Aequs, a precision component manufacturer, aims to raise up to ₹720 crore through its initial public offering (IPO), as stated in its updated draft red herring prospectus (UDRHP) filed with market regulators.
The public offering consists of a fresh equity issue of up to ₹720 crore and an offer for sale (OFS) of up to 3.17 crore equity shares, each with a face value of ₹10.
Among the company’s existing institutional investors are Amicus Capital Private Equity I LLP, Amicus Capital Partners, Amansa Investments Ltd, Steadview Capital Mauritius Limited, Catamaran Ekam, and Sparta Group LLC. Collectively, these investors hold 25.54 percent of the pre-offer equity share capital.
The net proceeds from the fresh equity issue are intended for debt reduction, capital expenditures, funding inorganic growth through strategic acquisitions, and other corporate purposes.
Published on September 30, 2025.
