Aequs Ltd IPO

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IPO Details

About the Company

Aequs Limited is a precision component manufacturer primarily engaged in producing vertically integrated components for the aerospace sector. The company manufactures precisely machined parts for original equipment manufacturers (OEMs) and system integrators, covering engine systems, landing systems, aircraft structures, cargo components, and interior assemblies. In addition to aerospace manufacturing, Aequs Limited has expanded its operations into consumer-focused segments, including plastics, consumer durables, and components for consumer electronics. These products include cookware, small home appliances, outdoor toys, figurines, and parts for portable computing and smart devices. The company operates three vertically integrated precision manufacturing ecosystems in India, supported by its facilities, select suppliers, and joint ventures (JVs). These ecosystems include machining, forging, surface treatment, and assembly capabilities. Aequs Limited also undertakes niche metallurgy works, such as machining titanium and high-end alloys. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties — Rs 433.17 crore Funding capital expenditure for the purchase of machinery and equipment — Rs 64.00 crore. Funding inorganic growth through unidentified acquisitions, other strategic initiatives, and general corporate purposes.