Precision components manufacturer Aequs Ltd may raise up to ₹144 crore through a pre-IPO placement ahead of filing its red herring prospectus, according to its UDRHP.

The IPO structure includes a fresh issue of equity shares worth up to ₹720 crore and an offer-for-sale (OFS) of up to 3.17 crore shares with a face value of ₹10 each. Any funds raised through the pre-IPO round will reduce the size of the fresh issue, with the placement capped at 20 per cent of the fresh issue amount. Pricing will be decided in consultation with the book running lead managers (BRLMs).

Aequs’ existing institutional shareholders include Amicus Capital Private Equity I LLP, Amicus Capital Partners, Amansa Investments Ltd, Steadview Capital Mauritius Ltd, Catamaran Ekam, and Sparta Group LLC. Together, these inv

See Full Page