Unimech’s product range includes engine lifting and balancing beams, assembly, disassembly and calibration tooling, ground support equipment and airframe assembly platforms.
MUMBAI, Dec 26 (The CONNECT) – The Initial Public Offering of Unimech Aerospace and Manufacturing Limited was subscribed 174.94 times today, the final day of bidding.
Unimech – for Universal Mechanical – Aerospace has set the price band at ₹745-785 and it received bids of 82,29,08,658 shares against the offered 47,04,028 equity shares, , according to the data available on the stock exchanges.
Retail Portion and Non-Institutional Investors Portion were subscribed 56.17 times and 263.40 times respectively, whereas Qualified Institutional Buyer Portion were subscribed 317.63 times. Employee Portion was subscribed 95.78 times.
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.
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.
The five-men team of cofounders– Anil Kumar P (technology), Ramakrishna Kamojhala (finance), Rajanikanth Balaraman (software), Mani P (operations) and Preetham S V (leadership) –were all smiles on the grand success of the issue.
