Unimech Aerospace and Manufacturing IPO opens for subscription: Price band, lot size, objectives, financials and key details

Unimech Aerospace and Manufacturing's ₹500 crore initial public offering went live for public subscription on Monday, December 23. With a price band of ₹745 to ₹785 per share, the issue will close on Thursday, December 26.

The company is looking to raise ₹500 crore via a fresh issuance of ₹250 crore and an offer-for-sale (OFS) of ₹250 crore.

Unimech Aerospace IPO: Objectives

The net proceeds from the fresh issuance of shares will be used for business expansion by purchasing equipment and machinery, meeting working capital requirements, supporting investments in subsidiaries, and for general corporate purposes.

Unimech Aerospace and Manufacturing IPO: Lot size

Investors can apply for at least one lot worth ₹14,915, consisting of 19 shares.

Half of the net offer has been reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Unimech Aerospace IPO allotment and listing date

The allotment of shares is likely to be finalised on Friday, December 27. Shares will be credited to the Demat account of allottees on December 30. Refunds for unsuccessful investors will be processed on the same day. Unimech Aerospace shares will be listed on the NSE and the BSE on December 31.

Equirus Capital Pvt Ltd and Anand Rathi Securities Ltd are the book-running lead managers for the issue, while Kfin Technologies Limited is the registrar.

About the company

Unimech Aerospace and Manufacturing manufactures and supplies key components used in the energy, defence, semiconductor, and aerospace industries. It makes critical parts like ground support equipment, aero tooling, and electro-mechanical sub-assemblies.

The firm offers 'built to print' capabilities, wherein it produces products based on customers' designs and ‘built to specifications’ capabilities.

Unimech Aerospace IPO: Financials