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Aequs Limited deployed Rs 46.22 crore of IPO proceeds for corporate expenses and subsidiary investments
29-Jul-2026, 09:03
A Monitoring Agency report indicates Aequs Limited has utilized Rs 46.22 crore of the proceeds from its IPO for general corporate purposes, including rent, employee expenses, and investments in subsidiaries like Aequs Force Consumer Products and Aequs Engineered Plastics. While most commitments outlined in the offer document have been completed, some capital expenditure and inorganic growth initiatives face delays with completion dates extending into FY27. A significant balance of Rs 101.57 crore remains unutilized, with Rs 20.56 crore designated for offer expenses and Rs 7.69 crore for OFS-related expenses. The report, based on information from Aequs management and Guru & Jana LLP, notes that the extent of the delays is unascertainable and includes disclaimers regarding the Monitoring Agency’s reliance on provided data and potential commercial relationships with Aequs.
A Monitoring Agency report indicates Aequs Limited has utilized Rs 46.22 crore of the proceeds from its IPO for general corporate purposes, including rent, employee expenses, and investments in subsidiaries like Aequs Force Consumer Products and Aequs Engineered Plastics. While most commitments outlined in the offer document have been completed, some capital expenditure and inorganic growth initiatives face delays with completion dates extending into FY27. A significant balance of Rs 101.57 crore remains unutilized, with Rs 20.56 crore designated for offer expenses and Rs 7.69 crore for OFS-related expenses. The report, based on information from Aequs management and Guru & Jana LLP, notes that the extent of the delays is unascertainable and includes disclaimers regarding the Monitoring Agency’s reliance on provided data and potential commercial relationships with Aequs.