Unimech Aerospace and Manufacturing Limited’s Initial Public Offering to open on Monday, December 23, 2024, price band set at ₹745/- to ₹785- per Equity Share

• Price Band of ₹745/– ₹785- per Equity Share bearing face value of ₹5/- each (“Equity Shares”)
• Bid/Offer Opening Date – Monday, December 23 2024 and Bid/Offer Closing Date – Thursday, December 26 2024.
• Minimum Bid Lot is 19 Equity Shares and in multiples of 19 Equity Shares thereafter.
• The Floor Price is 149 times the face value of the Equity Share and the Cap Price is 157 times the face value of the Equity Share.

Bangalore, December 18, 2024: Unimech Aerospace and Manufacturing Limited, has fixed the price band of ₹745/- to ₹785- per Equity Share of face value ₹5/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Monday, December 23, 2024, for subscription and close on Thursday, December 26, 2024. Investors can bid for a minimum of 19 Equity Shares and in multiples of 19 Equity Shares thereafter.

The IPO is a mix of fresh issue of up to ₹ 2,500 million and an offer of sale of up to ₹ 2,500 million 

The proceeds from the fresh issue to the extent of ₹363.66 million  will be used for funding of capital expenditure for expansion through purchase of machineries and equipment by the Company; ₹ 252.85 million for funding working capital requirements of the Company; ₹ 438.91 million for funding of capital expenditure of the material subsidiary for expansion through purchase of machineries and equipment; ₹ 447.15 million for funding  working capital requirements of the material subsidiary; and ₹ 400 million  for repayment / prepayment of borrowings by the material subsidiary, in full or part, of certain borrowings; and general corporate purposes.

Incorporated in the year 2016, Unimech Aerospace and Manufacturing Limited is an 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.

The company possess “build to print” capabilities and “build to specifications” capabilities and supply high precision and critical components to major OEMs and their licensees around the globe.

Unimech’s product range includes engine lifting and balancing beams, assembly, disassembly and calibration tooling, ground support equipment, airframe assembly platforms, engine transportation stands, mechanical and electro-mechanical turnkey systems, as well as precision components.

Based in Bengaluru, the Company is a key link in the global supply chain for global aerospace, defence, semi-conductor and energy OEMs and their licensees for the supply of critical parts like aero tooling, ground support equipment, electro-mechanical sub-assemblies and other precision engineered components. Its key clients include some of the world’s top airframe and aero-engine OEMs and their approved licensees.

Anand Rathi Advisors Limited, and Equirus Capital Private Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net offer shall be available for allocation to non-institutional bidders, and not less than 35% of the net offer shall be available for allocation to retail individual investors. The offer also includes a reservation for a subscription by eligible employees bidding in the employee reservation portion.