The offer will comprise both a fresh issue of equity shares and an offer for sale (OFS) component, according to the company’s regulatory filings.
Aequs pre-filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) on a confidential basis with the stock markets regulator and stock exchanges.
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.
The company is reportedly planning to launch an IPO worth USD 200 million, as per sources and past media reports.
The offer will comprise both a fresh issue of equity shares and an offer for sale (OFS) component, according to the company’s regulatory filings.
The book running leading managers to the IPO reportedly are Kotak Mahindra Capital, JM Financial and IIFL Capital.
Read more:
Aequs Files For IPO Worth $200 Mn On Confidential Basis – BW Businessworld