Unimech Aerospace and Manufacturing Limited, a Bengaluru-based high-precision engineering solutions provider, is set to launch its Initial Public Offering (IPO) to raise ₹500 crore.
IPO Details:
- Issue Period: December 23, 2024, to December 26, 2024.
- Price Band: ₹745 to ₹785 per equity share.
- Issue Size: ₹500 crore, comprising:
- Key Dates
- Basis of Allotment: December 27, 2024.
- Refunds Initiation: December 30, 2024.
- Credit of Shares to Demat: December 30, 2024.
- Listing Date: December 31, 2024.
Company Overview:
Established in 2016, Unimech Aerospace specializes in “build to print” and “build to specification” services, including machining, fabrication, assembly, testing, and new product development. The company manufactures complex tooling, mechanical assemblies, electro-mechanical turnkey systems, and precision components for sectors such as aerospace, defense, energy, and semiconductors.
Financial Highlights:
Between Fiscal 2022 and 2024, Unimech Aerospace reported significant growth:
- Revenue: Increased from ₹37.08 crore in FY22 to ₹213.79 crore in FY24.
- Profit After Tax (PAT): Rose from ₹3.39 crore in FY22 to ₹58.13 crore in FY24.
Use of Proceeds:
- Funding capital expenditure for expansion through the purchase of machinery and equipment.
- Meeting working capital requirements.
- Investing in the material subsidiary for machinery purchase, working capital, and debt repayment.
- General corporate purposes.
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