Bengaluru-based Unimech Aerospace and Manufacturing Limited, a global high-precision engineering solutions company specializing in complex manufacturing for the aerospace, defense, energy, and semiconductor industries, has received final observations from the Securities and Exchange Board of India (SEBI) to proceed with its ₹500 crore initial public offering (IPO).
The IPO structure includes a fresh issue of equity shares worth ₹250 crore and an offer for sale (OFS) of up to ₹250 crore by promoters and promoter group shareholders. Prominent promoters participating in the OFS are Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman, Preetham S V, and Rasmi Anil Kumar, offering shares worth ₹45 crore, ₹45 crore, ₹45 crore, ₹30 crore, and ₹85 crore respectively.
Proceeds from the fresh issue are earmarked for expansion through the acquisition of machinery and equipment, funding working capital requirements, investing in material subsidiaries, and general corporate purposes. Unimech Aerospace has established itself as a key supplier of critical components such as aero tooling, ground support equipment, electro-mechanical sub-assemblies, and other precision-engineered parts to various industries. Notably, exports contributed 97.64% to the company’s revenue in FY24, highlighting its significant presence in international markets.
