The Bengaluru-based company is a key link in the global supply chain for global aerospace, defence, semi-conductor and energy OEMs
MUMBAI, Dev 18 (The CONNECT) – Unimech Aerospace and Manufacturing Limited – maker of critical components for aerospace, defence, energy, and semiconductor industries – will open its Rs 500-crore IPO on Monday, December 23 at a price band of ₹745/- to ₹785- apiece.
Investors can bid for a minimum of 19 Equity Shares and in multiples of 19 Equity Shares thereafter for the issue.
The startup has been founded by Anil Kumar P, Chairman & Managing Director, Ramakrishna Kamojhala, Chief Financial Officer, Mani P, Whole-Time Director (Operations), Rajanikanth Balaraman, Whole-Time Director (IT, Business Development & Growth) and Preetham SV, Whole-time Director (People & Key Account Management Functions). (Pictured)
The IPO, a mix of fresh issue of ₹ 250 crores and an offer of sale of ₹ 250 crore, will close on December 26.
Incorporated in the year 2016, Unimech Aerospace and Manufacturing Limited is 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.
The company possess “build to print” capabilities and “build to specifications” capabilities and supply high precision and critical components to major OEMs and their licensees around the globe.
Unimech’s product range includes engine lifting and balancing beams, assembly, disassembly and calibration tooling, ground support equipment, airframe assembly platforms, engine transportation stands, mechanical and electro-mechanical turnkey systems, as well as precision components.
Based in Bengaluru, the Company is a key link in the global supply chain for global aerospace, defence, semi-conductor and energy OEMs and their licensees for the supply of critical parts like aero tooling, ground support equipment, electro-mechanical sub-assemblies and other precision engineered components. Its key clients include some of the world’s top airframe and aero-engine OEMs and their approved licensees.
Anand Rathi Advisors Limited, and Equirus Capital Private Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net offer shall be available for allocation to non-institutional bidders, and not less than 35% of the net offer shall be available for allocation to retail individual investors. The offer also includes a reservation for a subscription by eligible employees bidding in the employee reservation portion.
