Aequs Nears Resolution of Titanium Supply Woes Amidst IPO Launch

Aequs, a prominent aerospace components manufacturer, announces significant progress in overcoming the titanium supply constraints caused by the Russia-Ukraine conflict. As these issues subside, the company's IPO, valued at Rs 922 crore, is set to open in December. The funds will support debt repayment and growth initiatives.

Aequs, a leading contract manufacturer of aerospace components, has announced that the titanium supply challenges plaguing the aviation sector due to the Russia-Ukraine conflict are nearing resolution. The company's Chairman and CEO, Arvind Melligeri, noted that while the industry continues to face challenges, they are well-equipped to manage them.

Set to launch an initial public offering (IPO) valued at Rs 922 crore, Aequs has priced its shares between Rs 118-124. The IPO opens for subscription on December 3, following months of preparation and regulatory approval. Funds from the offering will be channeled into repaying loans, purchasing new machinery, and fueling further expansion.

In recent years, Aequs has diversified from its aerospace roots into consumer electronics and plastics, catering to leading clients like Airbus, Boeing, and Honeywell. With facilities in India, France, and the USA, the company is poised for growth, supported by investors like Amicus Capital and Catamaran Ventures.

(With inputs from agencies.)