This precision components maker might raise ₹144cr in pre-IPO placement

**This Precision Components Maker Might Raise ₹144 Crore in Pre-IPO Placement**

*By Dwaipayan Roy | Oct 05, 2025 – 06:42 PM*

Precision components manufacturer **Aequs Ltd** is planning to raise up to ₹144 crore through a pre-IPO placement. This fundraising move comes ahead of the company’s filing of its red herring prospectus (RHP), as it prepares for its initial public offering (IPO).

### IPO Structure and Placement Details

The IPO will consist of a fresh issue of equity shares worth up to ₹720 crore, along with an offer-for-sale (OFS) of up to 3.17 crore shares with a face value of ₹10 each. The pre-IPO placement, however, is capped at 20% of the fresh issue amount.

Pricing for this placement will be determined in consultation with the book running lead managers (BRLMs) overseeing the IPO process.

### Existing Shareholders and Offer-for-Sale (OFS)

Aequs’s current institutional investors include Amicus Capital Private Equity I LLP, Amicus Capital Partners, Amansa Investments Ltd, Steadview Capital Mauritius Ltd, Catamaran Ekam, and Sparta Group LLC.

In the upcoming OFS, **Amicus Capital** plans to offload the largest number of shares, approximately 2.7 crore, across its three funds. Additionally, the Melligeri Private Family Foundation and individual investor Ravindra Mariwala will be selling 13.1 lakh and 12.7 lakh shares respectively.

### Use of Proceeds

The company intends to utilize the net proceeds from the fresh equity issue for multiple purposes, including repayment of debt, capital expenditure, inorganic growth through strategic acquisitions, and general corporate purposes.

### Financial Performance in FY25

Aequs faced challenges in the fiscal year 2025, reporting a net loss of ₹102.3 crore — a significant increase from the ₹14.2 crore loss recorded in the previous fiscal year. Additionally, the company’s revenue declined by 4.2% year-on-year to ₹924.6 crore.

### Outlook

Despite recent financial setbacks, the upcoming IPO and the pre-IPO placement are expected to provide Aequs with essential capital to reduce debt and fund expansion initiatives. These steps are aimed at improving the company’s growth trajectory and returning to profitability in the future.
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