Aequs recordsdata for an IPO on a confidential foundation

Aequs Restricted, Belagavi-based aerospace firm, has determined to problem an Preliminary Public Supply on a confidential foundation. A pre-filed a draft pink herring prospectus (DRHP) for an preliminary public providing (IPO) on a confidential foundation has been full of the inventory markets regulator, SEBI, and inventory exchanges. It was introduced on Tuesday. (June 3, 2025).

The Board of Administrators of Aequs Ltd. lately handed a decision for approval to vary its standing to a public firm and rename it from “Aequs Non-public Restricted” to “Aequs Restricted”, as per its regulatory submitting. The corporate is reportedly planning to launch an IPO price $200 million, as per sources and previous media studies. The supply will comprise each a recent problem of fairness shares and a suggestion on the market (OFS) element, in accordance with firm’s regulatory filings. The corporate declined to remark. The guide operating main managers to the IPO reportedly are Kotak Mahindra Capital, JM Monetary and IIFL Capital.

Aequs had obtained important fairness infusion through the years from its promoters to scale operations of the corporate. Moreover, it has attracted world buyers similar to Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the household workplace of Infosys founder N. R. Narayana Murthy), Sparta Group and the funding workplace of Desh Deshpande, as per publicly accessible info. The whole revenue of the corporate was round Rs. 988 crore in FY24 and the overall working revenue was Rs. 970 crore in FY24.

The corporate derives monetary flexibility from continued promoter’s assist, the report stated. ,p

Aequs runs manufacturing operations throughout three nations – India, France, and the USA, to supply provide chain efficiencies to its world buyer base in a number of trade verticals. Additional, it operates three manufacturing clusters (Belgavi, Hubballi & Koppal) in Karnataka, India. Media studies talked about that Aequs together with Tata Electronics, Motherson Group & Jabil are actually producing mechanical parts for Apple merchandise.

That is the one manufacturing facility outdoors of the Americas for Tramontina. Other than making merchandise for Tramontina worldwide, stated a launch.