Aequs Nears Resolution of Titanium Supply Issues Amidst IPO Plans

Aequs, a leading contract manufacturer in the aerospace industry, is preparing for its initial public offering amidst alleviating titanium supply constraints. The IPO, valued at Rs 922 crore, comes as the company tackles global supply chain disruptions caused by the ongoing Russia-Ukraine war.

Aequs, an IPO-bound contract manufacturer, announced on Friday that the aerospace industry's titanium supply constraints are nearing resolution. The company has implemented measures to navigate these challenges effectively.

The Russia-Ukraine conflict has disrupted global supply chains, particularly impacting the aerospace sector, which relies heavily on Russian titanium. Aequs is set to launch its Rs 922-crore initial public offering with a price range of Rs 118-124 per share from December 3-5.

Aequs plans to utilize funds from the IPO to repay loans, purchase machinery, and support growth initiatives. The company operates in various sectors, including aerospace and consumer durables, with manufacturing facilities in India, France, and the USA.

(With inputs from agencies.)