Unimech Aerospace and Manufacturing Limited IPO Details

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Unimech Aerospace and Manufacturing Limited IPO Details

Unimech Aerospace IPO is a book built issue of Rs 500.00 crores.

December 23rd, 2024 IPO

Unimech Aerospace and Manufacturing Limited is set to launch its Initial Public Offering (IPO), combining a fresh issue and an offer for sale (OFS) to raise funds amounting to ₹500 crore. The IPO bidding will open on December 23, 2024, and close on December 26, 2024, with listing scheduled for December 31, 2024.

IPO Overview

Key Details:

IPO Date: December 23, 2024, to December 26, 2024
Listing Date: December 31, 2024
Face Value: ₹5 per share
Price Band: ₹745 to ₹785 per share
Lot Size: 19 shares
Total Issue Size: ₹500 crore (63,69,424 shares)
- Fresh Issue: ₹250 crore (31,84,712 shares)
- Offer for Sale: ₹250 crore (31,84,712 shares)
Issue Type: Book Built Issue IPO
Listing At: BSE, NSE

Shareholding Structure

Pre-Issue Shareholding: 91.83%
Post-Issue Shareholding: Updated figures pending.

Reservation for Investor Categories

Investor Category	Shares Offered
QIB (Qualified Institutional Buyers)	Not more than 50%
Retail Investors	Not less than 35%
NII (Non-Institutional Investors)	Not less than 15%

Anchor Investors

Bid Date: December 20, 2024
Shares Offered: 19,05,094 shares
Anchor Portion Size: ₹149.55 crore
Lock-In Period End Dates:
- 50% Shares: January 26, 2025
- Remaining Shares: March 27, 2025

Lot Size Details

Investor Type	Lots	Shares	Investment Amount (₹)
Retail (Min)	1	19	14,915
Retail (Max)	13	247	1,93,895
sNII (Min)	14	266	2,08,810
bNII (Min)	68	1,292	10,14,220

Objectives of the Issue

Funding capital expenditure for expansion through machinery and equipment purchases.
Funding working capital requirements.
Investment in a material subsidiary for machinery, equipment, working capital, and partial repayment/prepayment of borrowings.
General corporate purposes.

About the Company

Incorporated in 2016, Unimech Aerospace and Manufacturing Limited specializes in manufacturing complex tools such as mechanical assemblies, electro-mechanical systems, and components for aeroengine and airframe production. The company operates two manufacturing facilities in Bangalore, spanning over 1,20,000 sq. ft., and caters to clients across the aerospace, defense, energy, and semiconductor industries.

Products:

Aero Engine Tooling: Engine lifting beams, oil tubes alignment fixtures.
Airframe Tooling: Lateral spar assembly, airframe platforms.
Precision Parts: Missile components, subsystems.

Competitive Strengths:

Advanced manufacturing capabilities.
Digital-first infrastructure.
Established global presence.
Experienced management team.

Financial Performance

Unimech Aerospace has showcased significant financial growth:

Period Ended	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Assets (₹ Cr)	509.27	175.63	93.34	56.88
Revenue (₹ Cr)	127.58	213.79	94.93	37.08
PAT (₹ Cr)	38.68	58.13	22.81	3.39
Net Worth (₹ Cr)	390.10	108.60	48.85	27.66

Key Performance Indicators (KPIs):

Market Capitalization: ₹3992.27 crore
ROE: 53.53%
ROCE: 54.36%
Debt-to-Equity: 0.32
PAT Margin: 27.85%

Book Running Lead Managers

Anand Rathi Securities Limited
Equirus Capital Private Limited

Registrar

Kfin Technologies Limited

Conclusion

Unimech Aerospace IPO presents a compelling investment opportunity with its strong financial performance, advanced manufacturing capabilities, and established market presence. Investors can leverage this IPO for potential growth in the aerospace and manufacturing sectors.