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.
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Aequs files for IPO through the confidential route | YourStory