Q1. What is the business 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.

Q2. Why is the company raising funds via IPO?

Aggcon Equipments is raising funds via IPO to repay debt, expand its equipment fleet and support general corporate purposes.

Q3. What is the size of the issue and where will it list?

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.

Q4. What are the key risks to an investor?

Key risks include capital intensive business, sector cyclicality, competition, dependency on major customers, and uncertain valuations pre‑price band announcement.

Q5. What are the potential upsides?

Upsides include strong infrastructure demand, pan‑India reach, diversified fleet and growth in equipment rentals could drive revenue and listing gains.

Q6. How to apply for the IPO?

Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers.

Aggcon Equipments International Limited

Upcoming

Aggcon Equipments International Limited

Market Cap

—

IPO Issue Size

₹ 332.03 Cr + 9,400,000 Equity shares

Expected Price by IPOCorner

—

IPO Score

*Score varies on actual price

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.Mr. Jitender Aggarwal serves as the Managing Director of the company.

It’s core business is heavy infrastructure equipment rental services supplying earthmoving, road construction, concrete, foundation and material‑handling machinery to EPC contractors and developers across sectors.It has served over 500 customers in 27 states and 5 Union Territories throughout India, demonstrating strong national coverage in the infrastructure rental market.

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

₹ 332.03 Cr + 9,400,000 Equity shares

Fresh Issue

₹ 332.03 Cr

Offer for Sale

9,400,000 Equity Shares

Year	2025
Networth	₹ 139.61 Cr
Revenue	₹ 164.02 Cr
EBITDA	₹ 100.57 Cr
PAT	₹ 30.71 Cr
EBITDA Margin	~61.32%
PAT Margin	~18.60%
Face Value	Rs. 01 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Repayment/Prepayment of Borrowing	₹ 168.01 Cr
Purchase of Equipment	₹ 84.03 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	111.01	137.28	164.02
PAT (₹ Cr)	27.92	22.64	30.71
Asset (₹ Cr)	312.05	415.99	580.72
Net Worth (₹ Cr)	86.1	108.79	139.61

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
23-Aug	₹ –	₹ –	₹ –
22-Aug	₹ –	₹ –	₹ –
21-Aug	₹ –	₹ –	₹ –
20-Aug	₹ –	₹ –	₹ –
19-Aug	₹ –	₹ –	₹ –

Pros

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.

Cons

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 adds risk for investors.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Jitender Aggarwal	~ 68.81 %
Renu Aggarwal	~ 31.00 %
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

Motilal Oswal Investment Advisors Limited

Registrar (RTA)

MUFG Intime India Private Limited

Q1. What is the business 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.
Q2. Why is the company raising funds via IPO?
Aggcon Equipments is raising funds via IPO to repay debt, expand its equipment fleet and support general corporate purposes.
Q3. What is the size of the issue and where will it list?
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.
Q4. What are the key risks to an investor?
Key risks include capital intensive business, sector cyclicality, competition, dependency on major customers, and uncertain valuations pre‑price band announcement.
Q5. What are the potential upsides?
Upsides include strong infrastructure demand, pan‑India reach, diversified fleet and growth in equipment rentals could drive revenue and listing gains.
Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers.