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Unimech Aerospace IPO is a book-built issue of Rs 500.00 crores. The issue is a combination of a fresh issue of 0.32 crore shares aggregating to Rs 250.00 crores and an offer for sale of 0.32 crore shares aggregating to Rs 250.00 crores.
The IPO opened for subscription on December 23, 2024, and will close on December 26, 2024. The price band is set at ₹745 to ₹785 per share. The minimum lot size for an application is 19 shares.
Company Summary
Incorporated in 2016, Unitech Aerospace and Manufacturing Limited is engaging in the manufacturing of complex tools like mechanical assemblies, electro-mechanical systems, and components for aero-engine 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 manufactured 2,356 SKUs in the tooling and precision complex sub-assemblies category and 624 SKUs in the precision machined parts category, supplying 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.
Company Strengths:
- 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.
- The export-driven player with a global delivery service model
- Robust vendor ecosystem and strong sub-contractor management with proven execution capabilities.
- Experienced and complementary management team with strong implementation skills and operational effectiveness.
Company Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 509.27 | 175.63 | 93.34 | 56.88 |
| Revenue | 127.58 | 213.79 | 94.93 | 37.08 |
| Profit After Tax | 38.68 | 58.13 | 22.81 | 3.39 |
| Net Worth | 390.1 | 108.6 | 48.85 | 27.66 |
| Reserves and Surplus | 113.71 | 86.59 | 47.8 | 26.62 |
| Total Borrowing | 74.71 | 28.86 | 22.26 | 17.12 |
Amount in ₹ Crore | ||||
Objectives of the IPO
The Company intends to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding of capital expenditure for expansion through the purchase of machinery and equipment by the Company
- Funding working capital requirements of the Company
- Investment in the Material Subsidiary for: (i) purchase of machinery and equipment; (ii) funding its working capital requirements; and (iii) repayment/prepayment, in full or part, of certain borrowings availed by their Material Subsidiary
- General corporate purposes.
Promoters of the Company: Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman, and Preetham SV are the promoters of the company.
IPO details
| IPO Date | December 23, 2024 to December 26, 2024 |
| Listing Date | Tuesday, December 31, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹745 to ₹785 per share |
| Lot Size | 19 Shares |
| Total Issue Size | 63,69,424 shares (aggregating up to ₹500.00 Cr) |
| Fresh Issue | 31,84,712 shares (aggregating up to ₹ 250.00 Cr) |
| Offer for Sale | 31,84,712 shares of ₹5 (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Lot Allocation details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 19 | ₹14,915 |
| Retail (Max) | 13 | 247 | ₹1,93,895 |
| S-HNI (Min) | 14 | 266 | ₹2,08,810 |
| S-HNI (Max) | 67 | 1,273 | ₹9,99,305 |
| B-HNI (Min) | 68 | 1,292 | ₹10,14,220 |
Allotment Schedule
| Basis of Allotment | Friday, December 27, 2024 |
| Initiation of Refunds | Monday, December 30, 2024 |
| The credit of Shares to Demat | Monday, December 30, 2024 |
| Listing Date | Tuesday, December 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2024 |
IPO Reservation
| Investor Category | Shares Offered |
| Anchor Investor Shares Offered | 19,05,094 |
| QIB Shares Offered | 12,70,065 |
| NII (HNI) Shares Offered | 9,52,548 |
| Retail Shares Offered | 22,22,611 |
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