Bookbuilding IPO | ₹500 Cr | Listed at BSE, NSE | Mon, Dec 23, 2024 - Thu, Dec 26, 2024
Unimech Aerospace IPO is a book build issue of ₹500.00 crores. The issue is a combination of fresh issue of 0.32 crore shares aggregating to ₹250.00 crores and offer for sale of 0.32 crore shares aggregating to ₹250.00 crores.
Unimech Aerospace IPO bidding started from Dec 23, 2024 and ended on Dec 26, 2024. The allotment for Unimech Aerospace IPO was finalized on Dec 27, 2024. The shares got listed on BSE, NSE on Dec 31, 2024.
Unimech Aerospace IPO price band is set at ₹785 per share. The lot size for an application is 19. The minimum amount of investment required by an retail is ₹14,915 (19 shares) (based on upper price). The lot size investment for sNII is 14 lots (266 shares), amounting to ₹2,08,810, and for bNII, it is 68 lots (1,292 shares), amounting to ₹10,14,220.
The issue includes a reservation of up to 19,108 shares for employees offered at a discount of ₹0.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Unimech Aerospace IPO RHP for detailed Information.
IPO Open
Mon, Dec 23, 2024
IPO Close
Thu, Dec 26, 2024
Issue Price
₹785 per share
Market Cap (Pre-IPO)
₹3,992.27 Cr
| IPO Date | 23 to 26 Dec, 2024 |
| Listed on | Tue, Dec 31, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹745 to ₹785 |
| Issue Price | ₹785 per share |
| Lot Size | 19 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 63,69,426 shares (agg. up to ₹500 Cr) |
| Fresh Issue | 31,84,713 shares (agg. up to ₹250 Cr) |
| Offer for Sale | 31,84,713 shares of ₹5 (agg. up to ₹250 Cr) |
| Share Holding Pre Issue | 4,76,72,170 shares |
| Share Holding Post Issue | 5,08,56,882 shares |
| BSE Script Code / NSE Symbol | 544322 / UNIMECH |
| ISIN | INE0U3I01011 |
Unimech Aerospace IPO offers total 63,69,426 shares. Out of which 31,75,158 (49.85%) allocated to QIB, 12,70,064 (19.94%) allocated to QIB (Ex- Anchor), 9,52,548 (14.96%) allocated to NII 22,22,612 (34.90%) allocated to RII and 19,05,094 (29.91%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 31,75,158 (49.85%) | NA |
| − Anchor Investor Shares Offered | 19,05,094 (29.91%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 12,70,064 (19.94%) | NA |
| NII (HNI) Shares Offered | 9,52,548 (14.96%) | NA |
| − bNII > ₹10L | 6,35,032 (9.97%) | 2,387 |
| − sNII < ₹10L | 3,17,516 (4.99%) | 1,193 |
| Retail Shares Offered | 22,22,612 (34.90%) | 1,16,979 |
| Employee Shares Offered | 19,108 (0.30%) | NA |
| Total Shares Offered | 63,69,426 (100.00%) |
Investors can bid for a minimum of 19 shares and in multiples thereof.
| 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 raises ₹149.55 crore from anchor investors. Unimech Aerospace IPO Anchor bid date is December 20, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Dec 20, 2024 |
| Shares Offered | 19,05,094 |
| Anchor Portion (₹ Cr.) | 149.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jan 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Mar 26, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2016, Unitech Aerospace and Manufacturing Limited is engaging in the manufacturing of complex tools like mechanical assemblies, electro-mechanical systems, and components for aeroengine and airframe production.
The company is an engineering solutions provider specializing in the manufacturing of complex products with "build to print" and "build to specifications" offerings. This involves machining, fabrication, assembly, testing, and creating new products based on the specific requirements of clients in the aerospace, defense, energy, and semiconductor industries.
Between Year 2022 and Year 2024, They have manufactured 2,356 SKUs in tooling and precision complex sub-assemblies category and 624 SKUs in the precision machined parts category, supplying to more than 26 customers across 7 countries.
As of March 31, 2024, the company operates two manufacturing facilities in Bangalore, covering a total area of over 1,20,000 sq ft. Unit I, located in Peenya, spans over 30,000 sq ft, while Unit II, situated in a Special Economic Zone near Bangalore International Airport, covers over 90,000 sq ft. These facilities are registered with ISO.
As of March 31, 2024, The Company had 384 employees.
Products:
Competitive Strenghths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 509.27 | 175.63 | 93.34 | 56.88 |
| Total Income | 127.58 | 213.79 | 94.93 | 37.08 |
| Profit After Tax | 38.68 | 58.13 | 22.81 | 3.39 |
| NET Worth | 390.10 | 108.60 | 48.85 | 27.66 |
| Reserves and Surplus | 113.71 | 86.59 | 47.80 | 26.62 |
| Total Borrowing | 74.71 | 28.86 | 22.26 | 17.12 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure for expansion through purchase of machineries and equipment by the Company | 36.37 |
| 2 | Funding working capital requirements of the Company | 25.29 |
| 3 | Investment in the Material Subsidiary for: Funding of capital expenditure for expansion through purchase of machineries and equipment | 43.89 |
| 4 | Funding working capital requirements | 44.72 |
| 5 | Repayment / prepayment, in full or part, certain borrowings | 40.00 |
| 6 | General corporate purposes | 40.65 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 53.53% |
| ROCE | 54.36% |
| Debt/Equity | 0.32 |
| RoNW | 53.53% |
| PAT Margin | 27.85% |
| Price to Book Value | 31.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.19 | 15.21 |
| P/E (x) | 64.37 | 51.61 |
| Promoter Holding | 91.83% | 79.82% |
| Market Cap | ₹3,992.27 Cr. |
The Unimech Aerospace IPO is subscribed 184.34 times on December 26, 2024 6:19:08 PM (Day 3). The public issue subscribed 59.19 times in the retail category, 334.68 times in the QIB category, and 277.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 334.68 | 12,70,065 | 42,50,68,114 |
| NII | 277.55 | 9,52,548 | 26,43,78,179 |
| bNII (bids above ₹10L) | 302.3 | 6,35,032 | 19,19,68,609 |
| sNII (bids below ₹10L) | 228.05 | 3,17,516 | 7,24,09,570 |
| Retail | 59.19 | 22,22,611 | 13,15,66,697 |
| Employee | 100.95 | 19,108 | 19,28,937 |
| Total | 184.34 | 44,64,332 | 82,29,41,927 |
Total Application : 76,17,211
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees and commissions (including underwriting commission, brokerage and selling commission) | 16.34 |
| 2 | Brokerage and Selling commission/processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Banks for Bids made by RIBs and Brokerage and selling commission and bidding/uploading charges for Members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs, including fees payable to the Registrar to the Offer | 8.91 |
| 3 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 1.87 |
| 4 | Printing and stationery expenses | 0.69 |
| 5 | Advertising and marketing expenses | 2.39 |
| 6 | Fees payable to Statutory Auditors | 1.71 |
| 7 | Fees payable to legal counsels | 2.56 |
| 8 | Fees payable to other intermediaries, such as, ICA, practising company secretary, third-party research agency, etc. | 0.68 |
| 9 | Miscellaneous | 2.99 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹785.00 | ₹785.00 |
| Open | ₹1,491.00 | ₹1,460.00 |
| Low | ₹1,341.95 | ₹1,327.75 |
| High | ₹1,491.00 | ₹1,485.00 |
| Last Trade | ₹1,373.20 | ₹1,376.25 |
Lead Manager Reports
Unimech Aerospace IPO is a main-board IPO of 63,69,426 equity shares of the face value of ₹5 aggregating up to ₹500 Crores. The issue is priced at ₹785 per share. The minimum order quantity is 19.
The IPO opens on Mon, Dec 23, 2024, and closes on Thu, Dec 26, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Unimech Aerospace IPO using UPI as a payment gateway. Zerodha customers can apply in Unimech Aerospace IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Unimech Aerospace IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Unimech Aerospace IPO opens on Mon, Dec 23, 2024 and closes on Thu, Dec 26, 2024.
Unimech Aerospace IPO lot size is 19, and the minimum amount required for application is ₹14,915.
You can apply in Unimech Aerospace IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Unimech Aerospace IPO will be done on Friday, December 27, 2024, and the allotted shares will be credited to your demat account by Mon, Dec 30, 2024. Check the Unimech Aerospace IPO allotment status.
The Unimech Aerospace IPO listing date is on Tue, Dec 31, 2024.
