Thu Dec 04 04:50:00 UTC 2025: Here’s a summary of the text and a rewritten news article based on it:
Summary:
Aravind S. Melligeri, Executive Chairman and CEO of Aequs Limited, emphasized the substantial market opportunity for aerospace manufacturing in India. He stated that India needs more companies like Aequs to meet the growing demand for aircraft components, and that India should focus on building a national aircraft. While the aerospace industry experienced growth, it faced challenges due to the pandemic and geopolitical issues like the Russia-Ukraine war, affecting the supply chain. Aequs has diversified into consumer electronics and is launching an IPO to fund expansion and repay loans, with a portion of the proceeds also being invested in its aerospace business.
News Article:
India Needs More Aerospace Manufacturing Firms to Tap into Huge Market Potential, Says Aequs CEO
Bengaluru, December 2, 2025 – India needs at least ten more companies similar to Aequs Limited to capitalize on the vast global aerospace manufacturing market, according to Aravind S. Melligeri, Executive Chairman and CEO of the Belagavi-based company. Aequs, a leading manufacturer of engine, landing, and cargo systems for major aerospace OEMs like Airbus and Boeing, currently produces approximately 5,000 aircraft parts, a small fraction of the 20,000 to 30,000 parts required for a single aircraft.
Speaking ahead of Aequs’ Initial Public Offering (IPO) launch on Wednesday, Melligeri stated, “This indicates a huge market opportunity for us. India has to ultimately focus on building a national aircraft. We have the expertise for it.”
While the aerospace industry experienced steady growth until the pandemic, it faced setbacks due to geopolitical tensions, specifically the Russia-Ukraine war, which disrupted the supply chain, particularly impacting the availability of materials like titanium.
Aequs is taking steps to mitigate these challenges and expand its operations. The company has invested ₹600 crore in the consumer electronics business in Hubballi, and is poised to launch its IPO, comprising a fresh issue of equity shares aggregating up to ₹670 crore and an offer for sale of up to 2,03,07,393 equity shares of face value of ₹10 each. The price band of the offer has been fixed at ₹118 to ₹124 per Equity Share.
₹70 crore from the IPO proceeds will be reinvested in the aerospace business, while ₹430 crore will be used to repay existing loans. The remaining funds will support general corporate purposes, including expansions and the establishment of new joint ventures.
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