Unimech Aerospace and Manufacturing is into Industrial Aerospace Engineering and is looking raise funds through Fresh Issue and Offer For Sale
Unimech Aerospace and Manufacturing IPO: Unimech Aerospace and Manufacturing Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 5 per share via initial public offering.
Promoters of Unimech Aerospace and Manufacturing are Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman and Preetham S V. and holds 91.83% stake in the company.
Key Details:
- Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 250 crores and an Offer for Sale aggregating upto Rs 250 crores.
- Anand Rathi Advisors, Equirus Capital have been appointed as lead merchant bankers for the proposed IPO.
- It has appointed KFin Technologies Ltd. as Registrar and Share transfer Agent.
- Company is yet to finalize issue size and some other important details relating to the IPO.
Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Fresh Issue aggregating Rs. 250 Crs andby OFS consists of Equity shares aggregating upto Rs 250 crores is from Promoter and Promoters Group Selling Shareholders...
Objects of the issue:
1) Rs32.5 cr for Capex on Plant and Machinery, 2) Rs25.2 cr on Working Capital, 3) Rs128.6 cr investment in subsidiary towards a) capex, b) working capital and c) repayment/pre-payment of debt., and 4) General corporate purposes.
About Company:
Established in 2016, Unimech Aerospace is engineering solutions company specializing in manufacturing and supply of critical parts such as aero tooling, ground support equipment, electro-mechanical sub-assemblies and other precision engineered components for aerospace, defence, energy, and semiconductor industries. Company supply high precision and critical components to major OEMs and their licensees worldwide. Its export-oriented business has a diverse product portfolio and strong focus on quality and timely delivery.
About Industry:
Global air travel spends had amounted to USD 876 billion in 2019 and is further expected to surpass the USD 1 trillion mark in 2024. As the aviation industry continues to expand, driven by increasing air travel demand and fleet modernization initiatives, the aircraft MRO market also experiences significant growth and evolution in tandem. MRO services encompass a wide range of activities, including scheduled maintenance checks, unscheduled repairs, component replacement, and overhaul services.Aerospace and defence industries rely heavily on precision tooling to manufacture high-performance components which includes machining components, tooling materials & coatings, assembly & fastening etc. The Ground Support Tooling Equipment (GSTE) are used in manufacturing and maintenance of the aircraft. The touch points of Ground Support Tooling Equipment providers are across three phases in both Engine and Aircraft manufacturing and maintenance. We are one of the companies which is well positioned in both Aerospace and Defence GSTE and precision component manufacturing in India catering to global OEMs and their approved licensees
Source: SEBI, BSE, NSE, DRHP, Unimech Aerospace and Manufacturing, Industry Data
Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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