Unimech Aerospace IPO: Unichem Aerospace and Manufacturing has raised around Rs 150 crore from anchor investors even before the opening of its Initial Public Offering (IPO). A total of 18 investors participated in the anchor book of the company, to whom the company has allotted 19 lakh shares at an average price of Rs 785 per share. Out of the 18 investors to whom the company has allotted shares, 7 are mutual funds. These mutual funds have invested in this IPO through their 10 schemes. These include ICICI Prudential, Axis Mutual Fund, Motilal Oswal, Edelweiss Mutual Fund and Tata Mutual Fund. Apart from these, Goldman Sachs invested Rs 15 crore in the company’s Anchorbur. Many other foreign investors including HSBC, Natixis, Copthall Mauritius and Clarus Capital Group AG have also participated in it.
The initial public offer (IPO) of Unichem Aerospace and Manufacturing will open for bidding on December 23 and close on December 26. The company has kept the price band of Rs 745 to Rs 785 per share for its IPO. The company is planning to raise around Rs 500 crore from its IPO.
In this, Rs 250 crore will be raised by issuing new shares. The remaining shares worth Rs 250 crore will be put up for sale by the existing promoters and shareholders of the company. The lot size of the IPO is 19 shares. In this way, retail investors will have to invest a minimum of Rs 14,915 to participate in this IPO. Whereas for Non-Institutional Investors (NII) the minimum lot size is 14 (266 shares) and they will have to invest a minimum of Rs 2,08,810.
Unichem Aerospace said it will use the funds raised through the IPO to purchase machinery and equipment, fund working capital needs and repay some of its debt.
Started in 2016, it is in the business of manufacturing complex equipment such as mechanical assemblies, electro-mechanical systems for aeroengine and airframe production. If we talk about the financial health of the company, its net profit in the financial year 2024 had increased by 155 percent to Rs 58.13 crore. Its revenue during this period increased by 125 percent to Rs 213.79 crore.
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