Aequs files for IPO through the confidential route
Aerospace component maker Aequs plans to raise $200 million through the IPO.
Aequs Limited, the aerospace component manufacturer has filed its preliminary papers for an initial public offering (IPO) on a confident basis.
The company is planning to raise around $200 million through the IPO, according to media reports. The offer will comprise both a fresh issue of equity shares and an offer for sale (OFS) component.
The Board of Directors of Aequs 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.
Founded in 2016 with headquarters in Belgavi, Karnataka, Aequs has also received equity infusion from global private equity investors such as Amicus Capital, Amansa Capital, Steadview Capital among others.
Aequs runs manufacturing operations across three countries – India, France, and the USA. It operates three manufacturing clusters - Belgavi, Hubballi and Koppal in Karnataka. Media reports also mention that Aequs along with Tata Electronics, Motherson Group & Jabil are now producing mechanical components for Apple products.
Aequs has diversified operations in business segments of aerospace, toys, and consumer durables.The company provides vertically integrated product solutions including precision machining, sheet metal fabrication, assembling, forging, and surface treatment in aerospace segment.
The company counts most global aerospace OEMs among its customers which include the likes of Airbus, Boeing, Collins, and Safran to name a few.
Edited by Jyoti Narayan