Unimech Aerospace IPO

Unimech Aerospace IPO opens for subscription on December 23, 2024 and closes on December 26, 2024. The allotment for the Unimech Aerospace IPO is expected to be finalized on Friday, December 27, 2024. Unimech Aerospace IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 31, 2024.

Unimech Aerospace IPO is a book built issue of Rs 500.00 crores. The issue is a combination of fresh issue of 0.32 crore shares aggregating to Rs 250.00 crores and offer for sale of 0.32 crore shares aggregating to Rs 250.00 crores.

Unimech Aerospace IPO price band is set at ₹745 to ₹785 per share. The minimum lot size for an application is 19. The minimum amount of investment required by retail investors is ₹14,915. The minimum lot size investment for sNII is 14 lots (266 shares), amounting to ₹2,08,810, and for bNII, it is 68 lots (1,292 shares), amounting to ₹10,14,220.

Unimech Aerospace IPO Details

Unimech Aerospace IPO Lot Size

Investors can bid for a minimum of 19 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Unimech Aerospace IPO Objectives

The Company intends to utilise the Net Proceeds from the Fresh Issue towards funding the following objects: 1.

1. Funding of capital expenditure for expansion through purchase of machineries and equipment by the Company
2. Funding working capital requirements of the Company
3. Investment in the Material Subsidiary for: (i) purchase of machineries and equipment; (ii) funding its working capital requirements; and (iii) repayment / prepayment, in full or part, of certain borrowings availed by their Material Subsidiary
4. General corporate purposes.

The Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders and the proceeds from the Offer for Sale will not form part of the Net Proceeds

About Unimech Aerospace and Manufacturing

Incorporated in 2016, Unitech Aerospace and Manufacturing is engaging in the manufacturing of complex tools like mechanical assemblies, electro-mechanical systems, and components for aeroengine and airframe production.

The company is an engineering solutions provider specializing in the manufacturing of complex products with “build to print” and “build to specifications” offerings. This involves machining, fabrication, assembly, testing, and creating new products based on the specific requirements of clients in the aerospace, defense, energy, and semiconductor industries.

Between Year 2022 and Year 2024, They have manufactured 2,356 SKUs in tooling and precision complex sub-assemblies category and 624 SKUs in the precision machined parts category, supplying to more than 26 customers across 7 countries.

As of March 31, 2024, the company operates two manufacturing facilities in Bangalore, covering a total area of over 1,20,000 sq ft. Unit I, located in Peenya, spans over 30,000 sq ft, while Unit II, situated in a Special Economic Zone near Bangalore International Airport, covers over 90,000 sq ft. These facilities are registered with ISO.

As of March 31, 2024, The Company had 384 employees.

Products:

• Aero Engine tooling: Engine lifting and balancing beams,Oil Tubes Alignment Fixture, Radial Centering Support etc.
• Airframe tooling: Lateral Spar Assembly, Drill Jig, Airframe Assembly Platforms
• Precision Parts: Missile Component, Missile Component
• Precision Sub System: Rocker Arm – HMC CDA

Competitive Strenghths:

Experienced and complementary management team with strong implementation skills and operational effectiveness

Advanced manufacturing capabilities capable of delivering high precision engineering solutions

Digital-first manufacturing company with a robust infrastructure facilitating seamless integration of operations

Established player with unique capabilities in a sector with high barriers to entry

Export driven player with a global delivery service model

Robust vendor ecosystem and strong sub-contractor management with proven execution capabilities

Unimech Aerospace and Manufacturing Financial Information

Unimech Aerospace IPO Reservation

Unimech Aerospace IPO Timeline (Tentative Schedule)

Unimech Aerospace IPO opens on December 23, 2024, and closes on December 26, 2024.