Aequs, the aerospace and contract manufacturing company based in Belagavi, Karnataka, is gearing up for a big growth leap by converting into a public company before a planned USD 200 million (~INR 1,685 crore) initial public offering (IPO) later in 2025.
In a significant move towards this public listing, the company’s board has approved a special resolution to change its status from Aequs Private Limited to Aequs Limited, as per recent regulatory filings. Aequs IPO will reportedly include fresh equity issue and offer for sale (OFS) by existing shareholders.
Founded in 2006 by industry veteran Aravind Melligeri, Aequs has grown into a global player in aerospace components manufacturing with operations in consumer goods and toy manufacturing. The company is known for its vertically integrated manufacturing ecosystems that support complex, end-to-end product development especially for global aircraft supply chains.
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Aerospace Parts Maker Aequs To Convert Into Public Company Ahead Of USD 200M IPO