Unimech Aerospace and Manufacturing has secured approximately ₹150 crore from anchor investors ahead of its much-anticipated Initial Public Offering (IPO). A total of 18 anchor investors participated in the pre-IPO funding round, with the company allotting 19 lakh shares at an average price of ₹785 per share. Among these investors, seven mutual funds invested through 10 schemes, including notable names like ICICI Prudential, Axis Mutual Fund, Motilal Oswal, Edelweiss Mutual Fund, and Tata Mutual Fund.
Additionally, global investor Goldman Sachs contributed ₹15 crore to the anchor book, while other foreign investors such as HSBC, Natixis, Copthall Mauritius, and Clarus Capital Group AG also took part in the funding round.
IPO Details
The IPO of Unimech Aerospace and Manufacturing will open for subscription on December 23 and close on December 26. The price band for the issue is set at ₹745–₹785 per share, with the company aiming to raise approximately ₹500 crore.
- Fresh Issue: ₹250 crore worth of new shares will be issued.
- Offer for Sale (OFS): ₹250 crore worth of shares will be sold by existing promoters and shareholders.
The IPO’s lot size is 19 shares, requiring a minimum investment of ₹14,915 for retail investors. For non-institutional investors (NII), the minimum lot size is 266 shares, amounting to ₹2,08,810.
The proceeds from the IPO will be used for purchasing machinery and equipment, meeting working capital needs, and repaying certain debts.
Company Overview
Founded in 2016, Unimech Aerospace specializes in manufacturing complex equipment like mechanical assemblies and electro-mechanical systems for aero-engines and airframes. Over the years, the company has established itself as a key player in the aerospace manufacturing sector.
Financial Performance
Unimech Aerospace has showcased robust financial growth in recent years. In FY24, the company’s net profit surged by 155% to ₹58.13 crore, while its revenue jumped by 125% to ₹213.79 crore.
With strong financials, significant backing from both domestic and global anchor investors, and a strategic focus on high-growth aerospace segments, Unimech Aerospace’s IPO is expected to draw significant interest from retail and institutional investors alike.
