Unimech Aerospace & Manufacturing Limited’s initial public offering (IPO) will open for public subscription on December 23 and close on December 26, according to the company’s red herring prospectus (RHP). The bidding for anchor investors will begin on December 20.
The Rs 500-crore IPO comprises:
- A fresh issue of equity shares worth Rs 250 crore
- An offer for sale (OFS) by promoters Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman, Preetham S V, and Rasmi Anil Kumar worth Rs 250 crore
Utilization of Proceeds:
- Funding capital expenditure for expansion through the purchase of machinery and equipment
- Meeting working capital requirements
- General corporate purposes
Unimech Aerospace serves as a critical player in the global supply chain, supplying components like aero tooling, ground support equipment, electro-mechanical sub-assemblies, and other precision-engineered parts. Its key clients include global airframe and aero-engine OEMs and their licensed partners.
The IPO will be managed by Anand Rathi Advisors Limited and Equirus Capital Private Limited as the book-running lead managers.
