Unimech Aerospace and Manufacturing is into Industrial Aerospace Engineering sector and is looking raise funds through Fresh Issue and Offer For Sale
IPO Summary
Unimech Aerospace and Manufacturing IPO is a public offering of shares by Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman and Preetham S V.. The IPO will open on December 23 and will close on December 26. The price band is ₹745 to ₹785 per share and the lot size is 19 shares. The issue size is ₹500. crore. The shares are expected to be listed on NSE, BSE on December 31 (^). Some additional information that you may find useful are: Around 98.25% (99.35% in FY24) of the revenues are from Aerospace segment as on 6MFY25.: (**) - based on higher price band (^) indicative datePromoters of the company are Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman and Preetham S V. Currently promoters hold 91.83% stake in the company. While post-equity promoters stake will be 79.82%
- Company aims to raise between Rs 500 to 500 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) Rs36.3 cr for Capex on Plant and Machinery 2) Rs25.2 cr on Working Capital 3) Rs128.5 cr investment in subsidiary towards a) capex, b) working capital and c) repayment/pre-payment of debt and 4) General corporate purposes
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 20-Dec-24.
- Price band for the IPO has been fixed at Rs 745 to 785 per share and bid lot are in multiple of 19 shares. The implied market cap post-issue at Rs 3,802 to 3,992 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on December 27 and share are expected to be listed on NSE, BSE on December 31.
- Company has direct peer competition in India'a Aerospace Manufacturing Industry. In Listed space peers include MTAR Technologies Limited, Azad Engineering Limited, Paras Defence & Space Technologies Limited, Dynamatic Technologies Limited and Data Patterns (India) Limitedamong others.
- Anand Rathi Advisors, Equirus Capital has been appointed as Merchant Banker to the issue. KFin Technologies Ltd. has been appointed as official registrar of the issue.
- Company has not undertaken Pre-IPO placement.
Key Pointers of Unimech Aerospace and Manufacturing IPO:
| Unimech Aerospace and Manufacturing Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 2016 | Bangalore | Industrial | Aerospace Engineering |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (Fresh+OFS) | Book Building | 31-Dec-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 23-Dec-24 to 26-Dec-24 | ₹ 745 to 785 per sh | ₹ 5 per sh | 19 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 19 shares ₹ 14,915 | 247 shares up to ₹ 193,895 | 266 to 1,273 shares ₹ 208,810 to 999,305 | 1,292 shares and above ₹ 1,014,220 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About Unimech Aerospace and Manufacturing Limited
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.
Around 98.25% (99.35% in FY24) of the revenues are from Aerospace segment as on 6MFY25.
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
| Unimech Aerospace and Manufacturing Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 20-Dec-24 |
| IPO Open | 23-Dec-24 |
| IPO Close | 26-Dec-24 |
| Allotment | 27-Dec-27 |
| Credit of Shares | 30-Dec-24 |
| Refund | 30-Dec-24 |
| Listing | 31-Dec-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Unimech Aerospace and Manufacturing Limited IPO - Management Details: | |
|---|---|
| Anil Kumar P, Chairman and Whole time Director | |
| Ramakrishna Kamojhala, Whole time Director and Chief Financial Officer | |
| Krishnappayya Desai, Company Secretary and Compliance Officer | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| Unimech Aerospace and Manufacturing Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 50 | NA | 3,175,159 | NA | 249.25 |
| Non-Retail (NII) | 15 | NA | 952,548 | NA | 74.78 |
| Non-Retail (NII): >Rs10L | NA | 635,032 | NA | 49.85 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 317,516 | NA | 24.93 | |
| Retail | 35 | NA | 2,222,611 | NA | 174.47 |
| Employee | NA | 19,108 | 1.5 | 1.5 | |
| Shareholder | NA | . | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
Check IPO Allotment status of Unimech Aerospace and ManufacturingIPO:
| Unimech Aerospace and Manufacturing Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| Unimech Aerospace and Manufacturing Limited - Documents | |
|---|---|
Disclaimer:
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| Source: SEBI, BSE, NSE |
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