Aequs IPO | Aequs has opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans.
Aequs IPO Filing
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 $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 $200 million.