Overview
- Anchor allocation is slated for December 2, public subscription runs December 3–5, allotment is due December 8 with refunds and demat on December 9, and listing is scheduled for December 10 on NSE and BSE.
- The offer totals about Rs 922 crore at the upper band, comprising a fresh issue up to Rs 670 crore and an offer-for-sale of roughly 2.03 crore shares; the band implies a valuation above Rs 8,300 crore.
- Fresh-issue proceeds will go toward repaying or prepaying borrowings, purchasing machinery and equipment for group entities, and funding inorganic growth and general corporate purposes.
- A Rs 144 crore pre-IPO placement was completed at Rs 123.97 per share with SBI Funds Management, DSP India Fund and Think India Opportunities Fund; selling shareholders in the OFS include Melligeri Private Family Foundation, Amicus Capital and Ravindra Mariwala.
- Aequs reports FY25 revenue down 4.2% to Rs 924.6 crore with a widened net loss of Rs 102.3 crore, while H1 FY26 shows a 17% revenue rise and a narrowed loss of about Rs 17 crore.