Unimech’s IPO is Rs. 250 crore through fresh equity issue and selling shareholders of the promoter and promoter group up to Rs. 250 crore is a mix of Offer of Sale (OFS).
Under OFS, Ramakrishna Kamozala, Rajinikanth Balraman, Pritham SV and Rasmi Anil Kumar will be playing the part.
The proceeds from the fresh issue will be used to fund working capital requirements through purchase of machinery and equipment, investment in its material subsidiary, repayment of debt and capital expenditure for expansion through general corporate purposes.
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Unimac Aerospace recently raised Rs. 250 crore raised, which included Steadview Capital Mauritius Limited, ValueQuest and Evolution in private placement financing.
Unimech is an engineering solutions company specializing in the manufacture and supply of critical components such as aero tooling, ground support equipment, electro-mechanical sub-assemblies and other precision-engineered components for the aerospace, defense, energy and semiconductor industries.
The company has “build to print” capabilities, in which it manufactures products based on client designs, and “build to specifications” capabilities, in which it helps clients design products based on product specifications. It also supplies high precision and critical components to major OEMs and their licensees worldwide.
The company works with energy, defense and semiconductor OEMs (original equipment manufacturers) and as an export-oriented company has a presence in the US, Europe and the UK.
For the year ended March 2024, the company’s revenue from operations more than doubled to Rs. 209 crores, while the profit also increased by 100% to Rs. 58 crores.
Anand Rathi Advisors and Equirus Capital is the book-running lead manager of the issue and KFin Technologies is the registrar.
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