Precision Component Manufacturer Aikus Limited has filed an updated draft draft herring prospectus (UDRHP) with Market Regulator Securities and Exchange Board India (SEBI) to launch its initial public offering running (IPO). The company has raised Rs. 720 crore plans to raise.

The IPO also includes an offer fur of Rs 10 (of FS) of Rs 10 of 31,772,368 equity shares.

Aikus was approved by SEBI on September 18.

Arvind Shivputrappa is the promoter of the Melijri Company. He is also the Executive Chairman and Chief Executive Officer of Acus.

The company has been endorsed by Emixes Capital Private Equity I LLP, Amicus Capital Partners, Amansa Investments Limited, Stedview Capital Mauritius Limited, Catmaran Unit and Sparta Group LLC. They contain 25.54% of the company’s pre-offer equity share capital.

About Aikus

Aikus began producing aero-active ingredients and ao-engine components for aerospace clients in their units in Belagavi manufacturing clusters in 2009. It is a manufacturer of Vert bhi integrated precision component with capabilities in the aerospace segment and customer segment. The company operates in the Vert Bhi-Sankalic precision production ecosystems led by three engineering, which enables IT to produce complex products for global OEM customers in aerospace and consumer sectors.

The company has also expanded its product portfolio for consumer consumers to include consumer electronics, plastic and customer durable. Its consumer product portfolio includes customer durable people such as cookware, outdoor toys, outdoor toys, figurines and components for customer electronics such as portable computers and smart devices.

Its main customers include Airbus, Boeing, Bombardier, Collins Aerospace, Spirit Aerocystems Inc. Sapphire, GKN Aerospace, Mubia Aerostrecures and Aerospace Segment include SABCA, and spinmasters, wonder chaef and tramontina in the Consumer Segment.

Aikus IPO Net moves

The net income of the new problem from the IPO is used for payment of penalties and penalties made by the company’s remaining borrowing and two fully owned subsidiaries – Aroschars Manufacturing India Private Limited and Aikus Consumer Products Ltd. It will also use a portion of income to fund capital costs for the purchase of machinery and equipment. It will also fund inorganic growth through unknown acquisitions, other strategic initiatives and general corporate purposes.

Over the past 15 years, it has grown in a constant business by developing and acquiring new production capabilities and diversifying production portfolio and customer base in the aerospace segment and customer segment. The AQS expanded manufacturing operations in North America and France through acquisitions in 2015 and 2016, respectively, which allowed it to achieve new abilities in the aerospace segment, enhance its steps in North America and Europe and expand its products.

JM Financial, IIFL Capital and Kotak Mahindra Capital are lead managers running on the issue.

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