India, June 2 -- Karnataka-based Aequs, a contract manufacturing company for consumer durable goods and aerospace parts, has reportedly filed a confidential draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI).

An ET report said that the startup is planning to raise $200 Mn (around INR 1,700 Cr) through the initial public offering (IPO).

This comes days after Aequs has converted into a public entity as it plans to go public. Back then, the startup said in a regulatory filing that it received approval from its board on April 25 to change its name to 'Aequs Limited' from 'Aequs Private Limited' earlier.

Inc42 has sent queries to Aequs for comments on the development. The story will ...