New Delhi, Jun 3 (PTI) Aequs, a contract manufacturing firm for consumer durable goods and aerospace parts, has filed draft papers with the markets regulator Sebi through a confidential pre-filing route, with an aim to raise around USD 200 million.
The offer will comprise both a fresh issue of equity shares and an Offer For Sale (OFS) component. In a public announcement on Tuesday, Aequs said it has pre-filed a Draft Red Herring Prospectus (DRHP) for an IPO on a confidential basis with the stock markets regulator Sebi and stock exchanges.
Accordingly to people familiar with the development, the company is planning to launch an IPO worth USD 200 million.
To manage the offering, the company has appointed Kotak Mahindra Capital, JM Financial and IIFL Capital. The board of directors of Aequs recently passed a resolution for approval to change its status from a private entity to a public company.
Aequs had received significant equity infusion over the years from its promoters to scale up operations. Additionally, it has attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N R Narayana Murthy), Sparta Group and the investment office of Desh Deshpande.
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Aequs files IPO papers via confidential filing route seeks to raise up to USD 200 mn- The Week