**Precision Components Maker Aequs Ltd Plans to Raise ₹144 Crore via Pre-IPO Placement**

*By Dwaipayan Roy | Oct 05, 2025*

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

### IPO Structure and Placement Details

The IPO structure will include 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, each having a face value of ₹10. The pre-IPO placement is capped at 20% of the fresh issue amount. Pricing for this tranche will be determined in consultation with the book running lead managers (BRLMs).

### Existing Shareholders and Share Sale

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 is set to offload the maximum number of shares, approximately 2.7 crore, across its three funds. Additionally, the Melligeri Private Family Foundation and individual investor Ravindra Mariwala plan to sell 13.1 lakh and 12.7 lakh shares, respectively.

### Use of IPO Proceeds

The net proceeds from the fresh equity issue will be utilized for multiple purposes, including debt repayment, capital expenditure, inorganic growth through strategic acquisitions, and general corporate purposes. This capital infusion aims to strengthen Aequs’s financial position and support its expansion plans.

### Financial Performance Snapshot

In the fiscal year 2025, Aequs reported a net loss of ₹102.3 crore, a significant increase from the ₹14.2 crore loss recorded in the previous year. The company’s revenue also declined by 4.2% year-on-year, amounting to ₹924.6 crore during the period.

Despite these financial challenges, the upcoming IPO and pre-IPO placement are expected to provide Aequs with the necessary capital to reduce debt and fund growth initiatives. This infusion can potentially position the company for future profitability and sustainable expansion.
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