Indian aerospace company Aequs has raised around ₹144 crore in pre-IPO placement round. The Karnataka-based company has allotted 11,615,713 equity shares, representing 1.88% of its pre-IPO share capital, at ₹123.97 per share. The investment came from two entities of SBI Funds Management, and one each of DSP India Fund and Think India Opportunities Master Fund.

The allotment was approved by the Aequs’ board on November 10, 2025, in accordance with the share subscription agreements (SSAs).

In September this year, Aequs filed its updated draft red herring prospectus (UDRHP) for an initial public offering (IPO), comprising a fresh issue of up to ₹720 crore and an offer for sale (OFS) of up to 31,772,368 equity shares of face value ₹10 each. Following the pre-IPO placement of ₹144 crore, the fresh issue size will be reduced to around ₹576 crore.

Aequs filed for an IPO through the confidential pre-filing route with the Securities and Exchange Board of India (Sebi) in June 2025, which was approved on September 18, 2025.

As part of the deal, SBI Optimal Equity Fund – Long Term received 2,984,593 shares (0.48%) for ₹36.99 crore, and SBI Emergent India Fund was allotted 5,081,874 shares (0.82%) for ₹62.99 crore. DSP India Fund – India Long/Short Strategy Fund with Cash Management Option was allotted 3,226,587 shares (0.52%) worth ₹39.99 crore, while Think India Opportunities Master Fund LP received 322,659 shares (0.05%) valued at ₹4 crore.

Aequs has previously attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group, and the investment office of Desh Deshpande, as per publicly available information.

Promoters hold 65.73% stake in the company, while the remaining 31.65% shares are owned by investors including Amansa Investments, Amicus Capital, Steadview Capital Mauritius, and Sparta Group LLC.

Aequs, a contract manufacturing firm specialising in consumer durables and aerospace components, is the only precision component manufacturer operating within a single special economic zone in India offering fully vertically integrated manufacturing capabilities in the aerospace segment. The company also has a diversified product portfolio spanning consumer electronics, plastics, and consumer durables.

The company’s key clients include Airbus, Boeing, Bombardier, Collins Aerospace, Spirit Aerosystems, Safran, GKN Aerospace, Mubea Aerostructures, Honeywell, Eaton, and Sabca in the aerospace segment, along with Hasbro, Spinmaster, Wonderchef, and Tramontina in the consumer segment.

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