Latest news with #AggconEquipmentsInternational
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.
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Business Standard
10-07-2025
- Business
- Business Standard
Aggcon Equipments Int'l files IPO papers with Sebi to raise ₹332 cr
Proceeds from the fresh issue to the tune of ₹168 crore would be used for payment of debt,₹ 84 crore for purchase of equipment and a portion would be used for general corporate purposes Press Trust of India New Delhi Infrastructure equipment rental company Aggcon Equipments International Ltd on Thursday filed draft papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The Haryana-based company plans to raise ₹332 crore through fresh issuance of equity shares, besides, promoters would sell 94 lakh shares under the offer-for-sale, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issue to the tune of₹ 168 crore would be used for payment of debt,₹84 crore for purchase of equipment and a portion would be used for general corporate purposes. Incorporated in 2003, Aggcon Equipments International is one of the leading and fastest-growing infrastructure equipment rental companies in India. The company maintains a large fleet of equipment to support diverse infrastructure projects. As of March 2025, the company catered to more than 500 customers across 27 states and five Union Territories in India. Aggcon Equipments International's revenue from operations increased by 19.5 per cent to ₹164 crore in fiscal 2025 from ₹137.3 crore in the preceding fiscal and profit increased by 35.64 per cent to ₹30.71 crore in fiscal 2025 from ₹22.64 crore in fiscal 2024. Motilal Oswal Investment Advisors is the sole book-running lead manager. The equity shares are proposed to be listed on the NSE and BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
