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Business News/ Markets / Ipo/  Unimech Aerospace IPO Day 3 Highlights: Issue booked 175.31x led by QIBs & NIIs. Check GMP, review
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Unimech Aerospace IPO Day 3 Highlights: Issue booked 175.31x led by QIBs & NIIs. Check GMP, review

Unimech Aerospace IPO Day 3 Highlights: Unimech Aerospace IPO has a fresh issue of up to 250 crore and an offer-for-sale (OFS) of up to 250 crore. Price band for the offer has been fixed at 745-785 per share. The firm is a high-precision engineering solutions company.

Unimech Aerospace IPO Day 3 Highlights: The IPO that ends today consists of fresh issue of up to ₹250 crore and an offer-for-sale (OFS) of up to ₹250 crore. (Pixabay)Premium
Unimech Aerospace IPO Day 3 Highlights: The IPO that ends today consists of fresh issue of up to 250 crore and an offer-for-sale (OFS) of up to 250 crore. (Pixabay)

Unimech Aerospace IPO Day 3 Highlights: Unimech Aerospace IPO was subscribed by 175.31 times at the close of the three-day bidding period. The Qualified Institutional Buyer (QIB) quota saw the highest subscription, with a 317.63 times oversubscription, followed by the Non-Institutional Investor (NII) quota, which was subscribed 263.40 times. The retail portion of the IPO received 56.74 times the number of bids, while the employee portion was subscribed 97.81 times.

This IPO includes a fresh issue of shares worth up to 250 crore along with an offer-for-sale (OFS) of up to 250 crore. The subscription period for the issue concluded today, Thursday, December 26.

The price range for the shares has been set between 745-785 each. Prior to the opening of the public subscription, which started on Monday, December 23, Unimech Aerospace Manufacturing raised 149.5 crores from anchor investors.

Unimech Aerospace is a company focused on high-precision engineering solutions, providing complex manufacturing services to the aerospace, defense, energy, and semiconductor sectors.

Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are the lead managers overseeing the offer.

27 Dec 2024, 06:42:30 AM IST

Unimech Aerospace IPO Day 3: Bidding ends, IPO allotment to be finalised soon

Unimech Aerospace IPO Day 3: The bidding period for Unimech Aerospace IPO ended on December 26. The company will now finalise the Unimech Aerospace IPO allotment soon and credit the equity shares into the demat accounts of eligible allottees. The unsuccessful bidders will receive the refunds soon. Unimech Aerospace IPO listing date is December 31 and the equity shares of the company will be listed on both the stock exchanges, BSE and NSE.

26 Dec 2024, 09:38:18 PM IST

Unimech Aerospace IPO Day 3 Live Updates: GMP signals 80% premium on listing 

The grey market premium for Unimech Aerospace IPO was 630 on Thursday, signalling that the stock could list at 1,415, a premium of 80.25 per cent as against its IPO price of 785.

26 Dec 2024, 09:03:10 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Issue subscribed 175.31 times at the end of the three-day bidding process

Unimech Aerospace IPO was booked 175.31 times at the end of the three-day bidding process. The QIB quota was subscribed the most at 317.63 times, followed by the NII quota which was booked 263.78 times. Meanwhile, the retail portion of the IPO ended with 56.74 times bids and the employee portion garnered 97.81 times subscription.

26 Dec 2024, 05:48:13 PM IST

Unimech Aerospace IPO Day 3 Live Updates: GMP signals 80% listing pop

The grey market premium for Unimech Aerospace IPO was 630 on Thursday, signalling that the stock could list at 1415, a premium of 80.25 per cent as against its IPO price of 785.

26 Dec 2024, 05:29:34 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Issue subscribed 174.93 times at the end of the three-day bidding process

Unimech Aerospace IPO was booked 174.93 times at the end of the three-day bidding process. The QIB quota was subscribed the most at 317.63 times, followed by the NII quota which was booked 263.40 times. Meanwhile, the retail portion of the IPO ended with 56.16 times bids and the employee portion garnered 95.78 times subscription.

26 Dec 2024, 04:55:10 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Promoters of the company

Anil Kumar P, Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman, and Preetham S V are the Promoters of the company. Promoters, in aggregate, hold 42,236,420 equity shares of the company, representing 88.60% of the pre-offer equity share capital of the company.

26 Dec 2024, 04:34:35 PM IST

Unimech Aerospace IPO Day 3 Live Updates: A brief overview of the company's directors

Anil Kumar P is the Chairman and Managing Director, and one of the Promoters of the Company. He has been with the Company since September 1, 2018, and is responsible for business development. Prior to joining the Company, he worked with Quality Engineering & Software Technologies Pvt. Ltd., CIM Tools Pvt. Ltd., and INCITE CAM Centre. He has over 20 years of experience in manufacturing.

Ramakrishna Kamojhala is a Whole-time Director, CFO, and Promoter of the Company, responsible for finance and compliance. He has been with the Company since July 31, 2017. He is a fellow member of the Institute of Chartered Accountants of India, Institute of Cost and Works Accountants of India, and the Institute of Company Secretaries of India. 

Mani P is a Whole-time Director and Promoter of the Company. He has been with the Company since September 1, 2018, and is responsible for business operations. He has over 19 years of experience in business operations, previously working with International Aerospace Manufacturing Pvt. Ltd., Goodrich Aerospace Services Pvt. Ltd., and Maini Precisions Products Pvt. Ltd.

Rajanikanth Balaraman is a Whole-time Director and Promoter of the Company, responsible for growth, IT, and business development. He has been with the Company since July 31, 2017, and holds a degree in engineering from Bangalore University. He has over 26 years of experience in software engineering, having worked with companies like Integral Logic Pvt. Ltd., Robert Bosch India Ltd., and National Instruments Systems (India) Pvt. Ltd.

Preetham S V is a Whole-time Director and Promoter of the Company, responsible for people and key account management. He has been with the Company since December 17, 2016, and holds a degree in industrial production engineering from Kuvempu University, Karnataka. He has over 19 years of experience in manufacturing, having worked with Quality Engineering and Software Technologies Pvt. Ltd., Wipro Ltd., and Affiliated Computer Services of India Pvt. Ltd.

Mukund Srinath is an Independent Director, associated with the Company since July 3, 2024. He is a fellow member of the Institute of Company Secretaries of India and holds a commerce degree and a law degree from Bangalore University. He has over 34 years of experience in legal and secretarial areas, previously working with Capgemini Technologies Services India Ltd. and other firms.

Ashok Tandon is an Independent Director, associated with the Company since July 3, 2024. He holds a commerce degree from St. John’s College, Agra University, and a law diploma from Utkal University. He has over 32 years of experience in legal and corporate secretarial roles, including at Hindustan Aeronautics Ltd.

Vidya Rajarao is an Independent Director, associated with the Company since July 3, 2024. She holds a commerce degree from Bangalore University and is an associate member of the Institute of Chartered Accountants of India. She has been with RSB Transmissions (I) Ltd since 2017 and also serves on the board of Fraudopedia Pvt. Ltd.

Pavan Krishnamurthy is an Independent Director, associated with the Company since July 3, 2024. He holds a commerce degree and is an associate member of the Institute of Chartered Accountants of India. He has been with Sakhatech Information Systems Pvt. Ltd. and Cocreate Venture Technology LLP since 2016.

Sridhar Ranganathan is an Independent Director, associated with the Company since July 3, 2024. He holds an Executive MBA from Manipal Academy of Higher Education and is a member of the HRD steering committee at the Department of Biotechnology, Government of India. He has been with Upceed Consulting Services Pvt. Ltd. and Helyxon Promed India Pvt. Ltd. since 2020.

26 Dec 2024, 04:19:20 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Issue subscribed 173.68x so far

Unimech Aerospace IPO was subscribed 173.68 times so far on the third and final day of the book-building process. Here's how different quotas were booked:

QIB: 317.63x

NII: 262.45x

Retail: 54.07x

Employee: 92.61x

26 Dec 2024, 03:59:56 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Here's what Choice Equity Broking says about the issue

At the upper end of its price range, UAML is demanding a P/E multiple of 68.7x, based on its FY24 EPS of Rs. 11.4, and a EV/Sales multiple of 18.0x, this valuation seems to be at a discount compared to its peers. The company has experienced a significant increase in both its top and bottom lines, driven by expanded capacity and rising customer revenue, resulting in improved margins. Looking forward, we believe UAML holds strong long-term growth potential through global expansion. Thus, we recommend a “SUBSCRIBE" rating for this issue.

26 Dec 2024, 03:45:18 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Track record of strong financial performance

Company is the fastest growing company, having recorded the highest revenue growth in terms of CAGR between the period FY2022 and FY2024, the CAGR of company is 139.7% between the above-mentioned period . Company’s total revenue from operations were 1,206.56 million, 2,087.75 million, 941.66 million and 363.49 million as of six months period ended September 30, 2024 and for Fiscal Years 2024, 2023 and 2022 respectively. 

Company’s PAT increased from 33.92 million in Fiscal Year 2022 to 228.13 million in Fiscal Year 2023 to 581.34 million in Fiscal Year 2024 and 386.80 million as of September 30, 2024, translating to a PAT margin of 9.33%, 24.23%, 27.85% and 32.06% in Fiscal Years 2022, 2023, 2024 and as of September 30, 2024 respectively.

26 Dec 2024, 03:17:40 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Check out Key Investment Rationale by experts 

  • Advanced manufacturing capabilities
  • Focus on digitalization
  • High entry barriers
  • Export-driven and diversified geographical spread
  • Robust vendor system

26 Dec 2024, 03:04:32 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Here's what Hem Securities says about the IPO 

Company have established itself as an approved supplier for various industry leaders in aerospace, defence, semiconductor and energy sectors. Company have developed and have a potential to further evolve its facilities to cater to all the specific and changing needs and requirements of the customers with respect to the products company make and for the industry it supply products to, allowing to provide customized and tailored solution. Hence Looking after all above , we recommend “Subscribe" on issue.

26 Dec 2024, 02:21:41 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Issue booked 95.42x on third bidding day so far

The initial public offer of Unimech Aerospace IPO has been subscribed 95.42x on the third day of subscription today, at 14:18 IST, as per BSE data.

The initial share sale received bid for 44,88,40,705 shares against 47,04,028 shares on offer, according to BSE.

The portion for retail investors received 43.69x subscription while the quota for non-institutional investors got subscribed 194.00x. The qualified institutional buyers (QIBs) part is booked 112.27x. The employee portion has been subscribed 77.72x.

26 Dec 2024, 01:54:04 PM IST

Unimech Aerospace IPO Day 3 Live Updates: All you need to know about the Global Maintenance, Repair and Operations (MRO) market

The global aircraft Maintenance, Repair and Overhaul (MRO) market is a vital sector supporting the safety, reliability, and efficiency of commercial aircraft. The commercial aircraft MRO activities can be categorized into four main types, such as engine, airframe, line maintenance and component maintenance.

The Engine MRO segment accounted for ~46% of the total MRO revenue in FY23 and is expected to grow to 49% by FY28. In absolute terms, the share of engine MRO stood at USD 42.8 bn in FY23 and is expected to grow at a CAGR of 4.5% between FY23-FY28P to reach USD 53.2 bn by FY28.

26 Dec 2024, 01:35:36 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Here's what InCred Equities says about the IPO 

In FY24, RoE and RoCE stood at ~54% each. Unimech usually works with 8-16 weeks of orders. We recommend subscribing to the IPO, given its presence in niche aerospace & defence sectors, healthy margin profile, diversified capabilities and higher return ratios.

26 Dec 2024, 01:27:50 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Issue booked 66.93x on third bidding day so far

The initial public offer of Unimech Aerospace IPO has been subscribed 66.93x on the third day of subscription today, at 13:24 IST, as per BSE data.

The initial share sale received bid for 31,48,48,202 shares against 47,04,028 shares on offer, according to BSE.

The portion for retail investors received 38.43x subscription while the quota for non-institutional investors got subscribed 152.72x. The qualified institutional buyers (QIBs) part is booked 52.42x. The employee portion has been subscribed 69.89x.

26 Dec 2024, 01:04:26 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Check out key dates 

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26 Dec 2024, 12:33:25 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Check out Growth Strategies

  • Enhancing global footprint in strategic regions
  • Capturing higher market share and increase in wallet shares from customers
  • Expanding manufacturing capacity and collaborative manufacturing with global and local manufacturers for growth
  • Focus on growth by opportunistic inorganic acquisitions and partnerships with customers
  • Expanding product development and market presence across high-mix, low volume industries

26 Dec 2024, 12:11:13 PM IST

Unimech Aerospace IPO Day 3 Live Updates: Check out some of the key risks 

  • Customer concentration
  • Long gestation period
  • Export risk

26 Dec 2024, 11:29:02 AM IST

Unimech Aerospace IPO Day 3 Live Updates: Issue booked 26.83x on third bidding day so far

The initial public offer of Unimech Aerospace IPO has been subscribed 26.83x on the third day of subscription today, at 11:24 IST, as per BSE data.

The initial share sale received bid for 12,62,12,573 shares against 47,04,028 shares on offer, according to BSE.

The portion for retail investors received 22.45x subscription while the quota for non-institutional investors got subscribed 66.29x. The qualified institutional buyers (QIBs) part is booked 4.68x. The employee portion has been subscribed 41.81x.

26 Dec 2024, 10:59:24 AM IST

Unimech Aerospace IPO Day 3 Live Updates: All you need to know about manufacturing capabilities

Unimech Aerospace is an international company providing high-precision engineering solutions that focuses on producing complex products through "build to print" and "build to specifications" services. In the build to print model, the company fabricates tools and components based on detailed designs and drawings provided by clients, whereas the build to specifications model aims to support clients in product design by following their specifications and descriptions of requirements.

26 Dec 2024, 10:41:20 AM IST

Unimech Aerospace IPO Day 3 Live Updates: Export driven business

The company is one of the leading exporters of aerospace components, catering to a global customer base across USA, Germany and United Kingdom. As of 1HFY25/FY24, export sales accounted for ~96%/98% of the total revenue, of which the share of sales to USA based customers stood at ~83%/92% respectively. 

26 Dec 2024, 10:25:48 AM IST

Unimech Aerospace IPO Day 3 Live Updates: Issue booked 15.89x on third bidding day so far

The initial public offer of Unimech Aerospace IPO has been subscribed 15.89x on the third day of subscription today, at 10:21 IST, as per BSE data.

The initial share sale received bid for 7,47,45,392 shares against 47,04,028 shares on offer, according to BSE.

The portion for retail investors received 14.25x subscription while the quota for non-institutional investors got subscribed 34.56x. The qualified institutional buyers (QIBs) part is booked 4.65x. The employee portion has been subscribed 22.26x.

26 Dec 2024, 09:57:58 AM IST

Unimech Aerospace IPO Day 3 Live Updates: Here's what SBI Securities says about the issue 

At the upper price band of 785, the company is valued at FY25 annualized P/E multiple of 51.6x on post issue capital which is at a discount to its peers. We recommend investors to subscribe to the issue at cut-off price.

26 Dec 2024, 09:35:05 AM IST

Unimech Aerospace IPO Day 3 Live Updates: All you need to know about the anchor investors 

Various foreign and domestic institutions that took part in the anchor included Goldman Sachs India Equity Portfolio, ICICI Prudential Transportation and Logistics Fund, Tata India Innovation Fund, Motilal Oswal, Edelweiss Trusteeship, Ashoka India Investment Fund, Abakkus Diversified Alpha Fund-2, VQ Fastercap Fund, HSBC Flexi Cap, Copthall Mauritius, and Clarus Capital, among others.

The company experienced significant interest from both global and domestic institutions. Of the total allocation of 1,905,094 Equity Shares to the Anchor Investors, 1,016,215 Equity Shares (which represents 53.34% of the overall allocation to Anchor Investors) were distributed to 7 domestic mutual funds through a combination of 10 schemes.

26 Dec 2024, 09:17:43 AM IST

Unimech Aerospace IPO Day 3 Live Updates: Established player in a sector with barriers to entry

The company is engaged in the business of manufacturing complex tooling, mechanical assemblies, electro-mechanical turnkey systems, and precision components. Given the complex production process, adherence to stringent quality standards is a must. Establishing relationships with original equipment manufacturers (OEMs) and on boarding them is a time-consuming process, often taking several years. Further, once the customer onboards a vendor, shifting to another vendor is not cost efficient. The company have established themselves as an approved supplier for various industry leaders in aerospace, defence, semi-conductor and energy sectors.

26 Dec 2024, 09:05:49 AM IST

Unimech Aerospace IPO Day 3 Live Updates: Check out the firm's product portfolio

The company offers a range of products, including beams for lifting and balancing engines, tools for assembly, disassembly, and calibration, ground support machinery, platforms for airframe assembly, stands for engine transportation, complete mechanical and electro-mechanical systems, and precision parts.

26 Dec 2024, 08:48:40 AM IST

Unimech Aerospace IPO Day 3 Live Updates: Indsec Securities has a ‘Subscribe’ tag to the IPO  

The brokerage reported that the company's operating margin for FY24 was approximately 38%, due to its production of a diverse range of low-volume, high-margin products. The presence of significant entry barriers and the manufacturing of essential components contribute to the maintenance of a high operating margin. As of September 30, 2024, the company has 807.52 million in orders. 

The increasing demand from both the aviation sector and related industries, along with substantial entry barriers and a strategic partnership with Dheya Engineering for mini-gas turbine production, all point toward positive future growth prospects. Consequently, the brokerage has given a "Subscribe" recommendation for the IPO.

26 Dec 2024, 08:32:30 AM IST

Unimech Aerospace IPO Day 3 Live Updates: Here's what GMP hints ahead on the third bidding day 

Unimech Aerospace IPO GMP today is +610. This indicates Unimech Aerospace share price was trading at a premium of 610 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Unimech Aerospace share price is indicated at 1,395 apiece, which is 77.71% higher than the IPO price of 785.

According to the last 11 sessions of grey market activities, today's IPO GMP is trending upwards and is anticipated to have a robust listing. The minimum GMP recorded is 0, while the maximum stands at 610, as per insights from experts at investorgain.com.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.

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