📢 Aggcon Equipments International Files DRHP for ₹332 Crore IPO
New Delhi – Aggcon Equipments International Ltd, a rapidly growing infrastructure equipment rental firm based in Haryana, has filed its Draft Red Herring Prospectus (DRHP) with SEBI, aiming to raise ₹332.04 crore via an initial public offering.
🧩 IPO Snapshot
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**Fresh Issue**: ₹332 crore
– ₹168 crore to repay/prepay existing debt
– ₹84 crore to purchase new equipment
– Remaining for general corporate purposes -
Offer-for-Sale (OFS): 94 lakh shares by promoters
– Jitender Aggarwal: 54 lakh shares
– Renu Aggarwal: 40 lakh shares
📊 Company Overview
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Incorporated: 2003
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Fleet: 337 rental units (earthmoving, concrete, aerial and road equipment) across 27 states & 5 UTs
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Clients: Major infrastructure firms including Afcons Infrastructure, Tata Projects, Monte Carlo, G.R. Infraprojects, PNC Infratech
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Key Projects: Mumbai Trans Harbour Link, INS Varsha submarine bunker, Kudankulam Nuclear Plant, Dhubri–Phulbari Bridge
💰 Financial Performance (FY25)
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Revenue: ₹164.02 crore (↑ 19.5% YoY from ₹137.29 crore)
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Net Profit: ₹30.71 crore (↑ 35.6% YoY from ₹22.64 crore)
🛠️ Use of Funds
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Debt repayment/prepayment
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Expansion via new equipment purchase
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General corporate purposes
📈 Listing Plans & Management
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Stock Exchanges: BSE & NSE
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Book-running Lead Manager: Motilal Oswal Investment Advisors
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Registrar: MUFG Intime India
🔍 Summary:
Aggcon Equipments International is targeting a ₹332 crore IPO to fund debt repayment, expand its rental fleet, and support corporate growth. Backed by strong financials and a solid client base, the IPO is poised to draw attention, particularly amid India’s booming infrastructure investment.
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