Home / Business and Economy / Aerospace Giant Eyes Apple Market
Aerospace Giant Eyes Apple Market
3 Dec
Summary
- Aequs Group IPO aims to raise up to Rs 921.8 crore.
- Company supplies components to Airbus and Boeing.
- Aequs is expanding into portable computer and smart device parts.
Precision component manufacturer Aequs Group has announced an initial public offering (IPO) to raise as much as Rs 921.8 crore. The company has set a price range of Rs 118-124 per share for this offering, which includes both new and existing shares.
With a robust presence in the aerospace sector, supplying critical components to major clients like Airbus and Boeing, Aequs is embarking on a significant diversification strategy. The company has begun supplying parts for portable computers and is preparing for mass production of components for smart devices, with the ultimate goal of becoming an official supplier for Apple.
Aequs operates multiple manufacturing facilities, primarily located in northern Karnataka, India. This strategic expansion into consumer electronics components highlights the company's ambition to broaden its market reach beyond aerospace and tap into the lucrative tech market.
