Upcoming IPO: SEBI Gave Green Light to Kalpataru and Unimech Aerospace to Float IPO

Despite heightened volatility in the global market due to geopolitical uncertainties, the Indian primary market is poised for significant activity. The Securities and Exchange Board of India (SEBI) has approved 2 companies—Kalpataru Ltd and Unimech Aerospace and Manufacturing Ltd—to raise funds through Initial Public Offerings (IPOs).

Both Kalpataru Ltd, a real estate firm, and Unimech Aerospace and Manufacturing Ltd, an aerospace engineering company, have received the green light from SEBI. The update was shared by the market regulator on Monday, confirming the companies’ readiness to launch their IPOs.

Fundraising Plans: Kalpataru to Raise ₹1,590 Crore

Kalpataru Ltd aims to raise ₹1,590 crore through its IPO. According to the draft papers, this offer will involve a fresh issue of shares. Kalpataru plans to allocate ₹1,192.5 crore of the proceeds for debt repayment. The company, based in Mumbai, is part of the Kalpataru Group, which includes entities like Kalpataru Projects International Ltd, Property Solutions (India), and Shree Shubham Logistics Ltd.

Unimech Aerospace to Raise ₹500 Crore

Unimech Aerospace and Manufacturing Ltd, headquartered in Bengaluru, plans to raise ₹500 crore through its IPO. This offering will consist of a fresh issue of equity shares worth ₹250 crore and an offer for sale (OFS) of ₹250 crore by the promoters and the promoter group. Additionally, the offer includes a reservation for subscription by eligible employees. The funds raised will support Unimech’s expansion efforts, including machinery purchase, working capital requirements, debt repayment, and investment in its material subsidiary.

Utilisation of Funds by Unimech Aerospace

Unimech Aerospace specializes in high-precision engineering solutions for industries such as aerospace, defence, energy, and semiconductors. The company intends to use the funds from the IPO to strengthen its operations, invest in technology, and pay down debt, ensuring sustained growth and competitiveness in its field.

Listing on BSE and NSE

Once launched, the shares of both Kalpataru Ltd and Unimech Aerospace will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), offering investors an opportunity to participate in these companies’ growth stories.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.