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Time of India
10-07-2025
- Business
- Time of India
Aggcon Equipments International files DRHP for IPO to raise over Rs 330 crore
Aggcon Equipments International has filed its DRHP with Sebi for an IPO comprising a Rs 332 crore fresh issue and OFS. Proceeds will fund debt repayment, equipment purchases, and general corporate needs. FY25 profit rose 36% YoY. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Haryana-based Aggcon Equipments International, a fast-growing infrastructure equipment rental company, has filed its Draft Red Herring Prospectus (DRHP) with the Sebi to float an IPO. The proposed issue will comprise a fresh issue of shares worth Rs 332.04 crore and an offer-for-sale (OFS) of 94 lakh equity shares by promoters Jitender Aggarwal and Renu to the DRHP, Rs 168 crore from the fresh issue will be used to repay or prepay borrowings, while Rs 84.03 crore will be allocated for capital expenditure, mainly towards the purchase of new equipment. The remaining funds will be used for general corporate in 2003, Aggcon has emerged as one of India's leading infrastructure equipment rental companies catering exclusively to the construction and engineering sectors. With over 337 fleets as of March 31, 2025—ranging from earthmoving machines and aerial work platforms to road construction and foundation equipment—the company is one of the few players in India offering end-to-end rental services across this equipment is used in major infrastructure projects across 27 states and five union territories, with clientele that includes Afcons Infrastructure , Tata Projects, Monte Carlo, Rahee Infratech, G.R. Infraprojects, and PNC Infratech The company's fleet has been deployed in high-profile national infrastructure developments such as the Mumbai Trans Harbour Link (MTHL), INS Varsha submarine bunker, Kudankulam Nuclear Power Plant, and the Dhubri-Phulbari by original equipment makers like L&T Construction, Hyundai, Wirtgen, and Sany India, Aggcon reported a 19.47% jump in revenue to Rs 164.02 crore in FY25, compared to Rs 137.29 crore in FY24. Net profit rose 35.64% year-on-year to Rs 30.71 crore, driven by increased rental and freight income and greater operating of March 2025, the company had served more than 500 customers and acquired four subsidiaries—Savbri International, RJSP Logistics, Remodelers Buildcon, and Max Rentals—to strengthen its asset and logistics Oswal Investment Advisors is acting as the sole book-running lead manager, while MUFG Intime India (Link Intime) is the registrar. The equity shares are proposed to be listed on both BSE and NSE.
Economic Times
10-07-2025
- Business
- Economic Times
Aggcon Equipments International files DRHP for IPO to raise over Rs 330 crore
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Haryana-based Aggcon Equipments International, a fast-growing infrastructure equipment rental company, has filed its Draft Red Herring Prospectus (DRHP) with the Sebi to float an IPO. The proposed issue will comprise a fresh issue of shares worth Rs 332.04 crore and an offer-for-sale (OFS) of 94 lakh equity shares by promoters Jitender Aggarwal and Renu to the DRHP, Rs 168 crore from the fresh issue will be used to repay or prepay borrowings, while Rs 84.03 crore will be allocated for capital expenditure, mainly towards the purchase of new equipment. The remaining funds will be used for general corporate in 2003, Aggcon has emerged as one of India's leading infrastructure equipment rental companies catering exclusively to the construction and engineering sectors. With over 337 fleets as of March 31, 2025—ranging from earthmoving machines and aerial work platforms to road construction and foundation equipment—the company is one of the few players in India offering end-to-end rental services across this equipment is used in major infrastructure projects across 27 states and five union territories, with clientele that includes Afcons Infrastructure , Tata Projects, Monte Carlo, Rahee Infratech, G.R. Infraprojects, and PNC Infratech The company's fleet has been deployed in high-profile national infrastructure developments such as the Mumbai Trans Harbour Link (MTHL), INS Varsha submarine bunker, Kudankulam Nuclear Power Plant, and the Dhubri-Phulbari by original equipment makers like L&T Construction, Hyundai, Wirtgen, and Sany India, Aggcon reported a 19.47% jump in revenue to Rs 164.02 crore in FY25, compared to Rs 137.29 crore in FY24. Net profit rose 35.64% year-on-year to Rs 30.71 crore, driven by increased rental and freight income and greater operating of March 2025, the company had served more than 500 customers and acquired four subsidiaries—Savbri International, RJSP Logistics, Remodelers Buildcon, and Max Rentals—to strengthen its asset and logistics Oswal Investment Advisors is acting as the sole book-running lead manager, while MUFG Intime India (Link Intime) is the registrar. The equity shares are proposed to be listed on both BSE and NSE.
