Unimech Aerospace and Manufacturing IPO Price: ₹745 to ₹785 per share
IPO Dates: 23 December 2024 – 26 December 2024
Company Overview
Incorporated in 2016, Unimech Aerospace and Manufacturing Limited specializes in the manufacturing of complex tools and systems, including mechanical assemblies, electro-mechanical systems, and precision components. These products are primarily utilized in aeroengine and airframe production. As an engineering solutions provider, the company focuses on “build to print” and “build to specifications” capabilities, catering to client-specific requirements in the aerospace, defense, energy, and semiconductor industries.
Manufacturing and Facilities
Unimech operates two state-of-the-art manufacturing facilities in Bangalore, covering a combined area of over 1,20,000 sq. ft. Unit I, located in Peenya, spans 30,000 sq. ft., while Unit II, situated in a Special Economic Zone near Bangalore International Airport, covers 90,000 sq. ft. Both facilities are ISO-registered, ensuring adherence to stringent quality standards.
Between 2022 and 2024, the company manufactured 2,356 SKUs in the tooling and precision complex sub-assemblies category and 624 SKUs in the precision machined parts category. These products were supplied to over 26 customers across seven countries, reflecting Unimech’s export-driven business model.
Workforce and Expertise
As of March 31, 2024, Unimech employed 384 personnel, supporting its advanced manufacturing capabilities and robust operations. The company leverages a strong vendor ecosystem and effective subcontractor management to ensure seamless execution of projects.
Product Portfolio
Unimech offers a wide range of specialized products tailored to its clients’ diverse needs:
- Aero Engine Tooling: Engine lifting and balancing beams, oil tubes alignment fixtures, radial centering supports.
- Airframe Tooling: Lateral spar assemblies, drill jigs, airframe assembly platforms.
- Precision Parts: High-accuracy missile components and other critical machined parts.
- Precision Sub-Systems: Products like the Rocker Arm-HMC CDA.
The company also provides services for assembly, disassembly, calibration tooling, ground support equipment, and transportation stands, catering to production, MRO, and line maintenance activities.
Competitive Strengths
Unimech’s leadership in its domain stems from several key factors:
- Advanced manufacturing capabilities delivering high-precision engineering solutions.
- A digital-first approach with robust infrastructure enabling seamless operational integration.
- A strong foothold in a high-barrier-to-entry sector with unique expertise and capabilities.
- A globally-oriented service model with exports to the USA, Germany, and the UK.
- An experienced management team skilled in operational efficiency and implementation.
Conclusion
Since its establishment on August 12, 2016, Unimech Aerospace and Manufacturing Limited has emerged as a trusted provider of complex engineering solutions. With its innovative approach, global reach, and strong focus on precision, the company continues to play a pivotal role in advancing industries like aerospace, defense, energy, and semiconductors.
Bidding Starts In
Unimech Aerospace and Manufacturing IPO Specifics:
| 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 (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,76,72,170 shares |
| Share holding post issue | 5,08,56,882 shares |
Unimech Aerospace and Manufacturing IPO Timetable (Important Dates)
| IPO Open Date | Monday, December 23, 2024 |
| IPO Close Date | Thursday, December 26, 2024 |
| Basis of Allotment | Friday, December 27, 2024 |
| Initiation of Refunds | Monday, December 30, 2024 |
| 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 |
Unimech Aerospace and Manufacturing IPO Lot Size
Bidders have the opportunity to bid for a minimum of 19 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Unimech Aerospace and Manufacturing IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Unimech Aerospace and Manufacturing Limited IPO Financial Information
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 30 Sept 2024 |
|---|---|---|---|---|
| Assets | 56.88 | 93.34 | 175.63 | 509.27 |
| Revenue | 37.08 | 94.93 | 213.79 | 127.58 |
| Profit After Tax | 3.39 | 22.81 | 58.13 | 38.68 |
| Net Worth | 27.66 | 48.85 | 108.6 | 390.1 |
| Reserves and Surplus | 26.62 | 47.8 | 86.59 | 113.71 |
| Total Borrowing | 17.12 | 22.26 | 28.86 | 74.71 |
Key Performance Indicator – Unimech Aerospace and Manufacturing IPO
| KPI | Values |
|---|---|
| MArket Cap | ₹ 3992.27 Cr |
| EPS | ₹12.19 |
| P/E (x) | 64.37 |
| ROE | 53.53% |
| ROCE | 54.36% |
| Debt / Equity | 0.32 |
| RoNW | 53.53% |
Objects of the Issue:
The company plans to utilize the net proceeds from the fresh issue for the following purposes:
- Capital Expenditure: To fund expansion by purchasing machinery and equipment.
- Working Capital: To meet the company’s working capital requirements.
- Investment in Material Subsidiary:
- Purchase of machinery and equipment.
- Funding its working capital needs.
- Repayment or prepayment, in full or part, of specific borrowings of the Material Subsidiary.
- General Corporate Purposes: For other business-related expenses.
Proceeds from the Offer for Sale (OFS) by the selling shareholders will not be received by the company and will not be included in the net proceeds.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
