Unimech Aerospace and Manufacturing Ltd IPO

Unimech Aerospace and Manufacturing Ltd IPO

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.

Unimech Aerospace and Manufacturing Ltd IPO Details

Total Shares Offered

₹ 63,69,426

Offer to Public

31,84,713

Retail Max (Shares)

₹ 22,22,611

Pre Issue Promoters Holding

₹ 4,37,76,600

Exchange

BSE

Issue size

₹ 500 Cr

IPO Open Date

Dec 23, 2024

Close Date

Dec 26, 2024

Lot Size

19

Min Investment

₹ 14,155

Issue Type

Book Building

Listing Date

Dec 31, 2024

Unimech Aerospace and Manufacturing Ltd IPO Dates

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Dec 23, 2024
Opening date
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Dec 26, 2024
Closing date
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Dec 27, 2024
Basis of Allotment
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Dec 30, 2024
Initiation of Refunds
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Dec 30, 2024
Credit of Shares
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Dec 31, 2024
Listing date

Details

SectorType
SectorEngineering
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Unimech Aerospace and Manufacturing Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations242.93208.7894.17
EBITDA31.207.046.48
PAT19.082.432.13
Total Assets203.5631.5527.03
Share Capital25.4322.001.04
Total Borrowings54.149.1015.19
Operating Activities (Net Cash)21.524.264.07
Investing Activities (Net Cash)260.771.722.56
Financing Activities (Net Cash)54.149.1015.19
Net Cashflow141.129.833.18

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 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.

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.

FAQs on IPO (Initial Public Offering)

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

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Unimech Aerospace and Manufacturing Ltd's IPO offers shares for up to 250 It begins on Dec 23, 2024 and ends on Dec 26, 2024.

What is the price of the Unimech Aerospace and Manufacturing Ltd IPO?

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The price of Unimech Aerospace and Manufacturing Ltd IPO ranges between ₹745 to ₹785 per share.

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

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The Unimech Aerospace and Manufacturing Ltd IPO opens on Dec 23, 2024 and closes on Dec 26, 2024.

When will the Unimech Aerospace and Manufacturing Ltd IPO be allotted?

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The allotment for the Unimech Aerospace and Manufacturing Ltd IPO will be finalised on Dec 27, 2024. The shares will be listed on BSE and NSE on Dec 31, 2024.

What is the minimum lot size required for Unimech Aerospace and Manufacturing Ltd IPO?

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The minimum lot size for Unimech Aerospace and Manufacturing Ltd IPO is 19 shares, priced between ₹745 to ₹785 per share.

What is the GMP of Unimech Aerospace and Manufacturing Ltd IPO?

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The GMP (Grey Market Premium) of Unimech Aerospace and Manufacturing Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Unimech Aerospace and Manufacturing Ltd IPO?

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To check the allotment status of Unimech Aerospace and Manufacturing Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Unimech Aerospace and Manufacturing Ltd IPO getting listed?

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The Unimech Aerospace and Manufacturing Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 23, 2024, and closes on Dec 26, 2024. The allotment is finalised on Dec 27, 2024.

How do you apply for the Unimech Aerospace and Manufacturing Ltd IPO?

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To apply for the Unimech Aerospace and Manufacturing Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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