Aggcon Equipments International IPO — A New Growth Story in India’s Infrastructure Sector

Aggcon Equipments International Ltd, one of India’s fastest-growing infrastructure equipment rental companies, has taken a major stride toward entering the public markets by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO).

IPO Overview

The proposed Aggcon Equipments International IPO comprises two components:

A fresh issue of equity shares worth ₹332.04 crore, aimed at raising new capital.
An offer-for-sale (OFS) of up to 94 lakh equity shares by promoters Jitender Aggarwal and Renu Aggarwal.

Each share in the IPO carries a face value of ₹1, marking the company’s first step toward becoming publicly listed.