IPO Details

Bidding Dates

22 Dec '24 - 25 Dec '24

Minimum Investment

₹14,915 / 1 Lot (19 Shares)

Price Range

₹745 - ₹785

Maximum Investment

₹1,93,895 / 13 Lot (247 Shares)

Retail Discount

Not Applicable

Issue Size

₹500.00 crore

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible Employees  |  

Unimech Aerospace and Manufacturing IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Dec 22, 2024

IPO Closing Date

Dec 25, 2024

Basis of Allotment

Dec 26, 2024

Initiation of Refunds

Dec 29, 2024

IPO Listing Date

Dec 30, 2024

IPO Subscription Details

DateQIBNIIRetailEMPTotal

Day 1Dec 22, 2024

 2.62 4.26 4.75 6.89 4.05

Day 2Dec 23, 2024

 4.89 12.73 10.89 16.47 9.6

Day 3Dec 25, 2024

 21.27 119.95 34.04 62.05 48.85

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions 21.27x
Non-Institutional Buyers 119.95x
Retail Investors 34.04x
Employees 62.05x
Total 48.85x

About Unimech Aerospace and Manufacturing IPO

Unimech Aerospace has launched an Initial Public Offering (IPO) worth ₹500 crores, comprising an equal split of fresh shares and an offer for sale, each aggregating to ₹250 crores. The price range for the IPO is set between ₹745 and ₹785 per share. The issue opened for bidding on December 23, 2024, and closes today, December 26, 2024. Allotment of shares is anticipated to be finalised by tomorrow, December 27, 2024, with a tentative listing date on the BSE and NSE set for December 31, 2024.

Retail investors can invest with a minimum lot size of 19 shares, costing ₹14,915. Strategic Non-Institutional Investors (sNII) must purchase a minimum of 14 lots (266 shares) for ₹2,08,810, while Bulk Non-Institutional Investors (bNII) are required to buy at least 68 lots (1,292 shares), totalling ₹10,14,220. Anand Rathi Securities Limited and Equirus Capital Private Limited are managing the book, with Kfin Technologies Limited serving as the registrar.

Industry Outlook

  1. The global commercial aircraft fleet is projected to grow significantly, with the Asia-Pacific region expected to add 11,925 aircraft by 2042, driven by the demand for low-cost carriers and economic growth in the area.
  2. Defence aircraft engine market concentration is high, with General Electric holding a 24% share in 2023, powering key military aircraft including the F-15 and F/A-18.

Unimech Aerospace and Manufacturing IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funding of capital expenditure for expansion through purchase of machineries and equipment by the Company;
  2. Funding working capital requirements of the Company;
  3. Investment in the Material Subsidiary for:
    1. purchase of machineries and equipment;
    2. funding its working capital requirements; and
    3. repayment / prepayment, in full or part, of certain borrowings availed by the Material Subsidiary; and
  4. General corporate purposes.

About Unimech Aerospace and Manufacturing Limited 

Incorporated in 2016, Unitech Aerospace and Manufacturing Limited excels in manufacturing complex tools, mechanical assemblies, electro-mechanical systems, and components for aeroengine and airframe production. Based in Bangalore, the company specialises in engineering solutions with "build to print" and "build to specifications" services. This encompasses machining, fabrication, assembly, testing, and product development tailored to client requirements across aerospace, defence, energy, and semiconductor industries.

From 2022 to 2024, Unitech Aerospace manufactured 2,356 SKUs in tooling and precision complex sub-assemblies, and 624 SKUs in precision machined parts, serving over 26 customers across seven countries. The firm operates two ISO-registered manufacturing facilities in Bangalore, with a combined area of over 120,000 sq ft. The Peenya facility spans 30,000 sq ft, while the unit near Bangalore International Airport occupies 90,000 sq ft. As of March 31, 2024, the company employs 384 staff members.

How To Check the Allotment Status of the Unimech Aerospace and Manufacturing IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Unimech Aerospace and Manufacturing IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Unimech Aerospace and Manufacturing IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Unimech Aerospace and Manufacturing IPO 

Registered office: 538, 539, 542 & 543, 7th Main of Peenya IV Phase Industrial Area, Yeshwanthpur Hobli, Bangalore, North Taluk - 560058, Bangalore, Karnataka, India

Phone:  080-4204 6782

E-mail: investorrelations@unimechaerospace.com 

Unimech Aerospace and Manufacturing IPO Reservation

Investor Category

Shares Offered

Anchor Investor Shares Offered

19,05,094 (29.91%)

QIB Shares Offered

12,70,065 (19.94%)

NII (HNI) Shares Offered

9,52,548 (14.96%)

Retail Shares Offered

22,22,611 (34.89%)

Eligible Employees

19,108 (0.3%)

Total Shares Offered

63,69,426 (100%)

Category Reservation Detail Table

Application Category

Maximum Bidding Limits

Bidding at Cut-off Price Allowed

Only RII

Up to ₹2 Lakhs

Yes

Only sNII

₹2 Lakhs to ₹10 Lakhs

No

Only bNII

₹10 Lakhs to NII Reservation Portion

No

Only employee

Up to ₹5 Lakhs

Yes

Employee + RII/NII
  • Employee limit: Up to ₹5 Lakhs (In certain cases, employees are given discount if bidding amount is upto ₹2 millions)
  • If applying as RII: Upto ₹2 millions
  • If applying as NII: sNII > ₹2 millions and upto ₹10 millions and bNII > ₹10 millions

Yes for shareholder/RII

Unimech Aerospace and Manufacturing IPO Lot Size

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 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

-

Key Performance Indicators for Unimech Aerospace and Manufacturing IPO

As of March 31, 2024, the market capitalisation of Unimech Aerospace and Manufacturing's IPO is ₹3992.27 crore. Here are the KPIs of Unimech Aerospace and Manufacturing:

KPI

Value

ROE (%)

53.53%

ROCE (%)

54.36%

Debt to Equity (x)

0.32

Price to Book Value (x)

31.77

RoNW (%)

53.53%

PAT Margin (%)

27.85%

Price Metrics

Metric

Pre-IPO

Post-IPO

P/E (x)

12.19

15.21

EPS (₹)

64.37

51.61

Unimech Aerospace and Manufacturing IPO Prospectus

Unimech Aerospace and Manufacturing IPO Registrar and Lead Managers

Unimech Aerospace and Manufacturing IPO Lead Managers

  • Anand Rathi Securities Limited
  • Equirus Capital Private Limited

Registrar for Unimech Aerospace and Manufacturing IPO

 Kfin Technologies Limited

    • Contact Number: 04067162222, 04079611000

 

 

Website: Unimech Aerospace and Manufacturing IPO Registrar

Financial Performance of Unimech Aerospace and Manufacturing Limited

Particulars For period ended September 30, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ million) 1,206.56 2,087.75 941.66 363.49
Profit After Tax (PAT) (in ₹ million) 386.80 580.47 211.87 33.93
Total Borrowings (in ₹ million) 747.14 288.56 222.59 171.16
Net Worth (in ₹ million) 3,900.98 1,085.95 488.45 276.58
Return on Equity (%) 9.92% 53.53% 46.70% 12.26%
Return on Capital Employed (%) 9.69% 54.36% 42.87% 10.34%
Installed Capacity (Hours) 1,65,945 2,22,990 1,25,100 99,810
Earning Per Share (EPS)-in absolute ₹ 8.49 13.23 5.19 0.77

Know before investing

Strengths

12

  1. Advanced manufacturing with dual capability: "build to print" and "build to specification."

  2. Produced 2,999 SKUs, serving 26 customers across 7 countries.

  3. Expansive manufacturing facilities covering over 120,000 sq. ft. in Bangalore.

  4. High capacity utilisation of 94.68% ensuring efficient operations.

  5. Diverse manufacturing capabilities including machining, fabrication, and assembly.

  6. Implements rigorous testing, including load testing up to 70 tonnes.

  7. Strong focus on quality with ISO, AWS, and ASME certifications.

  8. Robust digital manufacturing systems integrating operations from start to finish.

  9. High market barriers due to complex production and client approval processes.

  10. Significant exporter with over 90% sales from international markets.

  11. Revenue growth CAGR of 139.7% between FY2022 and FY2024.

  12. Strategic partnerships and collaborations enhancing global market reach.

Risks

12

  1. Heavy reliance on aerospace sector: 98.25% revenue from Fiscal 2024.

  2. Customer concentration risk: Top 5 customers 94.62% of revenue.

  3. Extended order-to-cash cycle impacts working capital and cash flow.

  4. Export dependency: 95.67% revenue from exports in six months 2024.

  5. Raw material price volatility affects cost and operational stability.

  6. Lack of firm commitments from suppliers risks supply disruptions.

  7. Dependent on Innomech for 83.46% of six months 2024 revenue.

  8. Negative cash flows from investing and financing activities observed.

  9. Potential regulatory changes could impact export-driven revenue model.

  10. No hedging policy for foreign exchange risks affects profitability.

  11. Risk of lease non-compliance at SEZ facility affects operations.

  12. High reliance on top customers with 99.09% revenue from top 10.

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Unimech Aerospace and Manufacturing Limited Peer Details Comparison

Company Name EPS (Basic) P/E (x) RoNW (%) P/BV Ratio
Unimech Aerospace and Manufacturing Limited 8.49 - 9.92 -
MTAR Technologies Limited 7.54 237.09 3.32 7.87
Azad Engineering Limited 273.47 145.37 5.57 15.33
Paras Defence and Space Technologies Limited 147.98 146.89 5.71 9.07
Dynamatic Technologies Ltd. 230.12 37.34 3.32 7.65
Data Patterns (India) Limited 223.67 89.98 4.67 10.46

Unimech Aerospace and Manufacturing IPO FAQs

What is the Unimech Aerospace and Manufacturing IPO?

Unimech Aerospace and Manufacturing IPO is a book-built issue IPO. It will be open from December 23, 2024, to December 26, 2024.

When will Unimech Aerospace and Manufacturing IPO be allotted?

The Basis of Allotment will happen on Friday, December 27, 2024.

When will Unimech Aerospace and Manufacturing IPO open for subscription?

The IPO subscription window will open on December 26, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 19 shares.

When will Unimech Aerospace and Manufacturing Limited list on exchanges?

The listing date for Unimech Aerospace and Manufacturing Limited is Tuesday, December 31, 2024.

What is the issue size of the Unimech Aerospace and Manufacturing IPO?

The issue size of the Unimech Aerospace and Manufacturing IPO is up to ₹500.00 crore, with a fresh issue of ₹250.00 crore and an offer for sale of ₹250.00 crore.

What are the open and close dates of the Unimech Aerospace and Manufacturing IPO?

The open and close dates for Unimech Aerospace and Manufacturing IPO are from December 23, 2024, to December 26, 2024.

What would be the listing gains on the Unimech Aerospace and Manufacturing IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Unimech Aerospace and Manufacturing IPO allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.
2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Unimech Aerospace and Manufacturing IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Unimech Aerospace and Manufacturing Limited using one PAN?

You can submit only one application using your PAN card.

How to read Unimech Aerospace and Manufacturing Limited's financial statements?

To read Unimech Aerospace and Manufacturing’s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for Unimech Aerospace and Manufacturing Limited IPO?

Pre-apply allows investors to apply for the Unimech Aerospace and Manufacturing IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Unimech Aerospace and Manufacturing Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Unimech Aerospace and Manufacturing Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Unimech Aerospace and Manufacturing IPO?

Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Unimech Aerospace and Manufacturing IPO getting listed?

Unimech Aerospace and Manufacturing Limited IPO is proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).