Aequs is set to launch an initial public offering (IPO) for bidding on Wednesday, December 03. The defence and aerospace segment player shall be selling its shares in the range of Rs 118-124 and investors can apply for a minimum of 120 equity shares and its multiples thereafter. The issue will close for bidding on Friday, December 05. Advertisement

The Rs 921.81 crore IPO of Aequs includes a fresh share sale of 5,40,32,258 equity shares worth Rs 670 crore and an offer-for-sale (OFS) of up to 2,03,07,393 equity shares by its promoters and existing shareholders worth Rs 251.81 crore. The net proceeds from the issue shall be used to repay debt, capital expenditure, funding inorganic growth opportunities and general corporate purposes.

Incorporated in 2000, Bengaluru-based Aequs is engaged

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