Upcoming IPO: Infrastructure gear rental agency, Aggcon Equipments Worldwide, filed its draft purple herring prospectus (DRHP) with the capital markets regulator, the Securities and Alternate Board of India (Sebi) on Thursday, 10 July 2025.
Aggcon Equipments Worldwide Restricted is an infrastructure gear rental firm which caters to purchasers who require a big fleet measurement of the most recent infrastructure gear and a crew of consultants, expert operators, and upkeep workers.
In keeping with the corporate’s official web site, the companies embrace basis gear, lifting gear, street building gear, concrete gear, earth-moving gear, and materials dealing with gear.
Aggcon Equipments Worldwide IPO particulars
The DRHP submitting exhibits that the corporate is providing a book-built preliminary public providing (IPO) comprising each a contemporary challenge and a proposal on the market (OFS) part.
The corporate goes to supply a contemporary challenge of fairness shares amounting to ₹332 crore, and a proposal on the market (OFS) part of 94,00,000 or 94 lakh shares with a face worth of Re 1 apiece for each.
Jitender Aggarwal and Renu Aggarwal are the promoters promoting stake by the general public provide as they purpose to shed 54 lakh and 40 lakh fairness shares respectively, in line with the draft papers.
The corporate goals to lift the funds for the inventory market to fulfil a mortgage compensation requirement of ₹168 crore. Aggcon Equipments additionally goals to speculate ₹84 crore in the direction of the acquisition of latest gear, and the remaining funds will likely be used for normal company functions.
Motilal Oswal Funding Advisors Ltd is the solo book-running lead supervisor for the general public challenge, whereas MUFG Intime India Non-public Restricted (previously referred to as Hyperlink Intime India is the registrar to the provide.
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