Aequs files ₹720 crore IPO to fund debt repayment
Aequs, a Karnataka-based aerospace parts maker, is looking to raise ₹720 crore through an IPO filed with SEBI on September 30, 2025.
The fresh funds are set to help repay ₹419.2 crore in debt, buy new machinery, and support future acquisitions.
Existing investors like Amicus Capital and Amansa Investments will also sell over 3.17 crore shares in an offer-for-sale.
There's a chance Aequs might bring in another ₹144 crore from a pre-IPO round.
Aequs's aerospace business
Aequs builds precision components for big names like Airbus, Boeing, and Honeywell. With manufacturing sites across India, the company supports complex production for global aerospace giants.
Despite reporting a bigger loss of ₹102 crore on lower revenue this past year (FY25), Aequs is looking to strengthen its financial footing through the IPO.
IPO process
JM Financial, IIFL Capital Services, and Kotak Mahindra Capital are managing the IPO process for Aequs as it looks to expand its reach even further.