According to the DRHP, Rs 168 crore from the fresh issue will be used to repay or prepay borrowings, while Rs 84.03 crore will be allocated for capital expenditure, mainly towards the purchase of new equipment. The remaining funds will be used for general corporate purposes.
Founded in 2003, Aggcon has emerged as one of India’s leading infrastructure equipment rental companies catering exclusively to the construction and engineering sectors. With over 337 fleets as of March 31, 2025—ranging from earthmoving machines and aerial work platforms to road construction and foundation equipment—the company is one of the few players in India offering end-to-end rental services across this spectrum.
Aggcon’s equipment is used in major infrastructure projects across 27 states and five union territories, with clientele that includes Afcons Infrastructure, Tata Projects, Monte Carlo, Rahee Infratech, G.R. Infraprojects, and PNC Infratech.
The company’s fleet has been deployed in high-profile national infrastructure developments such as the Mumbai Trans Harbour Link (MTHL), INS Varsha submarine bunker, Kudankulam Nuclear Power Plant, and the Dhubri-Phulbari Bridge.
Backed by original equipment makers like L&T Construction, Hyundai, Wirtgen, and Sany India, Aggcon reported a 19.47% jump in revenue to Rs 164.02 crore in FY25, compared to Rs 137.29 crore in FY24. Net profit rose 35.64% year-on-year to Rs 30.71 crore, driven by increased rental and freight income and greater operating efficiency.As of March 2025, the company had served more than 500 customers and acquired four subsidiaries—Savbri International, RJSP Logistics, Remodelers Buildcon, and Max Rentals—to strengthen its asset and logistics footprint.
Motilal Oswal Investment Advisors is acting as the sole book-running lead manager, while MUFG Intime India (Link Intime) is the registrar. The equity shares are proposed to be listed on both BSE and NSE.
