Aggcon Equipments International

Aggcon Equipments International Ltd (New IPO): GMP, Profit, expert review

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Aggcon Equipments International Limited is an India‑based infrastructure equipment rental company that provides a wide range of heavy machinery on rent for sectors like road construction, earthmoving, foundation work, concrete operations, and material handling to major infrastructure developers and contractors across the country. Its extensive fleet supports projects nationwide.

Aggcon Equipments International Limited was incorporated in 2003 & currently Mr. Jitender Aggarwal serves as the Managing Director of the company.

It has served over 500 customers in 27 states and 5 Union Territories throughout India, demonstrating strong national coverage in the infrastructure rental market.

Aggcon Equipments International Limited has filed its DRHP with SEBI for a proposed IPO featuring a Fresh Issue of ₹ 332.03 Crore and an Offer for Sale (OFS) of 9,400,000 Equity Shares.

Subscription date to apply for Aggcon Equipments International Limited is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 332.03 Cr + 9,400,000 Equity shares
Fresh Issue:₹ 332.03 Cr
Offer for Sale:9,400,000 Equity shares
Price Range:TBA
Lot Size:TBA
GMPPending

Aggcon Equipments International Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 139.61 Cr
Revenue:₹ 164.02 Cr
EBITDA₹ 100.57 Cr
EBITDA Margin:~61.32%
PAT₹ 30.71 Cr
PAT Margin~18.60%
Face Value:₹ 01

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing Repayment₹ 168.01 Cr
Purchase of Equipment₹ 84.03 Cr
Working Capital Requirement₹ 00 Cr
General Corporate PurposeBalance

Aggcon Equipments International Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 111.0₹ 137.3₹ 164.0
PAT (₹ Cr)₹ 27.9₹ 22.6₹ 30.7
Asset (₹ Cr)₹ 312.1₹ 416.0₹ 580.7
Net Worth (₹ Cr)₹ 86.1₹ 108.8₹ 139.6

Aggcon Equipments International Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
19-May₹ –₹ –₹ –
18-May₹ –₹ –₹ –
17-May₹ –₹ –₹ –
16-May₹ –₹ –₹ –
15-May₹ –₹ –₹ –
Aggcon Equipments International

Aggcon Equipments International Limited IPO Pros & Cons

Strengths:

  • Strong growth outlook with India’s infrastructure equipment rental market expanding due to the National Infrastructure Pipeline and higher construction activity.
  • Pan‑India presence serving 500+ customers across 27 states and 5 union territories, indicating wide market access.
  • Modern and growing fleet with high utilisation (337 units, avg age ~2.9 yrs), helping competitive delivery and reliability.
  • Funds from the IPO will be used for debt reduction and fleet expansion, potentially strengthening the balance sheet.
  • Backed by long‑term contracts with reputed infrastructure players (e.g., Tata Projects, Afcons), supporting revenue stability.

Risks:

  • Business is capital intensive, requiring heavy ongoing capex and financing, which can strain cash flows.
  • Significant dependency on the infrastructure sector, making business vulnerable to policy changes or project slowdowns.
  • A sizable portion of revenue comes from top clients, so loss/reduction of major contracts may hurt earnings.
  • Competition from both organised and regional players could pressure pricing and margins.
  • IPO valuations are uncertain (price band not yet fixed), and lack of extensive public market track record might be risk for investors.

Aggcon Equipments International Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Jitender Aggarwal~ 68.81 %
Renu Aggarwal~ 31 %
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Aggcon Equipments International Limited Promoters – Pre offer equity (Approx)

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Aggcon Equipments International Limited

Lead / Book Running Lead ManagersMotilal Oswal Investment Advisors Limited
Registrar (RTA)MUFG Intime India Private Limited

FAQ’S of Aggcon Equipments International Limited

  • It is one of India’s fastest‑growing infrastructure equipment rental firms, leasing heavy machinery like earthmoving, road‑building, lifting and concrete equipment nationwide to EPC contractors.
  • Aggcon Equipments is raising funds via IPO to repay debt, expand its equipment fleet and support general corporate purposes.
  • The issue size comprises of ₹ 332.03 Cr as Fresh Issue + OFS of ~0.94 Cr equity shares. It will be listed on BSE and NSE platform.
  • Key risks include capital intensive business, sector cyclicality, competition, dependency on major customers, and uncertain valuations pre‑price band announcement.
  • Upsides include strong infrastructure demand, pan‑India reach, diversified fleet and growth in equipment rentals could drive revenue and listing gains.
  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers.

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