The IPO also includes an offer for sale (OFS) of a maximum of 31,772,368 shares with a nominal value of RS 10 each.
Aequs received the approval of Sebi on September 18.
Araavind Shivaputrappa Melligeri is the promoter of the company. He is also the executive chairman and Chief Executive Officer of AEQUS.
The company is supported by Amicus Capital Private Equity I LLP, Amicus Capital Partners, Amansa Investments LTD, Steadview Capital Mauritius Limited, Catamaran Ekam and Sparta Group LLC. Together they have 25.54% of the company’s share capital to the shares of the company.
About Aequs
AEQUS has started the production of aero-structure components and aero-engine components, for space clients in their units in the Belagavi production cluster in 2009. It is a vertically integrated manufacturer of precision component with possibilities in the space segment and the consumer segment. The company is active in three vertically integrated precision production ecosystems-guided by engineers, so that it can produce complex products for global OEM customers in space and consumer sectors. The company has also expanded its product portfolio with consumer electronics, plastics and sustainable consumers for consumers. Its consumer product portfolio includes consumer durables such cookware, plastics such outdoor toys, figurines, and components for consumer electronics such portable computers and smart devices.its key clients incl. Spirude aerospace, bombardier, collins Safran, GKN Aerospace, Mabea Aerostructures and Sabca in the Aerospace Segment, and Spinmaster, Wonderchef and Tramontina in the consumer segment.
AEQUS IPO Net yield
The net proceeds from the new issue of the IPO are proposed to be used to repay the outstanding loans from the company and advance payment of fines used by two full subsidiaries – aerostructures manufacturing India Private Limited and AEQUS Consumer Products Private Limited. It will also use part of the proceeds to finance capital expenditures for the purchase of machines and equipment. It will also finance inorganic growth through non -created acquisitions, other strategic initiatives and general business purposes.
Over the past 15 years, it has grown consistently by developing and acquiring new production options and the diversification of product portfolio and customer base in the space segment and the consumer segment. AEQUS expanded the production activities strategically in North America and France, through acquisitions in 2015 and 2016, so that it could acquire the new possibilities in the space segment, expand its footprint in North America and Europe and expand its product portfolio.
JM Financial, IIFL Capital and Kotak Mahindra Capital are the book that leads lead managers for the issue.
(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
as a reliable and trusted news source#AEQUS #IPO #Precision #Component #Maker #increase #Crore #publication #shares