11 Nov 2025 | 5 Mins Read
SBI, DSP, and Think India invest Rs 144 crore in Aequs pre-IPO round
Flipitmoney
Aequs raised Rs 144 crore from SBI and other funds in a pre-IPO funding round. This reduces the fresh issue in the IPO to Rs 576 crore from the earlier plan of Rs 720 crore. It has allotted 11.62 crore shares at Rs 123.97 apiece to 3 entities. Funds from the IPO will be used for repaying loans, purchasing machinery, and supporting growth through potential acquisitions and strategic initiatives.