Unimech Aerospace and Manufacturing Ltd IPO
Open Demat Account
Unimech Aerospace and Manufacturing Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 63.69 L | ₹ 31.85 L | ₹ 22.23 L | ₹ 437.77 L | BSE | ₹ 500 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Dec, 24 | 26 Dec, 24 | 19 | ₹ 14,155 | Book Building | 31 Dec, 24 |
Unimech Aerospace and Manufacturing Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 133.87x | 3175160 | 425068114 |
| NII | 277.94x | 952548 | 264755538 |
| Retail | 59.79x | 2222611 | 132880642 |
| Employee | 103.06x | 19108 | 1969274 |
| Total | 129.47x | 6369426 | 824673568 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Unimech Aerospace and Manufacturing Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 208.78 | 94.17 | 36.35 |
| EBITDA | 7.04 | 6.48 | 4.30 |
| PAT | 2.43 | 2.13 | 1.70 |
| Total Assets | 31.55 | 27.03 | 25.34 |
| Share Capital | 22.00 | 1.04 | 1.04 |
| Total Borrowings | 13.33 | 15.19 | 13.88 |
| Operating Activities (Net Cash) | 4.26 | 4.07 | 3.03 |
| Investing Activities (Net Cash) | 1.72 | 2.56 | 0.01 |
| Financing Activities (Net Cash) | 13.33 | 15.19 | 13.88 |
| Net Cashflow | 5.60 | 3.18 | 3.87 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Unimech Aerospace and Manufacturing Ltd
Our Company was originally incorporated as Unimech Aerospace and Manufacturing Private Limited under the provisions of the Companies Act, 2013 pursuant to a certificate of incorporation dated August 12, 2016, issued by the Central Registration Centre, for and on behalf of the Jurisdictional Registrar of Companies, Karnataka at Bangalore (RoC). The name of our Company was subsequently changed to Unimech Aerospace and Manufacturing Limited, upon conversion of our Company from a private limited to a public limited company, pursuant to a board resolution dated February 14, 2024, and a shareholders' resolution dated March 4, 2024. A fresh certificate of incorporation dated June 21, 2024, was issued by the RoC.
Global air travel spends had amounted to USD 876 billion in 2019 and is further expected to surpass the USD 1 trillion mark in 2024. As the aviation industry continues to expand, driven by increasing air travel demand and fleet modernization initiatives, the aircraft MRO market also experiences significant growth and evolution in tandem. MRO services encompass a wide range of activities, including scheduled maintenance checks, unscheduled repairs, component replacement, and overhaul services. Aerospace and defence industries rely heavily on precision tooling to manufacture high-performance components which includes machining components, tooling materials & coatings, assembly & fastening etc. The Ground Support Tooling Equipment (GSTE) are used in manufacturing and maintenance of the aircraft. The touch points of Ground Support Tooling Equipment providers are across three phases in both Engine and Aircraft manufacturing and maintenance. We are one of the companies which is well positioned in both Aerospace and Defence GSTE and precision component manufacturing in India catering to global OEMs and their approved licensees.
We are an engineering solutions company specializing in manufacturing and supply of critical parts such as aero tooling, ground support equipment, electro-mechanical sub-assemblies and other precision engineered components for aerospace, defence, energy, and semiconductor industries. We possess build to print capabilities, wherein we manufacture products based on client designs, and build to specifications capabilities, wherein we assist clients in designing the products to be manufactured basis specifications. We supply high precision and critical components to major OEMs and their licensees worldwide. Our export-oriented business has a diverse product portfolio and strong focus on quality and timely delivery.
Peer Comparison:
- MTAR Technologies Ltd
- Azad Engineering Ltd
- Paras Defence and Space Technologies Ltd
- Dynamatic Technologies Ltd
- Data Patterns (India) Ltd
Unimech Aerospace and Manufacturing Ltd IPO Key Points
Strengths
- We are a global high precision and engineering solutions company with capabilities to manufacture under two models: (i) build to print and (ii) build to specifications, for our customers.
- We have established ourselves as an approved supplier for various industry leaders in aerospace, defence, semi-conductor and energy sectors.
- We have developed and have a potential to further evolve our facilities to cater to all the specific and changing needs and requirements of the customers with respect to the products we make and for the industry we supply products to, allowing us to provide customized and tailored solutions.
- We are a leading exporter of aerospace components, with exports significantly contributing to our overall revenue.
- We have a global delivery service model for supplying products to our customers, which includes logistical support and direct export to various companies including USA and Europe.
Risk
- A significant portion of its total revenue from operations i.e. 98.25%, 99.35%, 94.70% and 95.84% in the six months period ended September 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively is attributable to the aerospace sector wherein its manufacture products pertaining to aero engine tooling and airframe tooling. Any adverse changes in the aerospace sector could adversely impact its business, results of operations and financial condition.
- The company is dependent on its top five customers who contribute to 94.62%, 96.80%, 93.88% and 88.97% of its total revenue from operations in the six months period ended September 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively and the loss of any of these customers or a significant reduction in purchases by any of them could adversely affect its business, results of operations and financial condition.
- Its business works on a longer gestation period wherein, there is considerable time gap of 7 to 28 weeks between the receipt of order and the payment, thereby, affecting its working capital requirements.
Strategy
- Market Development: Enhancing our global footprint in strategic regions, thereby enriching the customer experience for our existing clientele and expanding our reach to new markets.
- Market Penetration: Capturing a higher market share and increase in wallet shares from customers.
- Capacity Expansion Strategies: Increasing manufacturing capacity and collaborative manufacturing with global and local manufacturers for growth.
- Diversification: Focus on growth by opportunistic inorganic acquisitions and partnerships with customers.
- Product Development: Manufacturing of products including semiconductor manufacturing equipment, medical devices, robotics and other industries which require high-mix, low-volume.
- We are a global high precision and engineering solutions company with capabilities to manufacture under two models: (i) build to print and (ii) build to specifications, for our customers.
- We have established ourselves as an approved supplier for various industry leaders in aerospace, defence, semi-conductor and energy sectors.
- We have developed and have a potential to further evolve our facilities to cater to all the specific and changing needs and requirements of the customers with respect to the products we make and for the industry we supply products to, allowing us to provide customized and tailored solutions.
- We are a leading exporter of aerospace components, with exports significantly contributing to our overall revenue.
- We have a global delivery service model for supplying products to our customers, which includes logistical support and direct export to various companies including USA and Europe.
How To Apply for Unimech Aerospace and Manufacturing Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
