Unimech Aerospace and Manufacturing IPO Closed
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Schedule of Unimech Aerospace and Manufacturing
| Issue open date | 23 Dec 2024 |
| Issue close date | 26 Dec 2024 |
| UPI mandate deadline | 26 Dec 2024 (5 PM) |
| Allotment finalization | 27 Dec 2024 |
| Refund initiation | 30 Dec 2024 |
| Share credit | 30 Dec 2024 |
| Listing date | 31 Dec 2024 |
| Mandate end date | 10 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 26 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 27 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Unimech Aerospace and Manufacturing
Incorporated in 2016, Unimech Aerospace and Manufacturing is an engineering solutions company specializing in manufacturing and supplying precision-engineered components for aerospace, defense, energy, and semiconductor industries. Expertise includes aero tooling, ground support equipment, and electro-mechanical sub-assemblies, with both “build to print” and “build to specifications” capabilities for customized solutions. Operating from two advanced facilities in Bangalore, the company serves leading global OEMs and licensees across seven countries. Products adhere to stringent quality standards (AS9100D & ISO 9001:2015), emphasizing high-mix, low-volume production tailored to specific requirements. Over 90% of revenue is export-driven, with a focus on timely delivery and quality assurance. As of September 2024, the order book stood at ₹807.52 million, showcasing operational strength and global reach.
Financials of Unimech Aerospace and Manufacturing
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹500 crores |
| Fresh Issue | ₹250 crores |
| Offer for sale | ₹250 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 36.37(14.55%) |
| Working capital requirements | 25.29(10.12%) |
| Investment in subsidiary | 128.60(51.44%) |
| General corporate purposes | 59.73(23.89%) |
Strengths
- Advanced manufacturing capabilities for high-precision engineering solutions.
- Unique dual capabilities: build-to-print and build-to-specifications.
- Expertise in machining, fabrication, assembly, and special processes.
- Strong assembly and testing capabilities meeting diverse customer needs.
- Certified quality standards including AS9100D and BS EN ISO 9001.
- Extensive global customer base across aerospace and related industries.
- Robust vendor ecosystem ensuring flexibility and supply chain resilience.
- Export-oriented focus with significant revenue from international markets.
- Experienced management team with deep industry expertise and leadership.
Risks
- Heavy dependency on the aerospace sector impacts revenue diversification.
- High reliance on the top five customers for revenue generation.
- Long gestation periods affect working capital and cash flow.
- Export dependency exposes operations to global market uncertainties.
- Significant reliance on operations of material subsidiary Innomech Aerospace.
- Negative cash flows from past activities affect financial stability.
- Leased facility dependency risks operational continuity and relocation issues.
Allotment Status for Unimech Aerospace and Manufacturing
To check your allotment status – click here.
Subscription Figures for Unimech Aerospace and Manufacturing
Subscription numbers as of 5:00 PM on 26 Dec 2024:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 13.38 | 4250.68 | 317.63x |
| HNI (₹2L+) | 10.03 | 2647.55 | 263.78x |
| Retail (upto ₹2L) | 23.41 | 1328.80 | 56.74x |
| Employees | 0.20 | 19.69 | 97.81x |
| Total | 47.04 | 8246.73 | 175.31x |