Unimech Aerospace IPO is set to launch its initial public offering (IPO) on December 23, 2024. The company, a global leader in high-precision engineering solutions, specializes in manufacturing complex products for the aerospace, energy, and semiconductor industries.
The IPO consists of a fresh issue of shares worth ₹250 crore and an offer for sale (OFS) of ₹250 crore, totaling ₹500 crore. The public issue will open for subscription on December 23 and close on December 26, with anchor investor bidding scheduled for December 20.
Unimech Aerospace IPO Details
| IPO Date | December 23, 2024 to December 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | ₹500.00 Cr |
| Fresh Issue | ₹ 250.00 Cr |
| Offer for Sale | ₹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 | 4,76,72,170 shares |
Unimech Aerospace IPO Timeline
| IPO Open Date | Monday, December 23, 2024 |
| IPO Close Date | Thursday, December 26, 2024 |
| Basis of Allotment | Friday, December 27, 2024 |
| Initiation of Refunds | Monday, December 30, 2024 |
| Credit of Shares to Demat | Monday, December 30, 2024 |
| Listing Date | Tuesday, December 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2024 |
About Unimech Aerospace and Manufacturing Limited
Unimech Aerospace, founded in 2016, has established itself as a crucial link in the global supply chain for aerospace, semiconductor, and energy original equipment manufacturers (OEMs). The company’s expertise lies in manufacturing aero tooling, ground support equipment, electro-mechanical sub-assemblies, and other precision-engineered components. Over 90% of its sales coming from exports, Unimech has gained the trust of major clients including Boeing, Collins Aerospace, and Mitsubishi Power.
- Business Model and Core Products/Services
Unimech Aerospace and Manufacturing Limited specializes in manufacturing critical components for the aerospace, defense, energy, and semiconductor industries. The company operates on a “build to print” model where it manufactures products based on client designs and also offers design assistance through its “build to specifications” capabilities.
- Industry Position and Competitive Advantages
The company is well-positioned in the aerospace sector, which is experiencing robust growth driven by increasing air travel demand and modernization initiatives. Unimech’s focus on high precision manufacturing gives it a competitive edge in providing critical tooling and equipment for major OEMs globally.
- Management Team’s Background and Experience
The management team comprises seasoned professionals with extensive experience in engineering and manufacturing. Key figures include Anil Kumar P (Chairman), Ramakrishna Kamojhala (CFO), and others who have collectively led the company through significant growth phases.
- Subsidiary Company Details
Unimech operates through subsidiaries such as Innomech Aerospace Toolings Private Limited, which contributes significantly to its revenue stream by focusing on specialized tooling solutions.
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Financial Information of Unimech Aerospace Company
| Particulars | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| Total Non-Current Assets | 1,992.72 | 619.75 | 305.74 | 315.94 |
| Total Current Assets | 3,099.94 | 1,136.59 | 627.67 | 252.81 |
| Total Assets | 5,092.66 | 1,756.34 | 933.41 | 568.75 |
| EQUITY AND LIABILITIES | ||||
| Total Equity | 3,900.98 | 1,085.95 | 488.45 | 276.58 |
| Total Non-Current Liabilities | 416.00 | 125.18 | 117.00 | 93.41 |
| Total Current Liabilities | 775.68 | 545.21 | 327.96 | 198.76 |
| Total Equity and Liabilities | 5,092.66 | 1,756.34 | 933.41 | 568.75 |
(All figures in ₹ million)
This table summarizes the key components of Unimech Aerospace’s financial position, showing significant growth in assets and equity from March 2022 to September 2024. The company’s total assets increased from ₹568.75 million in March 2022 to ₹5,092.66 million in September 2024, with a corresponding increase in equity and liabilities.
Consolidated Statement of Profit and Loss
| Particulars | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Revenue from operations | 1,206.56 | 2,087.75 | 941.66 | 363.49 |
| Total income | 1,275.77 | 2,137.86 | 949.30 | 370.81 |
| Total expenses | 777.68 | 1,372.86 | 655.65 | 333.63 |
| Profit before tax | 498.09 | 765.00 | 293.65 | 37.18 |
| Total tax expenses | 111.29 | 183.66 | 65.52 | 3.26 |
| Profit after tax | 386.80 | 581.34 | 228.13 | 33.92 |
| Total comprehensive income | 385.20 | 580.47 | 211.87 | 33.93 |
| Basic EPS (₹) | 8.49* | 13.23 | 5.19 | 0.77 |
| Diluted EPS (₹) | 8.49* | 13.23 | 5.19 | 0.77 |
(All figures in ₹ million, except EPS)
*For the six-month period ended September 30, 2024
This table highlights Unimech Aerospace’s financial performance, showing significant growth in revenue and profitability from FY 2022 to FY 2024. The company’s revenue from operations increased from ₹363.49 million in FY 2022 to ₹2,087.75 million in FY 2024, with a corresponding rise in profit after tax from ₹33.92 million to ₹581.34 million. The first half of FY 2025 (up to September 30, 2024) shows continued strong performance with revenue of ₹1,206.56 million and profit after tax of ₹386.80 million.
Consolidated Statement of Cash Flow in table format:
| Particulars | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Net cash from operating activities | 500.26 | 236.33 | 13.54 | 15.28 |
| Net cash used in investing activities | (3,359.70) | (239.22) | (59.19) | 8.15 |
| Net cash from financing activities | 2,863.07 | 55.80 | 29.36 | (1.68) |
| Net increase/(decrease) in cash | 3.63 | 52.91 | (16.29) | 21.75 |
| Opening cash balance | 71.78 | 18.75 | 34.49 | 13.03 |
| Effects of exchange rate changes | 0.07 | 0.12 | 0.55 | (0.29) |
| Closing cash balance | 75.48 | 71.78 | 18.75 | 34.49 |
(All figures in ₹ million)
Key observations:
- Operating activities show consistent positive cash flow, with a significant increase in the six months ending September 30, 2024.
- Investing activities show a large outflow in the latest period, primarily due to substantial investments in bonds, commercial paper, and mutual funds (₹3,003.52 million).
- Financing activities reveal a major cash inflow in the latest period, mainly from the issuance of equity shares (₹2,500 million).
- Despite large investments, the company maintained a positive cash balance, increasing from ₹34.49 million in March 2022 to ₹75.48 million in September 2024.
This cash flow statement indicates that Unimech Aerospace has been actively investing in growth while maintaining a stable cash position, supported by strong operating cash flows and recent equity financing.
Financial Ratios
| Ratio | Value |
|---|---|
| Earnings Per Share (EPS) | ₹8.49 |
| Price to Earnings Ratio (P/E) | [•] |
Objectives of the Issues
The funds raised through this IPO will be utilized for:
- Capital expenditure for expansion.
- Working capital needs.
- Investments in subsidiaries.
- General corporate purposes.
Promoters Information
The promoters include Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman, and Preetham S V. They collectively hold a significant portion of the company’s equity.
| Unimech Aerospace and Manufacturing Limited Contact Details | Unimech Aerospace IPO Registrar |
| Unimech Aerospace and Manufacturing Limited 538, 539, 542 & 543, 7 th Main of Peenya IV Phase Industrial Area, Yeshwanthpur Hobli, Bangalore North Taluk – 560058 Phone: 080-4204 6782 Email: investorrelations@unimechaerospace.com Website: https://unimechaerospace.com/ | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: uaml.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
