Aequs Files Updated DRHP to Raise ₹720 Cr via Fresh Issue

Aerospace and manufacturing company Aequs has filed an updated Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹720 crore through a fresh issue of shares. The IPO proceeds will primarily be used for capacity expansion, debt repayment, and working capital requirements. Aequs, which operates across aerospace, consumer goods, and automotive sectors, is strategically leveraging the growing demand for aerospace components globally. By going public, it seeks to strengthen its balance sheet and provide greater visibility to its operations. The IPO also represents growing investor confidence in India’s advanced manufacturing and aerospace ecosystem. The filing indicates a robust pipeline of manufacturing IPOs as India positions itself as a global supply chain alternative. This move could also attract international investors looking at Indian aerospace and defence manufacturing opportunities.