Aequs Files Confidential Draft Papers With SEBI, Plans To Raise $200 Mn

Aequs, a diversified contract manufacturer specializing in aerospace and consumer durable goods, has filed a confidential Draft Red Herring Prospectus (DRHP) with SEBI to raise approximately $200 million (Rs 1,700 crore) through an Initial Public Offering (IPO). The fundraising will involve a fresh issue of equity shares and an offer for sale by existing stakeholders. Aequs has recently converted from a private to a public entity as it prepares for the listing. This strategic move aims to capitalize on increasing investor interest in aerospace manufacturing and diversify its operations, with the company also reportedly collaborating with Apple Inc. for its global supply chain.