Aggcon Equipments Int'l Files IPO Papers to Raise ₹332 Cr

Infrastructure equipment rental company Aggcon Equipments International filed draft papers with Sebi to raise ₹332 crore through an IPO. The funds will be used for debt repayment, equipment purchases, and general corporate purposes. The company plans to raise ₹168 crore through fresh issuance of equity shares and promoters will sell 94 lakh shares under the offer-for-sale. The IPO is expected to be listed on the NSE and BSE.

Title: Aggcon Equipments International Files IPO Papers with Sebi to Raise ₹332 Crore

Infrastructure equipment rental company Aggcon Equipments International Ltd has filed draft papers with the Securities and Exchange Board of India (Sebi) to raise ₹332 crore through an initial public offering (IPO). The Haryana-based company seeks approval to issue fresh equity shares, with promoters planning to sell 94 lakh shares under the offer-for-sale segment [1].

The proceeds from the IPO will be allocated as follows: ₹168 crore for debt repayment, ₹84 crore for the purchase of new equipment, and the remainder for general corporate purposes [1]. The IPO is expected to list on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Aggcon Equipments International, established in 2003, is one of the leading and fastest-growing infrastructure equipment rental companies in India. As of March 2025, the company served more than 500 customers across 27 states and five Union Territories, showcasing its extensive reach and growth potential [1]. The company's revenue from operations increased by 19.5% to ₹164 crore in fiscal 2025, up from ₹137.3 crore in the previous fiscal. Profit also surged by 35.64% to ₹30.71 crore in fiscal 2025, compared to ₹22.64 crore in fiscal 2024 [1].

Motilal Oswal Investment Advisors has been appointed as the sole book-running lead manager for the IPO [1]. Investors and financial professionals are advised to review the draft red herring prospectus (DRHP) for detailed information before making investment decisions.

References:
[1] https://www.business-standard.com/markets/ipo/aggcon-equipments-int-l-files-ipo-papers-with-sebi-to-raise-332-cr-125071001054_1.html