Mumbai, Feb. 17 -- ASMIPL is engaged in the business of manufacturing of aerostructure parts. As on 31st March 2025, the company reported a turnover of Rs 508.2 crore.

This investment is a part of utilization of the IPO proceeds as specified in Aequs' prospectus dated December 5, 2025. These funds will be utilised to repay the bank loan and to meet CAPEX requirements.

Aequs has subscribed 79,89,750 shares at a price of Rs 288.76 per equity share, aggregating to a total consideration of Rs 230,71,20,210

Meanwhile, the company has entered into a nonbinding memorandum of understanding (MoU) with the Guidance, the nodal agency of the Government of Tamil Nadu (GoTN) for setting up a manufacturing unit in the Tamil Nadu. The company has prop...