IPO-Bound Aequs Nets INR 128 Cr Via Rights Issue

Aequs has raised funds via rights issue led by its holding company Aequs Manufacturing Investments Pvt Ltd. Existing investors like Amicus Capital, Steadview Capital and Amansa Investments also participated

The contract manufacturer issued 1.71 Cr equity shares to existing shareholders with a face value of INR 10 and a premium of INR 64.64 apiece

Founded in 2006 by Aravind Melligeri, Aequs is a diversified contract manufacturer which caters to the requirements of entities operating…