Unimech Aerospace IPO GMP: Date, Details, & More

India’s aerospace manufacturing sector continues to evolve. Unitech Aerospace and Manufacturing Limited is preparing for its next phase of growth through a strategic capital-raising initiative through their upcoming IPO. The ₹ 500.00 crore Unimech Aerospace IPO is a book-built offering. This offering consists of both a new issuance of 0.32 crore shares worth Rs 250.00 crores and a selling offer of 0.32 crore shares worth Rs 250.00 crores. 

The subscription period for Unimech Aerospace’s initial public offering (IPO) begins on December 23, 2024, and ends on December 26, 2024. On Friday, December 27, 2024, the allocation for the Unimech Aerospace IPO is anticipated to be finalized. The tentative listing date for Unimech Aerospace’s IPO is set for Tuesday, December 31, 2024, and it will be listed on the BSE and NSE.

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Unimech Aerospace IPO Details

IPO Date	December 23, 2024 to December 26, 2024
Listing Date	Tuesday, December 31, 2024
Face Value	₹5 per share
Price Band	₹745 to ₹785 per share
Lot Size	19 Shares
Total Issue Size	63,69,424 shares (aggregating up to ₹500.00 Cr)
Fresh Issue	31,84,712 shares (aggregating up to ₹ 250.00 Cr)
Offer for Sale	31,84,712 shares of ₹5 (aggregating up to ₹250.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share Holding Pre Issue	4,76,72,170 shares
Share Holding Post Issue	5,08,56,882 shares

For more information, refer to the Unimech Aerospace IPO RHP.

Unimech Aerospace Financials (in ₹ Crore) 

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	509.27	175.63	93.34	56.88
Revenue	127.58	213.79	94.93	37.08
Profit After Tax	38.68	58.13	22.81	3.39
Net Worth	390.1	108.6	48.85	27.66
Reserves and Surplus	113.71	86.59	47.8	26.62
Total Borrowing	74.71	28.86	22.26	17.12

Unimech Aerospace IPO GMP

Unimech Aerospace and Manufacturing revealed the price band for its IPO, which is scheduled to go live on Monday, December 23, at ₹745 to 785 per share.

On Thursday, December 19, after the price band was announced, the grey market premium (GMP) for the public offering was ₹405 per share. The Unimech Aerospace IPO’s GMP increased from ₹0 or nil to ₹405 since then.

The shares are anticipated to list for ₹1,190 a share, a 52 percent premium, at the top price band for the public offering of ₹785 per share.

Source: Livemint

Unimech Aerospace IPO Objectives

The organisation plans to strategically allocate the net proceeds from its upcoming fresh issue to support various growth initiatives. 

These funds will be directed towards expanding operational capacity through new machinery acquisitions, strengthening the company’s working capital position, and providing crucial financial support to their material subsidiary. 

The subsidiary-focused investments aim to enhance its equipment infrastructure, address working capital needs, and optimise its debt structure through strategic loan repayments. 

Additionally, the company is reserving a portion of the proceeds for general corporate requirements. It’s important to note that the company won’t benefit from the proceeds generated through the offer for sale by existing shareholders. These funds will be excluded from the net proceeds and directed to the selling shareholders instead of the company’s treasury.

Also read: What is Share Valuation? Definition, Methods, Example

About Unimech Aerospace and Manufacturing Limited

Established in 2016, Unitech Aerospace and Manufacturing Limited has grown into a leading manufacturer in the aerospace industry. This Bangalore-based enterprise focuses on developing intricate tooling solutions and precision engineering components, serving multiple sectors including aerospace, defence, energy, and semiconductor industries. 

Their expertise spans from complex mechanical assemblies to sophisticated electro-mechanical systems, offering customised manufacturing solutions through both specification-based and print-based approaches.

The company’s growth is evident in its production metrics, having delivered an extensive range of over 3,000 distinct products across various categories between 2022 and 2024. Their product range encompasses critical items such as engine balancing systems, alignment fixtures, and assembly platforms for airframes. 

The company’s success can be attributed to several key factors: their advanced manufacturing infrastructure, digital integration across operations, established market position in a specialised sector, strong export orientation, reliable supplier network, and a seasoned management team with proven expertise in operational excellence.

Apply for the Unimech Aerospace IPO here.

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