Unimech Aerospace IPO - Day 1 Subscription at 0.96 Times

Unimech Aerospace's initial public offering (IPO) has received moderate investor interest on its opening day. The IPO has witnessed varied response across investor categories, reaching an overall subscription of 0.96 times by 12:04 PM on Day 1.

Unimech Aerospace IPO, which opened on 23rd December 2024, has seen different levels of participation across categories. The Retail Investors segment has shown encouraging interest, reaching 1.44 times subscription, while Non-Institutional Investors achieved 1.08 times subscription. The QIB portion currently stands at 0 times, while the Employee portion has shown strong interest at 2.46 times.

This measured response comes during the ongoing sentiment in the Indian stock market, particularly towards companies in the aerospace and manufacturing sector.

Subscription Status of Unimech Aerospace IPO:

*As of 12:04 PM

Here are the subscription details for Unimech Aerospace IPO as of Day 1 (23rd December 2024, 12:04 PM):

Total Applications: 1,33,431

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portion of anchor investors is not included in the total shares offered.

Unimech Aerospace IPO Key Highlights:

• Overall subscription reached 0.96 times on the opening day
• Retail investors showed good interest with 1.44 times subscription, worth ₹250.829 crores
• Non-Institutional Investors achieved 1.08 times subscription
• Employee portion demonstrated strong interest at 2.46 times
• Total bids received for 42.73 lakh shares worth ₹335.443 crores
• Applications reached 1,33,431, showing moderate interest
• Small NII segment showed robust response at 2.20 times
• Large NII segment currently at 0.52 times subscription
• QIB portion awaiting participation

About Unimech Aerospace and Manufacturing Limited 

Incorporated in 2016, Unimech Aerospace and Manufacturing Limited has established itself as a specialized manufacturer of complex tools and mechanical assemblies for the aerospace industry. The company operates as an engineering solutions provider, focusing on manufacturing complex products with "build to print" and "build to specifications" offerings for aerospace, defense, energy, and semiconductor industries. Between 2022 and 2024, they have manufactured 2,356 SKUs in tooling and precision complex sub-assemblies and 624 SKUs in precision machined parts, serving more than 26 customers across 7 countries.

The company operates two ISO-registered manufacturing facilities in Bangalore, with Unit I in Peenya spanning 30,000 sq ft and Unit II in a Special Economic Zone near Bangalore International Airport covering 90,000 sq ft. With 384 employees as of March 31, 2024, the company demonstrates strong technical capabilities. Their financial performance shows remarkable growth with revenue increasing by 125% and PAT rising by 155% between FY2023 and FY2024.

Their competitive strengths lie in their advanced manufacturing capabilities, digital-first approach, established market position in a high-entry-barrier sector, export-driven global delivery model, robust vendor ecosystem, and experienced management team.

Highlights of the Unimech Aerospace IPO

• IPO type: Book Built Issue
• IPO size: ₹500.00 crores
• Fresh Issue: ₹250.00 crores
• Offer for Sale: ₹250.00 crores
• Face value: ₹5 per share
• Price band: ₹745 to ₹785 per share
• Lot size: 19 shares
• Minimum investment for retail investors: ₹14,915
• Minimum investment for sNII: ₹2,08,810 (14 lots)
• Minimum investment for bNII: ₹10,14,220 (68 lots)
• Employee reservation: 19,108 shares
• Listing at: BSE, NSE
• IPO opens: 23rd December 2024
• IPO closes: 26th December 2024
• Allotment date: 27th December 2024
• Refund initiation: 30th December 2024
• Credit of shares: 30th December 2024
• Listing date: 31st December 2024
• Lead Managers: Anand Rathi Securities Limited, Equirus Capital Private Limited
• Registrar: Kfin Technologies Limited