2025-11-13 03:28:21
Latest Post
3i Infotech Ltd Q2FY26 consolidated PAT surges to Rs. 18.43 crores
Lupin Receives EIR from U.S. FDA for its Aurangabad (CSN) Facility
Prestige Estates Reports Strong Financial Growth in Q2 and H1 FY26; PAT Nearly Doubles YoY
Elgi Equipments Limited - Second Quarter 2025-26 results
NALCO Pays Rs. 988.88 crore as dividend to Government of India for FY 2024-25
IPO News
SBI Funds, DSP India Fund, Think India Opportunities Fund invest Rs. 144 cr in Aequs Ltd. in pre-IPO placement deal
Posted On : 2025-11-12 21:17:29( TIMEZONE : IST )
IPO-bound Aequs Ltd. (Aequs) has raised around Rs. 144 crore by allotting 11,615,713 equity shares (1.88% of the pre-IPO Offer share capital of the company) to two entities of SBI Funds Management, one each of DSP India Fund and Think Opportunities Master Fund at a price of Rs. 123.97 per equity share as part of a pre-IPO placement deal.
The placement happened pursuant to the resolution of Aequs Board dated November 10, 2025, in accordance with the terms and conditions as specified in the Share Subscription Agreements (SSAs).
Aequs is the only precision component manufacturer operating within a single special economic zone in India to offer fully vertically integrated manufacturing capabilities in the Aerospace Segment and a product portfolio comprising consumer electronics, plastics, and consumer durables.
Aequs Ltd. had filed Updated Draft Red Herring Prospectus (UDRHP) for an initial public offering comprising a Fresh Issue of up to Rs. 720 crore and an Offer for Sale of up to 31,772,368 equity shares of face value of Rs. 10 each. With the pre-IPO placement of Rs. 144 crore, the Fresh Issue in the IPO will now be reduced to around Rs. 576 crore.
SBI Optimal Equity Fund - Long Term was allotted 2,984,593 equity shares (0.48% of the pre-IPO Offer share capital of the company) aggregating to Rs. 36.99 crore. SBI Emergent India Fund was allotted 5,081,874 equity shares (0.82 of the pre-IPO Offer share capital of the company) aggregating up to Rs. 62.99 crore. DSP India Fund - India Long / Short Strategy Fund with Cash Management Option was allotted 3,226,587 equity shares (0.52 of the pre-IPO Offer share capital of the company) aggregating to Rs. 39.99 crore. Think India Opportunities Master Fund LP was allotted 322,659 equity shares (0.05 of the pre-IPO Offer share capital of the company) aggregating to Rs. 4 crore.
The Equity Shares issued pursuant to the Pre-IPO Placement shall be subject to lock-in, in accordance with Regulation 17 and 16(1)(b) of the SEBI ICDR Regulations. Allottees are not connected in any manner with the Company, Subsidiaries, Promoters, Promoter Group, Directors, Key Managerial Personnel, Group Companies, and the directors or key managerial personnel of the Subsidiaries or the Group Companies.
The book running lead managers to the IPO are JM Financial Ltd. IIFL Capital Services Ltd. and Kotak Mahindra Capital Company Ltd.
Aequs 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, as per publicly available information.
The company's key clients include Airbus, Boeing, Bombardier, Collins Aerospace, Spirit Aerosystems Inc, Safran, GKN Aerospace, Mubea Aerostructures, Honeywell, Eaton and Sabca in the Aerospace Segment, and, Hasbro, Spinmaster, Wonderchef, and Tramontina in the Consumer Segment.
