Unimech Aerospace and Manufacturing Limited (MAINBOARD)

Dec 23, 2024 - Dec 26, 2024

Premium	₹625
Price	₹745 - ₹785
Lot size	19
Allotment	Dec 27, 2024
Listing	Dec 31, 2024

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	19	14915	116980
sHNI	14	266	208810	1194
bHNI	68	1292	1014220	2387

Last updated on 26-Dec-2024 19:04:03

Category	Offered	Applied	Times
QIBs	1270065	425068114	334.68
HNIs	952548	264755538	277.94
HNIs 10+	635032	191968609	302.3
HNIs 2+	317516	72786929	229.24
Retail	2222611	132880642	59.79
Employees	19108	1969274	103.06
Total	4464332	824673568	184.72

Application-Wise Breakup (Approx. no. of Apps)
Category	Reserved	Applied	Times
HNIs (10L+)	2387	139934	58.62
HNIs (2-10L)	1194	254168	212.87
Retail	116980	5205139	44.5
Employee	-	72015	-

Subscription Demand (in ₹ crore)
Category	Offered	Demand	Times
QIBs	99.7	33367.85	334.68
FIIs	-	7081.64	-
DIIs	-	12434.88	-
Mutual funds	-	1637.76	-
Others	-	12213.56	-
HNIs	74.78	20783.31	277.94
HNIs 10+	49.85	15069.54	302.3
HNIs 2+	24.93	5713.77	229.24
Retail	174.47	10431.13	59.79
Employees	1.5	154.59	103.06
Total	350.45	64736.88	184.72

QIB Interest Cost per share (7 Days)
@7% ₹352.7	@8% ₹403.1	@9% ₹453.5	@10% ₹503.9	@11% ₹554.2	@12% ₹604.6

About

IPO Details

Issue Size	Up to [63,69,424]equity shares aggregating up to ₹500 crores
Fresh Issue	Up to [31,84,712]equity shares aggregating up to ₹250 crores
Offer For Sale	Up to [31,84,712]equity shares aggregating up to ₹250 crores
Issue Type	Book Built Issue IPO
Listing At	NSE,BSE
Share holding pre issue	4,76,72,170 shares
Share holding post issue	5,08,56,882 shares

IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Offer
Retail Shares Offered	Not less than 35% of the Offer
NII (HNI) Shares Offered	Not less than 15% of the Net Offer

Key Performance Indicators

KPI	Sep-24	Mar-24	Mar-23
ROE	9.92%	53.53%	46.70%
ROCE	9.69%	54.36%	42.87%
RONW	9.92%	53.53%	46.70%
EPS (basic)	8.49	13.23	5.19
P/E Pre IPO		64.37
P/E Post IPO	51.61

Financial Details (Restated) In Crores

Period Ended	Sep-24	Mar-24	Mar-23	Mar-22
Assets	509	176	93	57
Revenue	128	214	95	37
Profit After Tax	39	58	23	3
Net Worth	390	109	49	28
Reserves and Surplus	114	87	48	27
Total Borrowing	75	29	22	17

About Company

Incorporated in 2016, Unitech Aerospace and Manufacturing Limited specializes in manufacturing complex tools, mechanical assemblies, electro-mechanical systems, and components for aeroengine and airframe production. The company provides engineering solutions with "build to print" and "build to specifications" offerings, catering to aerospace, defense, energy, and semiconductor industries. Between 2022 and 2024, it produced 2,356 SKUs in tooling and precision sub-assemblies and 624 SKUs in precision machined parts, serving over 26 customers across 7 countries. Operating from two ISO-certified facilities in Bangalore, covering 1,20,000 sq. ft., the company employed 384 personnel as of March 31, 2024.

Lead Manager(s)

Anand Rathi Securities Limited
Equirus Capital Private Limited

Strength

Advanced Precision Engineering: Expertise in delivering high-precision engineering solutions for complex aerospace, defense, energy, and semiconductor requirements.

Digital-First Operations: Robust infrastructure leveraging digital manufacturing technologies for seamless operational integration and efficiency.

Established Market Position: Unique capabilities in a high-barrier sector, supported by ISO-certified facilities and a proven track record in serving global clients.

Weakness

High Sector Dependence: Over 94% of revenue comes from the aerospace sector, making the company highly vulnerable to adverse changes in this industry.

Customer Concentration: More than 95% of revenue is derived from the top 10 customers, exposing the company to significant risk if key customers reduce purchases or terminate relationships.

Statutory Payment Delays: Past delays in statutory dues payment could result in penalties, potentially impacting the company’s financial condition and cash flows if such issues persist.

Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: uaml.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/