Aggcon Equipments IPO: Aggcon Equipments, an infrastructure tools rental firm headquartered in Haryana, filed draft papers with the Securities and Change Board of India (SEBI) in search of approval to launch an preliminary public providing (IPO) to goals to lift Rs 332-crore fund via a contemporary problem of fairness shares for debt compensation, tools purchases, and basic company functions.
Furthermore, the promoters plan to supply 94 lakh fairness shares on the market, in accordance with the Draft Pink Herring Prospectus (DRHP).
Utilisation of proceeds
Right here is the abstract of the place the Rs 332-crore fund shall be utilised:
- Rs 168 crore shall be allotted in direction of debt compensation
- Rs 84 crore shall be used for the acquisition of apparatus
- The remaining quantity shall be used for basic company functions
Aggcon Equipments’ monetary efficiency
Within the FY25, the corporate’s income from operations grew by 19.5 per cent to Rs 164 crore, up from Rs 137.3 crore within the earlier yr. Through the interval, the corporate’s web revenue superior by 35.64 per cent to Rs 30.71 crore, in comparison with Rs 22.64 crore in FY24.
Aggcon Equipments IPO: Who’re BRMLs, registrar particulars
Motilal Oswal Funding Advisors is appearing as the only book-running lead supervisor for the IPO, whereas MUFG Intime India is appointed because the registrar.
What does Aggcon Equipments Worldwide do?
Based in 2003, Aggcon Equipments Worldwide is among the many main and quickly rising infrastructure tools rental firms in India. It operates a big fleet of equipment supporting varied infrastructure initiatives. As of March 2025, the corporate served over 500 shoppers throughout 27 states and 5 Union Territories in India.
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