Unimech Aerospace and Manufacturing Ltd ipo

Incorporated in 2016, Unitech Aerospace and Manufacturing Limited is engaging in the manufacturing of complex tools like mechanical assemblies, electro-mechanical systems, and components for aeroengine and airframe production.

The company is an engineering solutions provider specializing in the manufacturing of complex products with “build to print” and “build to specifications” offerings. 

This involves machining, fabrication, assembly, testing, and creating new products based on the specific requirements of clients in the aerospace, defense, energy, and semiconductor industries.

Between Year 2022 and Year 2024, They have manufactured 2,356 SKUs in tooling and precision complex sub-assemblies category and 624 SKUs in the precision machined parts category, supplying to more than 26 customers across 7 countries.

As of March 31, 2024, the company operates two manufacturing facilities in Bangalore, covering a total area of over 1,20,000 sq ft. Unit I, located in Peenya, spans over 30,000 sq ft, while Unit II, situated in a Special Economic Zone near Bangalore International Airport, covers over 90,000 sq ft. These facilities are registered with ISO.

As of March 31, 2024, The Company had 384 employees.

Products:

  • Aero Engine tooling: Engine lifting and balancing beams,Oil Tubes Alignment Fixture, Radial Centering Support etc.
  • Airframe tooling: Lateral Spar Assembly, Drill Jig, Airframe Assembly Platforms
  • Precision Parts: Missile Component, Missile Component
  • Precision Sub System: Rocker Arm – HMC CDA

Competitive Strenghths:

  • Advanced manufacturing capabilities capable of delivering high precision engineering solutions
  • Digital-first manufacturing company with a robust infrastructure facilitating seamless integration of operations
  • Established player with unique capabilities in a sector with high barriers to entry
  • Export driven player with a global delivery service model
  • Robust vendor ecosystem and strong sub-contractor management with proven execution capabilities
  • Experienced and complementary management team with strong implementation skills and operational effectiveness

Unimech Aerospace and Manufacturing Limited Financial Information (Restated Consolidated)

Unimech Aerospace and Manufacturing Limited’s revenue increased by 125% and profit after tax (PAT) rose by 155% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets509.27175.6393.3456.88
Revenue127.58213.7994.9337.08
Profit After Tax38.6858.1322.813.39
Net Worth390.1108.648.8527.66
Reserves and Surplus113.7186.5947.826.62
Total Borrowing74.7128.8622.2617.12
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Unimech Aerospace IPO is Rs 3992.27 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE53.53%
ROCE54.36%
Debt/Equity0.32
RoNW53.53%
PAT Margin27.85
Price to Book Value31.77
 Pre IPOPost IPO
EPS (Rs)12.1915.21
P/E (x)64.3751.61
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Unimech Aerospace IPO Objectives)

The Company intends to utilise the Net Proceeds from the Fresh Issue towards funding the following objects: 1.

  1. Funding of capital expenditure for expansion through purchase of machineries and equipment by the Company
  2. Funding working capital requirements of the Company
  3. Investment in the 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 their Material Subsidiary
  4. General corporate purposes.

The Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders and the proceeds from the Offer for Sale will not form part of the Net Proceeds

Unimech Aerospace IPO Details

IPO DateDecember 23, 2024 to December 26, 2024
Listing Date[.]
Face Value₹5 per share
Price Band₹745 to ₹785 per share
Lot Size19 Shares
Total Issue Size63,69,424 shares
(aggregating up to ₹500.00 Cr)
Fresh Issue31,84,712 shares
(aggregating up to ₹ 250.00 Cr)
Offer for Sale31,84,712 shares of ₹5
(aggregating up to ₹250.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share Holding Pre Issue4,76,72,170 shares
Share Holding Post Issue5,08,56,882 shares

Unimech Aerospace IPO Promoter Holding

Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman and Preetham SV are the promoters of the company.

Share Holding Pre Issue91.83%
Share Holding Post Issue 

SHARIAH SCREENING for - Unimech Aerospace and Manufacturing Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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