | Dec 08, 2025 | Feb 27, 2026 |
| Initiation of Refunds (Tentative) | Dec 09, 2025 | Mar 02, 2026 |
| Credit of Share (Tentative) | Dec 09, 2025 | Mar 02, 2026 |
| Listing date (Tentative) | Dec 10, 2025 | Mar 04, 2026 |
| Anchor Lockin End date 1 | Jan 06, 2026 | Mar 28, 2026 |
| Anchor Lockin End date 2 | Mar 07, 2026 | May 27, 2026 |
Aequs IPO P/E ratio is -74.71, as compared to PNGS Reva Diamond Jewellery IPO P/E ratio of 10.96.
| Aequs IPO | PNGS Reva Diamond Jewellery 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)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 64.48 | 87.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 59.09 | 60.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | -74.71 | 10.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹8316.06 Cr. | ₹1224.04 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | -14.30 | 165.9% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 0.87 | 79.8% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.99 | 0.90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹-1.66 | ₹35.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | -14.47 | 59.36% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aequs IPO Retail Individual Investors (RII) are offered 74,17,835 shares while in PNGS Reva Diamond Jewellery IPO retail investors are offered 74,17,835 shares. Qualified Institutional Buyers (QIB) are offered 2,22,53,510 shares in Aequs IPO and 29,69,600 shares in PNGS Reva Diamond Jewellery IPO.
| Aequs IPO | PNGS Reva Diamond Jewellery IPO | |
|---|---|---|
| Anchor Investor Reservation | 3,33,80,262 shares | 44,19,200 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 2,22,53,510 shares | 29,69,600 shares |
| NII | 1,11,26,753 shares | 14,56,000 shares |
| RII | 74,17,835 shares | 9,77,216 shares |
| Employee | 1,76,991 shares | 9,984 shares |
| Others | ||
| Total | 7,43,55,351 shares | 98,32,000 shares |
Aequs IPO subscribed 104.30x in total, whereas PNGS Reva Diamond Jewellery IPO subscribed 1.30x.
| Aequs IPO | PNGS Reva Diamond Jewellery IPO | |
|---|---|---|
| QIB (times) | 122.93x | 1.10x |
| NII (times) | 83.61x | 1.62x |
| Big NII (times) | 79.86x | 1.71x |
| Small NII (times) | 91.13x | 1.44x |
| RII (times) | 81.03x | 1.37x |
| Employee (times) | 37.86x | 7.08x |
| Other (times) | ||
| Total (times) | 104.30x | 1.30x |
