Aequs to raise ₹864 crore via IPO
Aequs, a company making precision parts for aerospace and consumer brands, is looking to raise ₹864 crore through an IPO and pre-IPO placement.
The plan includes a fresh equity issue of ₹720 crore and selling 3.17 crore shares from existing promoters and investors.
There's also a chance to raise up to ₹144 crore before the IPO officially opens.
A look at the company's business
Started in 2009, Aequs builds everything from aircraft engine parts for giants like Airbus and Boeing, to components for electronics and consumer products.
Their main base is in Belagavi, but they've expanded into North America and Europe by acquiring companies to boost their aerospace game.
Key details of the IPO
Funds from the IPO will help pay off company debts, buy new machinery, and support more growth—possibly through more acquisitions.
Right now, promoters own about 66% of the company while investors like Amicus Capital hold around 32%. Amicus is also selling a big chunk of shares in this offer.
For FY25 (the year ending March 2025), Aequs reported revenues of ₹924.6 crore but ended with a net loss of ₹102.3 crore.