Unimech Aerospace raises ₹149.5 crore from anchor investors for ₹500 crore IPO ahead of subscription

Unimech Aerospace raises ₹149.5 crore from anchor investors for ₹500 crore IPO ahead of subscription


Unimec Aerospace IPO: The initial public offering (IPO) of Unimec Aerospace & Manufacturing Limited is all set to hit the Indian primary market on 23 December 2024.

Foreign and domestic institutions participating in the anchor include Goldman Sachs India Equity Portfolio, ICICI Prudential Transportation & Logistics Fund, Tata India Innovation Fund, Motilal Oswal, Edelweiss Trusteeship, Ashoka India Investment Fund, Abacus Diversified Alpha Fund-2, VQ FasterCap Fund HSBC Were included. Flexi Cap, Copthall Mauritius, Clarus Capital etc.

Unimec Aerospace is a global high precision engineering solutions provider specializing in the manufacturing of complex products through “build to print” and “build to specifications” offerings.

The company is involved in machining, manufacturing, assembly, testing and manufacturing of new products to suit customer requirements. Unimech has customers in the aerospace, defense, energy and semiconductor industries.

According to the draft paper filed with the Securities and Exchange Board of India, as of March 31, 2024, Unimac Aerospace operated two manufacturing facilities, Unit I and Unit II, located in Bengaluru, spread over a total area of ​​over 120,000 square feet. (SEBI).

Leave a Reply

Your email address will not be published. Required fields are marked *