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TCS, HDFCBANK, SBI Liquid Fund (G)
Unimech Aerospace and Manufacturing Ltd.

UNIMECH

Equity

NSE,BSE

Min. Investment

7,45,000.00

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IPO Details

Bidding Dates

23 Dec 24 - 26 Dec 24

Price Range ₹

745 - 785

Total Equity

369.27Cr

Lot Size

19

Exchange Status

NSE,BSE

IPO Doc

Subscription Rate

Non-Institutional Investor

56.74×

Qualified Institutional Buyers

317.63×

Employees

97.81×

Retail Investors

56.74×

Total subscription Rate

175.31×

IPO Timeline

Offer start

23 Dec 2024

Offer end

26 Dec 2024

Allotment

27 Dec 2024

Refund initiation

30 Dec 2024

Demat transfer

30 Dec 2024

Listing

31 Dec 2024

About Company

Unitech Aerospace and Manufacturing Limited, established in 2016, specializes in the production of advanced tools and components for aeroengine and airframe manufacturing, as well as mechanical and electro-mechanical assemblies. The company provides tailored engineering solutions with "build to print" and "build to specifications" capabilities, offering machining, fabrication, assembly, testing, and custom product development for clients in the aerospace, defense, energy, and semiconductor industries. Between 2022 and 2024, Unitech manufactured 2,356 SKUs in tooling and precision complex sub-assemblies and 624 SKUs in precision machined parts, supplying to more than 26 customers across 7 countries. As of March 31, 2024, Unitech operates two ISO-certified manufacturing facilities in Bangalore, covering a total area of over 1,20,000 sq. ft. Unit I, located in Peenya, spans 30,000 sq. ft., while Unit II, situated in a Special Economic Zone near Bangalore International Airport, covers 90,000 sq. ft. The company employs 384 staff and offers a diverse product portfolio, including aero engine tooling (engine lifting beams, oil tube alignment fixtures), airframe tooling (lateral spar assemblies, drill jigs, assembly platforms), precision parts (missile components), and precision sub-systems (rocker arm components). With advanced manufacturing capabilities, a digital-first infrastructure, a strong export focus, a robust vendor ecosystem, and an experienced leadership team, Unitech has established itself as a leading player in a high-barrier-to-entry sector.

Year Founded

12-08-2016

Promotor Details

P Anil Kumar

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage91.8379.82
Share Capital4377660040591887

Offer to Public

47,04,028.00 Cr

Project Details

  • (iii) Repayment / prepayment, in full or part, certain borrowings - 400cr
  • Funding working capital requirements of our Company - 252.85cr
  • Funding of capital expenditure for expansion through purchase of machineries and equipment by our Co - 363.66cr
  • General corporate purposes - 406.54cr
  • (i) Funding of capital expenditure for expansion through purchase of machineries and equipment - 438.91cr
  • (ii) Funding working capital requirements - 447.15cr

Objectives

  • Funding of capital expenditure for expansion through purchase of machineries and equipment by our Company
  • Funding working capital requirements of our Company
  • Investment in our Material Subsidiary for:(i) purchase of machineries and equipment
  • (ii) funding its working capital requirements
  • and(iii) repayment / prepayment, in full or part, of certain borrowings availed by our Material Subsidiary
  • andGeneral corporate purposes.

Highlights

  • The company delivers high-precision engineering solutions, making it a key player in the aerospace and defense sector.
  • It has a global presence with customers in seven countries and relies on an export-driven operations model to reduce domestic demand dependency.
  • Operating in a niche industry with specialized capabilities, the company benefits from limited competition and strong barriers to entry.
  • It has state-of-the-art facilities in Bangalore, including a Special Economic Zone (SEZ), providing logistical and operational advantages.
  • The company’s robust vendor ecosystem, including strong subcontractor management and vendor relationships, enables efficient project execution.

Challenges

  • The company is heavily reliant on aerospace, defense, energy, and semiconductor industries, which are cyclical and subject to geopolitical risks.
  • Despite having a global presence, its operations are relatively small compared to larger players, limiting scalability.
  • With only 26 customers, the company faces a risk of significant revenue impact from reductions in orders from key clients.
  • Operating in the defense and aerospace sectors exposes the company to geopolitical risks, including global tensions and trade restrictions.
  • The company’s high dependency on skilled labor could pose challenges in maintaining operational efficiency and managing potential attrition issues.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20241,750.71220.03581.34581.3413.2105
2023926.6410.4233.9233.920.7751
2022561.2210.42228.13228.135.2127
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