Precision component manufacturer Aequs Ltd., which is gearing up for its IPO, has raised ₹144 crore through a pre-IPO placement. The company allotted 11,615,713 equity shares (1.88% of its pre-IPO share capital) at ₹123.97 per share to entities managed by SBI Funds Management, DSP India Fund, and Think India Opportunities Master Fund.
The board approved the placement on November 10, 2025, under Share Subscription Agreements with the investors. Following the fundraise, the proposed fresh issue size in Aequs’ upcoming IPO will reduce from ₹720 crore to around ₹576 crore, alongside an offer for sale of 31.77 million shares.
Investor allocation includes ₹62.99 crore by SBI Emergent India Fund, ₹36.99 crore by SBI Optimal Equity Fund – Long Term, ₹39.99 crore by DSP India Fund – India Long/Short Strategy Fund, and ₹4 crore by Think India Opportunities Master Fund LP.
All shares issued under the pre-IPO placement will be subject to lock-in as per SEBI ICDR Regulations, and none of the investors are connected with the company or its promoters.
JM Financial, IIFL Capital Services, and Kotak Mahindra Capital are the book-running lead managers for the IPO.
Aequs operates India’s only fully integrated aerospace precision manufacturing ecosystem within a single SEZ and also serves global clients across aerospace, consumer electronics, plastics, and durables. Its customers include Airbus, Boeing, Collins Aerospace, Honeywell, and Hasbro, among others.
The company’s existing investors include Amicus Capital, Amansa Capital, Steadview Capital, Catamaran Ventures, and Sparta Group.
