About Unimech Aerospace and Manufacturing Limited-
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 aeroengine 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 have manufactured 2,356 SKUs in tooling and precision complex sub-assemblies category and 624 SKUs in the precision machined parts category, supplying to 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.
Products:
- Aero Engine tooling: Engine lifting and balancing beams,Oil Tubes Alignment Fixture, Radial Centering Support etc.
- Airframe tooling: Lateral Spar Assembly, Drill Jig, Airframe Assembly Platforms
- Precision Parts: Missile Component, Missile Component
- Precision Sub System: Rocker Arm – HMC CDA
Competitive Strenghths:
- 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
- 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
Unimech Aerospace IPO is a book built issue of Rs 500.00 crores. The issue is a combination of fresh issue of 0.32 crore shares aggregating to Rs 250.00 crores and offer for sale of 0.32 crore shares aggregating to Rs 250.00 crores.
Unimech Aerospace IPO bidding opened for subscription on December 23, 2024 and will close on December 26, 2024. The allotment for the Unimech Aerospace IPO is expected to be finalized on Friday, December 27, 2024. Unimech Aerospace IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 31, 2024.
Unimech Aerospace IPO price band is set at ₹745 to ₹785 per share. The minimum lot size for an application is 19. The minimum amount of investment required by retail investors is ₹14,915. The minimum lot size investment for sNII is 14 lots (266 shares), amounting to ₹2,08,810, and for bNII, it is 68 lots (1,292 shares), amounting to ₹10,14,220.
Unimech Aerospace IPO Details
| IPO Date | December 23, 2024 to December 26, 2024 |
| Listing Date | [.] |
| 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 |
| Share Holding Pre Issue | 4,76,72,170 shares |
| Share Holding Post Issue | 5,08,56,882 shares |
Unimech Aerospace IPO Timeline (Tentative Schedule)
Unimech Aerospace IPO IPO opens on December 23, 2024, and closes on December 26, 2024.
| 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 IPO Reservation
Unimech Aerospace IPO offers 63,69,426 shares. 12,70,065 (19.94%) to QIB, 9,52,548 (14.96%) to NII, 22,22,611 (34.89%) to RII, 19,108 (0.3%) to employees and 19,05,094 (29.91%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 19,05,094 (29.91%) | NA |
| QIB Shares Offered | 12,70,065 (19.94%) | NA |
| NII (HNI) Shares Offered | 9,52,548 (14.96%) | |
| bNII > ₹10L | 6,35,032 (9.97%) | 2,387 |
| sNII < ₹10L | 3,17,516 (4.99%) | 1,193 |
| Retail Shares Offered | 22,22,611 (34.89%) | 1,16,979 |
| Employee Shares Offered | 19,108 (0.3%) | NA |
| Total Shares Offered | 63,69,426 (100%) |
Unimech Aerospace IPO Lot Size
Investors can bid for a minimum of 19 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
Unimech Aerospace IPO Promoter Holding
Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman and Preetham SV are the promoters of the company.
| Share Holding Pre Issue | 91.83% |
| Share Holding Post Issue |
Category Reservation Detail Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for shareholder/RII
|
Unimech Aerospace IPO Anchor Investors Details
Unimech Aerospace IPO raises Rs 149.55 crore from anchor investors. Unimech Aerospace IPO Anchor bid date is December 20, 2024.Unimech Aerospace IPOAnchor Investors list
| Bid Date | December 20, 2024 |
| Shares Offered | 19,05,094 |
| Anchor Portion Size (In Cr.) | 149.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 27, 2025 |
Company Financials
Unimech Aerospace and Manufacturing Limited Financial Information (Restated Consolidated)
Unimech Aerospace and Manufacturing Limited’s revenue increased by 125% and profit after tax (PAT) rose by 155% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Unimech Aerospace IPO is Rs 3992.27 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 53.53% |
| ROCE | 54.36% |
| Debt/Equity | 0.32 |
| RoNW | 53.53% |
| PAT Margin | 27.85 |
| Price to Book Value | 31.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.19 | 15.21 |
| P/E (x) | 64.37 | 51.61 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Unimech Aerospace IPO Objectives)
The Company intends to utilise the Net Proceeds from the Fresh Issue towards funding the following objects: 1.
- Funding of capital expenditure for expansion through purchase of machineries and equipment by the Company
- Funding working capital requirements of the Company
- Investment in the Material Subsidiary for: (i) purchase of machineries 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.
The Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders and the proceeds from the Offer for Sale will not form part of the Net Proceeds
GMP…………..
Unimech Aerospace IPO last GMP is ₹510, last updated Dec 24th 2024 07:53 PM. With the price band of 785.00, Unimech Aerospace IPO’s estimated listing price is ₹1295 (cap price + today’s GMP).The expected percentage gain/loss per share is 64.97%.
