Unimech Aerospace Secures ₹150 Crore from Anchor Investors Ahead of IPO Opening on December 23

A total of 18 anchor investors participated in the pre-IPO funding round, with the company allotting 19 lakh shares at an average price of ₹785 per share.

Unimech Aerospace and Manufacturing has secured nearly ₹150 crore from anchor investors ahead of its upcoming Initial Public Offering (IPO). The pre-IPO funding round saw participation from 18 anchor investors, with the company allotting 19 lakh shares at an average price of ₹785 per share.

Out of these investors, seven mutual funds participated through 10 schemes. Some of the prominent mutual fund houses that participated in the anchor book include ICICI Prudential, Axis Mutual Fund, Motilal Oswal, Edelweiss Mutual Fund, and Tata Mutual Fund.

Global investment firm Goldman Sachs also participated in the anchor round with an investment of ₹15 crore. Other foreign investors that participated in the funding round include HSBC, Natixis, Copthall Mauritius, and Clarus Capital Group AG.

IPO Details

The IPO of Unimech Aerospace and Manufacturing will be open for subscription from December 23 to December 26. The price band for the issue has been set at ₹745–₹785 per share, and the company is aiming to raise around ₹500 crore.

The lot size for the IPO is 19 shares, which will require a minimum investment of ₹14,915 for retail investors. For non-institutional investors (NII), the minimum lot size is 266 shares, amounting to ₹2,08,810.

The proceeds from the IPO will be used for purchasing machinery and equipment, meeting working capital needs, and repaying certain debts.

Company Overview

Founded in 2016, Unimech Aerospace specializes in manufacturing complex equipment such as mechanical assemblies and electro-mechanical systems for aero-engines and airframes. The company has positioned itself as a key player in the aerospace manufacturing sector.

Financial Performance

Unimech Aerospace has demonstrated strong financial growth in recent years. In FY24, the company's net profit surged by 155% to ₹58.13 crore, while its revenue jumped by 125% to ₹213.79 crore.

Backed by strong financials, significant participation from both domestic and global anchor investors, and a focus on high-growth aerospace segments, Unimech Aerospace's IPO is expected to garner strong interest from retail and institutional investors.