Unimech Aerospace IPO is a book-built issue worth ₹500 crores, comprising a fresh issue of ₹250 crores and an offer for sale (OFS) of ₹250 crores, totaling 0.64 crore shares. The IPO will open for subscription on December 23, 2024, and close on December 26, 2024, with a price band of ₹745 to ₹785 per share.
The minimum lot size for retail investors is 19 shares, requiring an investment of ₹14,915, while sNII and bNII investments start at ₹2,08,810 and ₹10,14,220, respectively. The IPO reserves 35% for retail investors, 50% for QIBs, and 15% for HNIs.
The allotment date is December 27, 2024, and the shares are expected to list on BSE and NSE on December 31, 2024. The company reported revenue growth from ₹94.93 crores in 2023 to ₹213.79 crores in 2024, with profits increasing from ₹22.81 crores to ₹58.13 crores in the same period, showcasing strong financial performance. Investors are advised to consider this IPO as a promising long-term investment opportunity.
Overview of Contents
About Unimech Aerospace IPO
Unimech Aerospace and Manufacturing Limited, established in 2016, specializes in the manufacturing of complex products for the aerospace, defense, energy, and semiconductor industries. The company offers a range of services, including machining, fabrication, assembly, testing, and creating products like engine lifting beams, airframe platforms, and missile components. Between 2022 and 2024, it produced 2,356 SKUs in tooling and sub-assemblies, serving over 26 customers in 7 countries. With two manufacturing units in Bangalore, covering 1,20,000 sq ft, and ISO registration, the company employs 384 people as of March 2024. Known for its advanced manufacturing capabilities and digital-first approach, Unimech Aerospace has a strong global presence, serving clients in the USA, Germany, and the UK. In 2024, the company reported a significant financial growth, generating ₹2,038.49 million in revenue, up from ₹331.01 million in 2022, a 97.64% increase in profit.
Unimech Aerospace IPO Details
| PO Detail | Information |
|---|---|
| IPO Date | December 23, 2024 to December 26, 2024 |
| Listing Date | December 31, 2024 (Tentative) |
| Face Value | ₹5 per share |
| Price Band | ₹745 to ₹785 per share |
| Lot Size | 19 Shares |
| Total Issue Size | 63,69,424 shares (aggregating up to ₹500.00 Cr) |
| Fresh Issue | 31,84,712 shares (aggregating up to ₹250.00 Cr) |
| Offer for Sale | 31,84,712 shares (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,76,72,170 shares |
| Share Holding Post Issue | 5,08,56,882 shares |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
| Minimum Investment (Retail) | ₹14,915 |
| Allotment Date | December 27, 2024 (Tentative) |
| Expected Listing Date | December 31, 2024 (Tentative) |
| Total Raised Amount | ₹500.00 Crores |
| Revenue for FY 2024 | ₹213.79 Crores |
| Profit for FY 2024 | ₹58.13 Crores |
| IPO Subscription Period | 4 Days (Dec 23 - Dec 26, 2024) |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click here |
Unimech Aerospace IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Monday, December 23, 2024 |
| IPO Close Date | Thursday, December 26, 2024 |
| Basis of Allotment | Friday, December 27, 2024 |
| Initiation of Refunds | Monday, December 30, 2024 |
| Credit of Shares to Demat | Monday, December 30, 2024 |
| Listing Date | Tuesday, December 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2024 |
Unimech Aerospace IPO Lot Size
Investors can bid for a minimum of 19 shares and in multiples thereof. Below is the table that outlines the minimum and maximum investment by retail investors and HNI (High Net-Worth Individuals) in terms of shares and amounts:
| 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 IPO Promoter Holding
The promoters of Unimech Aerospace are Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman, and Preetham SV. As of the pre-issue period, the promoter holding stands at 91.83%.
Unimech Aerospace IPO Company Financial Report
Unimech Aerospace has shown significant growth in its financial performance over the past few years. In 2024, the company reported revenue of ₹213.79 crores, a substantial increase from ₹94.93 crores in 2023. The profit after tax also saw a remarkable rise, reaching ₹58.13 crores in 2024 compared to ₹22.81 crores in 2023. Below is the financial summary for the company over the past three years:
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 2022 | ₹37.08 | ₹33.36 | ₹3.39 | ₹56.88 |
| 2023 | ₹94.93 | ₹65.57 | ₹22.81 | ₹93.34 |
| 2024 | ₹213.79 | ₹137.29 | ₹58.13 | ₹175.63 |
Unimech Aerospace IPO Valuation – FY2024
Unimech Aerospace has demonstrated strong financial metrics for FY2024, reflecting its robust performance. Key valuation indicators such as Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) are important to assess the company’s potential. Below are the key performance indicators (KPIs) for Unimech Aerospace.
| KPI | Values |
|---|---|
| ROE (Return on Equity) | 53.53% |
| ROCE (Return on Capital Employed) | 54.36% |
| EBITDA Margin | 37.93% |
| PAT Margin | 27.85% |
| Debt to Equity Ratio | 0.27 |
| Earnings Per Share (EPS) | ₹13.23 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 53.53% |
| Net Asset Value (NAV) | ₹24.71 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| MTAR Technologies Limited | 18.24 | 93.97 | 8.30 | 219.88 | 580.75 Cr. |
| Azad Engineering Limited | 11.2 | 145.37 | 9.08 | 109.12 | 340.77 Cr. |
| Paras Defence & Space Technologies Limited | 8.22 | 146.89 | 6.77 | 113.66 | 253.50 Cr. |
| Dynamatic Technologies Limited | 179.2 | 37.34 | 18.24 | 983.21 | 1,429.33 Cr. |
| Data Patterns (India) Limited | 32.45 | 89.98 | 13.72 | 236.53 | 519.80 Cr. |
Objects of the Issue
- Funding capital expenditure for machinery and equipment purchase.
- Meeting working capital requirements.
- Investment in the Material Subsidiary for machinery, working capital, and repayment of borrowings.
- General corporate purposes.
Unimech Aerospace IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: uaml.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Anand Rathi Securities Limited
- Equirus Capital Private Limited
Company Address
Unimech Aerospace and Manufacturing Limited
538, 539, 542 & 543,
7 th Main of Peenya IV Phase Industrial Area,
Yeshwanthpur Hobli, Bangalore North Taluk – 560058
Phone: 080-4204 6782
Email: investorrelations@unimechaerospace.com
Website: https://unimechaerospace.com/
Unimech Aerospace IPO FAQs
When does the Unimech Aerospace IPO open and close?
The IPO opens on December 23, 2024, and closes on December 26, 2024.
What is the size of the Unimech Aerospace IPO?
The IPO size is ₹500 crores, comprising a fresh issue and offer for sale.
What is the price band for the Unimech Aerospace IPO?
The price band is ₹745 to ₹785 per share.
What is the minimum lot size for the IPO?
The minimum lot size is 19 shares, requiring an investment of ₹14,915 for retail investors.
When will Unimech Aerospace be listed?
The shares are expected to be listed on BSE and NSE on December 31, 2024.
What are the objectives of the IPO?
The funds will be used for capital expenditure, working capital, investment in the Material Subsidiary, and general corporate purposes.