Aggcon Equipments IPO: Aggcon Equipments, an infrastructure equipment rental company headquartered in Haryana, filed draft papers with the Securities and Exchange Board of India (SEBI) seeking approval to launch an initial public offering (IPO) to aims to raise Rs 332-crore fund through a fresh issue of equity shares for debt repayment, equipment purchases, and general corporate purposes.
Moreover, the promoters plan to offer 94 lakh equity shares for sale, according to the Draft Red Herring Prospectus (DRHP).
Utilisation of proceeds
Here is the summary of where the Rs 332-crore fund will be utilised:
- Rs 168 crore will be allocated towards debt repayment
- Rs 84 crore will be used for the purchase of equipment
- The remaining amount will be used for general corporate purposes
Aggcon Equipments’ financial performance
In the FY25, the company’s revenue from operations grew by 19.5 per cent to Rs 164 crore, up from Rs 137.3 crore in the previous year. During the period, the company’s net profit advanced by 35.64 per cent to Rs 30.71 crore, compared to Rs 22.64 crore in FY24.
Aggcon Equipments IPO: Who are BRMLs, registrar details
Motilal Oswal Investment Advisors is acting as the sole book-running lead manager for the IPO, while MUFG Intime India is appointed as the registrar.
What does Aggcon Equipments International do?
Founded in 2003, Aggcon Equipments International is among the leading and rapidly growing infrastructure equipment rental companies in India. It operates a large fleet of machinery supporting various infrastructure projects. As of March 2025, the company served over 500 clients across 27 states and five Union Territories in India.
