Aequs has successfully raised ₹128 Cr through a rights issue just ahead of its IPO plans, showcasing strategic financial planning by the contract manufacturing firm.

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The funding round was led by Aequs’ parent company, Aequs Manufacturing Investments Pvt Ltd, with participation from existing investors like Amicus Capital, Steadview Capital, and Amansa Investments

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A total of 1.71 crore equity shares were allocated to existing shareholders at ₹74.64 each, including a face value of ₹10 and a premium of ₹64.64.

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Of the total amount raised, Aequs Manufacturing Investments infused ₹84.83 Cr, while Amansa Investments and Amicus Capital contributed ₹14.16 Cr and ₹12.32 Cr respectively.

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Aequs was founded in 2006 by Aravind Melligeri and has since become a multi-sector contract manufacturer serving aerospace, toy, and consumer durable sectors.

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Its global manufacturing footprint includes facilities in India, the US, and France, and its clientele features industry leaders like Boeing, Airbus, Dassault, Safran, and Collins Aerospace.

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The company has now raised over $96 million in total funding, and recently submitted a confidential DRHP to SEBI in early June 2025.

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Aequs aims to raise $200 million through its IPO and recently restructured itself into a public entity, appointing Melligeri as Executive Chairman and CEO for the next five years.

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While financial figures from the confidential DRHP are undisclosed, standalone revenue grew to ₹74.20 Cr in FY24, marking a 6.45% increase from the previous year.

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Despite revenue growth, the net loss surged by nearly 200%, reaching ₹130.30 Cr in FY24, positioning Aequs among several tech-focused Indian firms eyeing public listings this year.

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