Tag Archives: Offer for Sale

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

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**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.
https://www.newsbytesapp.com/news/business/aequs-to-raise-144cr-in-pre-ipo-placement/story

WeWork India to launch ₹3,000cr IPO on October 3

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**WeWork India to Launch ₹3,000 Crore IPO on October 3**

*By Dwaipayan Roy | September 28, 2025, 03:12 PM*

WeWork India, a leading player in the co-working space sector, is gearing up to launch its initial public offering (IPO) on October 3, 2025. The issue size is estimated to be around ₹3,000 crore. According to the red herring prospectus (RHP), bidding for anchor investors will open for a day on October 1, with the IPO set to close on October 7.

### IPO Details

The upcoming IPO from WeWork India will be an Offer for Sale (OFS) featuring up to 4.63 crore equity shares. Embassy Buildcon LLP, a promoter group firm, and Ariel Way Tenant Ltd, a subsidiary of WeWork Global, will be selling their shares as part of this offering.

Since it is an OFS, WeWork India will not receive any proceeds from the listing itself. Instead, the offering provides an opportunity for existing shareholders to liquidate a part of their holdings.

### Company Profile

Established in 2017, WeWork India operates under an exclusive license of the ‘WeWork’ brand in India. The company is promoted by Bengaluru-based real estate major Embassy Group. Currently, Embassy Group holds approximately 76.21% stake in WeWork India, while WeWork Global owns 23.45%.

The company has a strong presence across major Tier-1 Indian cities, including Bengaluru, Mumbai, Pune, and Hyderabad, among others.

### Business Scale and Operations

WeWork India manages a substantial 77 lakh square feet of space, out of which around 70 lakh square feet is operational. The company offers a desk capacity exceeding 1.03 lakh and employs more than 500 people.

In January 2024, WeWork India raised ₹500 crore through a rights issue, primarily aimed at reducing debt and supporting its growth plans.

### Market Entry and Future Outlook

The upcoming IPO is expected to not only provide liquidity to existing shareholders but also enhance the company’s visibility in the market. WeWork India aims to create a public market for its shares in India and strengthen its position in the evolving co-working industry.

With the IPO set to close on October 7, WeWork India is likely to make its stock market debut around October 10, 2025.

Stay tuned for more updates on this much-anticipated market entry.
https://www.newsbytesapp.com/news/business/everything-we-know-about-wework-india-s-ipo/story