Unimech Aerospace IPO booked 175 times on Day 3; share allotment tomorrow; here’s how to check status online

The initial public offering (IPO) of Unimech Aerospace and Manufacturing Ltd. saw robust demand on Thursday, the last day of bidding.

According to stock exchange data, the ₹500-crore Unimech Aerospace IPO, which opened for subscription on December 23, was booked 174.94 times at the end of bidding at 5 p.m. on December 26. The investors applied for more than 82.28 crore shares against 47.04 lakh shares on offer.

The Non-Institutional Investors’ (NIIs) segment received bids for more than 26.4 crore shares against 10.03 lakh shares on offer, leading to a subscription of 263.40 times in the category.

The retail portion of the mainboard issue was overbooked by 56.16 times. Bids were received for nearly 13.15 crore shares compared to 23.42 lakh shares reserved for the category.

The Qualified Institutional Buyers (QIBs) segment was overbought 317.63 times, with bids for over 42.5 crore shares against 13.38 lakh shares on offer. The employees’ quota was booked 95.78 times. The company's employees applied for over 19.16 lakh shares against the allocation of 20,134 shares.

After a robust response to the IPO, Unimech Aerospace and Manufacturing's IPO share allotment status is scheduled to be finalised on Friday, December 27. Investors waiting for the IPO share allotment status can check the details on the NSE and BSE websites.

• Visit the NSE IPO allotment status page by clicking here.
• Log in with your username and password. First-time investors should register on the NSE website to check the IPO allotment status.
• After logging in, select ‘Unimech Aerospace and Manufacturing Ltd’ as the issue name.
• Enter your PAN and application number to verify your details.
• Click on the ‘Submit’ button.

• Visit the IPO allotment status page on the official portal of the issue registrar at https://ipostatus.kfintech.com/.
• From the ‘Select IPO’ dropdown menu, choose ‘Unimech Aerospace and Manufacturing Ltd’.
• Select any of these— IPO application number, Demat account number or PAN.
• Enter details as per the selection.
• Complete the Captcha verification.
• Click on the ‘Submit’ button.

It’s important to note that the company name will appear on the website only after Unimech Aerospace finalises the share allocation.

Unimech Aerospace IPO key details

• The IPO was a book-building issue worth ₹500 crore.
• The mainboard issue comprised a fresh issuance of shares and an offer-for-sale (OFS) portion of 32 lakh shares each.
• Unimech Aerospace and Manufacturing IPO price band was fixed at ₹745 to ₹785 per share.
• For retail investors, the minimum lot size was 19 units, aggregating to an investment of ₹14,915.
• Successful bidders are scheduled to receive shares in their Demat accounts on December 30, while refunds will be processed for others the same day.
• The stock is scheduled to be listed on both the BSE and NSE on December 31.

What will the company do with IPO proceeds?

Unimech Aerospace and Manufacturing Ltd specialises in production and supply of critical parts for companies across aerospace, defence, energy and semiconductor industries. The company delivered over 2,999 SKUs in the tooling and precision complex sub-assemblies category and 760 SKUs in the precision machined parts category between FY22 and September 30, 2024.

Unimech Aerospace plans to utilise the net proceeds from the fresh issuance to fund capital expenditure for expansion through purchase of machinery and equipment. A portion of funds will also be used for investment in its material subsidiary for capital expenditure and working capital requirements. The company will also allocate funds for repayment/prepayment of some of its borrowings.

Unimech Aerospace IPO: Company financials

Between FY22 and FY24, the company's revenue from operations rose at a CAGR of 139.66%, while net profit rose 314.1% during the same period. Meanwhile, the global braking and transmission market is projected to grow at a 20.3% CAGR to reach $350.47 billion by 2028. The precision components market under the Aerospace & Defence sector is expected to grow at a CAGR of 10.8% to reach $189.67 billion. This upbeat industry trend offers a great opportunity for the company to secure new orders and expand its business.

Unimech Aerospace IPO: Promoters

Promoters of the company are Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman and Preetham SV. Promoters currently holds 91.83% shareholding in the company which will be diluted post IPO listing.