Aequs Raises INR 144 Cr Via Pre-IPO Placement

Aequs said that it allotted 1.16 Cr shares to SBI Fund Management (via two funds), DSP Mutual Fund and Think Investments via private placement at INR 123.97 apiece to raise the funds

Following the pre-IPO placement, the company will cut the size of its fresh issue by INR 144 Cr

As per company’s updated DRHP, the public issue was to comprise a fresh issue of up to INR 720 Cr and an OFS component of up to 3.18 Cr equity shares

Contract manufacturing company Aequs has…