Latest news with #Aequs
The Hindu
a day ago
- Business
- The Hindu
Aequs files for an IPO on a confidential basis
Aequs Limited, Belagavi-based aerospace company, has decided to issue an Initial Public Offer on a confidential basis. A pre-filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) on a confidential basis has been filled with the stock markets regulator, SEBI, and stock exchanges. It was announced on Tuesday. (June 3, 2025). The Board of Directors of Aequs Ltd. recently passed a resolution for approval to change its status to a public company and rename it from 'Aequs Private Limited' to 'Aequs Limited', as per its regulatory filing. The company is reportedly planning to launch an IPO worth $200 million, as per sources and past media reports. The offer will comprise both a fresh issue of equity shares and an offer for sale (OFS) component, according to company's regulatory filings. The company declined to comment. The book running leading managers to the IPO reportedly are Kotak Mahindra Capital, JM Financial and IIFL Capital. Aequs had received significant equity infusion over the years from its promoters to scale operations of the company. Additionally, it has attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group and the investment office of Desh Deshpande, as per publicly available information. The total income of the company was around Rs. 988 crore in FY24 and the total operating income was Rs. 970 crore in FY24. The company derives financial flexibility from continued promoter's support, the report said. ,p Aequs runs manufacturing operations across three countries – India, France, and the USA, to provide supply chain efficiencies to its global customer base in multiple industry verticals. Further, it operates three manufacturing clusters (Belgavi, Hubballi & Koppal) in Karnataka, India. Media reports mentioned that Aequs along with Tata Electronics, Motherson Group & Jabil are now producing mechanical components for Apple products. This is the only manufacturing facility outside of the Americas for Tramontina. Apart from making products for Tramontina worldwide, said a release.
Time of India
2 days ago
- Business
- Time of India
Aequs files IPO papers via confidential filing route; seeks to raise up to $200 million
Aequs, a contract manufacturing firm for consumer durable goods and aerospace parts, has filed draft papers with the markets regulator Sebi through a confidential pre-filing route , with an aim to raise around USD 200 million. The offer will comprise both a fresh issue of equity shares and an Offer For Sale (OFS) component. In a pubic announcement on Tuesday, Aequs said it has pre-filed a Draft Red Herring Prospectus (DRHP) for an IPO on a confidential basis with the stock markets regulator Sebi and stock exchanges. Accordingly to people familiar with the development, the company is planning to launch an IPO worth USD 200 million. To manage the offering, the company has appointed Kotak Mahindra Capital, JM Financial and IIFL Capital. Live Events The board of directors of Aequs recently passed a resolution for approval to change its status from a private entity to a public company. Aequs had received significant equity infusion over the years from its promoters to scale up operations. Additionally, it has attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N R Narayana Murthy), Sparta Group and the investment office of Desh Deshpande. Aequs provides a fully vertically integrated, precision manufacturing ecosystem for the aerospace and consumer sectors. It runs manufacturing operations across three countries, India, France, and the USA, to provide supply chain efficiencies to its global customer base in multiple industry verticals. Further, it operates three manufacturing clusters (Belgavi, Hubballi & Koppal) in Karnataka. Founder and CEO Aravind Melligeri has decades of experience in the aerospace segment and has been the co-founder of Quest Global Engineering. On the financial front, the company's total income was around Rs 988 crore in FY24, and the total operating income was Rs 970 crore. Aequs has opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans. Earlier this month, Groww filed its IPO papers through the same route. In recent months, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, also chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar filings. Online hotel aggregator OYO had used this route in 2023 but did not proceed with its IPO. Tata Play, formerly Tata Sky, was the first Indian company to utilise the confidential filing option in December 2022 and received Sebi's observation letter in April 2023, though it later withdrew from the public issue. Market experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage. PTI
Economic Times
2 days ago
- Business
- Economic Times
Aequs files IPO papers via confidential filing route; seeks to raise up to $200 million
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Aequs, a contract manufacturing firm for consumer durable goods and aerospace parts, has filed draft papers with the markets regulator Sebi through a confidential pre-filing route , with an aim to raise around USD 200 offer will comprise both a fresh issue of equity shares and an Offer For Sale (OFS) a pubic announcement on Tuesday, Aequs said it has pre-filed a Draft Red Herring Prospectus (DRHP) for an IPO on a confidential basis with the stock markets regulator Sebi and stock to people familiar with the development, the company is planning to launch an IPO worth USD 200 manage the offering, the company has appointed Kotak Mahindra Capital, JM Financial and IIFL board of directors of Aequs recently passed a resolution for approval to change its status from a private entity to a public had received significant equity infusion over the years from its promoters to scale up operations. Additionally, it has attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N R Narayana Murthy), Sparta Group and the investment office of Desh provides a fully vertically integrated, precision manufacturing ecosystem for the aerospace and consumer sectors. It runs manufacturing operations across three countries, India, France, and the USA, to provide supply chain efficiencies to its global customer base in multiple industry verticals. Further, it operates three manufacturing clusters (Belgavi, Hubballi & Koppal) in and CEO Aravind Melligeri has decades of experience in the aerospace segment and has been the co-founder of Quest Global the financial front, the company's total income was around Rs 988 crore in FY24, and the total operating income was Rs 970 has opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO this month, Groww filed its IPO papers through the same route. In recent months, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, also chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar hotel aggregator OYO had used this route in 2023 but did not proceed with its IPO. Tata Play, formerly Tata Sky, was the first Indian company to utilise the confidential filing option in December 2022 and received Sebi's observation letter in April 2023, though it later withdrew from the public experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage. PTI
Mint
2 days ago
- Business
- Mint
IPO Watch: Aequs files for IPO on a confidential basis; plans to raise up to $200 million
IPO Watch: Aequs Limited (Aequs), a manufacturing platform embodying the 'Make in India' initiative designed for global markets, has confidentially submitted a draft red herring prospectus (DRHP) for an initial public offering (IPO) to the stock market regulator, SEBI, and stock exchanges, as indicated by a public announcement that was published on June 3, 2025. The company offers a comprehensive, precision manufacturing ecosystem for the aerospace and consumer sectors. Recently, the Board of Directors of Aequs Ltd. approved a resolution to transition the company's status to a public entity and to change its name from 'Aequs Private Limited' to 'Aequs Limited,' in accordance with its regulatory filing. Aequs has received considerable equity investments from its promoters over the years to expand the company's operations. Furthermore, it has drawn the attention of global investors like Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group, and the investment office of Desh Deshpande, according to publicly accessible information. The firm successfully secured external funding through Convertible Cumulative Preference Shares (CCPS), totaling approximately ₹ 586 crore from private equity investors, which will be utilized to support the growing scale of its operations as indicated in a CareEdge Ratings report dated July 5, 2024. In FY24, the company's total income was about ₹ 988 crore (as per regulatory filings), while its total operating income reached ₹ 970 crore (according to the CareEdge Ratings Report) during the same fiscal year. Based on successful completion of its capital expenditure project and consistent order inflow in the aerospace sector, CareEdge Ratings anticipates that the company's revenue will experience a compounded annual growth rate (CAGR) of 45% in the near to medium term. The report highlighted that the company benefits from ongoing support from its promoters. Aravind Melligeri, the founder and Chairman & CEO, possesses decades of experience in the aerospace field and is a co-founder of QuEST Global Engineering Private Limited. Recently, the company announced the appointment of Jean-Michel Condamin as the Chief Executive Officer (CEO) of its Aerospace Division, while Rajeev Kaul serves as the Managing Director of Aequs Ltd. According to sources and previous media reports, the company is allegedly preparing to initiate an IPO valued at $200 million. The offering is expected to include both a new issue of equity shares and an offer for sale (OFS) segment, based on the company's regulatory documents. The company chose not to provide any comments. The book running lead managers for the IPO are said to be Kotak Mahindra Capital, JM Financial, and IIFL Capital. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
3 days ago
- Business
- Time of India
Aequs files confidential DRHP to raise Rs 1700 crore
(You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Belagavi-headquartered diversified contract manufacturer Aequs has filed a confidential draft RHP with SEBI with plans to raise $ 200 million (Rs 1700 crore) through an initial public offering (IPO), sources briefed on the matter promoted by US-based Hubballi-born entrepreneur Aravind Melligeri , operates a manufacturing SEZ in Belagavi, a large toy cluster at Koppal, and a consumer durable good cluster in Hubballi with manufacturing operations also in Texas (US) and Cholet (France). Melligeri is also the co-founder of QuEST Global Engineering. Aequs along with Tata Electronics, Motherson Group & Jabil produce mechanical components for Apple IPO, sources said, will consist of both fresh issue of equity shares and offer for sale by existing stakeholders. Aequs counts Amicus Capital, Amansa Capital, Steadview Capital, Catamaran, Sparta Group and Hubballi-born US-based entrepreneur Gururaj Deshpande as its did not respond to an email seeking its comments.
