Unimech Aerospace IPO Day 1 Live Updates: Issue opens today. Check GMP, subscription status, review, more
₹149.5 crore via its anchor book, which was initiated on December 20, prior to its IPO. The company has allocated half of the total issue size for qualified institutional buyers (including a portion of up to 60 percent designated for the anchor book), 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.The Initial Public Offering (IPO) of Unimech consists of a fresh equity issuance of up to ₹250 crore alongside an offer for sale (OFS) not exceeding ₹250 crore by selling shareholders from the promoter and promoter group.
In the OFS, Ramakrishna Kamojhala, Rajanikanth Balaraman, Preetham S V, and Rasmi Anil Kumar will be divesting a portion of their stakes. The price range for the offering has been set at ₹745-785 per share.Based in Karnataka, the company operates two manufacturing facilities in Bangalore and focuses on producing and supplying essential components such as aero tooling, ground support equipment, electro-mechanical sub-assemblies, and various precision-engineered items for the aerospace, defence, energy, and semiconductor sectors.
It competes with other publicly listed companies including MTAR Technologies, Azad Engineering, Paras Defence and Space Technologies, Dynamatic Technologies, and Data Patterns.Stay tuned for more Updates Unimech offers a diverse range of products, including engine lifting and balancing beams, tools for assembly, disassembly, and calibration, ground support equipment, platforms for airframe assembly, stands for engine transportation, mechanical and electro-mechanical turnkey systems, and precision components. Located in Bengaluru, the company plays a crucial role in the global supply chain for aerospace, defense, semiconductor, and energy
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