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Business News/ Markets / Ipo/  Unimech Aerospace Share Price Highlights: Stock ends 8% below listing price but still above 75% from IPO price
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Unimech Aerospace Share Price Highlights: Stock ends 8% below listing price but still above 75% from IPO price

Unimech Aerospace Share Price Live Updates: Shares of Unimech Aerospace listed at a solid 90% premium on the BSE over its IPO price. On NSE, the stock debuted at 86% premium. However, the stock witnessed some profit taking and ended below the listing price.

Unimech Aerospace Share Price Live Updates: Unimech Aerospace IPO listing date is today, December 31, and the equity shares of the company will be listed on BSE and NSE. (Photo: Company Website)Premium
Unimech Aerospace Share Price Live Updates: Unimech Aerospace IPO listing date is today, December 31, and the equity shares of the company will be listed on BSE and NSE. (Photo: Company Website)

Unimech Aerospace Share Price Live Updates: Unimech Aerospace and Manufacturing shares made a solid stock market debut on Tuesday, with the stock listing at 90% premium on the BSE and 86% on the NSE. But soon after listing, the stock witnessed profit taking, with the scrip ending 8% below the listing price on the BSE and 5% on the NSE. However, the stock was still up nearly 75% from the IPO price.

Unimech Aerospace IPO was open from December 23 to 26 and was subscribed by a robust 175.31 times. Ahead of share listing, Unimech Aerospace IPO GMP today signals a strong debut of shares. Analysts also expect Unimech Aerospace shares to see a strong listing in the stock market today. Stay tuned to our Unimech Aerospace Share Price Live Blog for the latest updates

31 Dec 2024, 04:13:16 PM IST

Unimech Aerospace Share Price Live: Stock ends 8% below listing price on BSE but still 75% above IPO price

Unimech Aerospace share price ended 8% below listing price on the BSE at ₹1373.20 while the stock is still 75% above the IPO price. On the NSE, it ended the day at ₹1,385, down 5% from listing price.

31 Dec 2024, 03:35:07 PM IST

Unimech Aerospace Share Price Live: Comparison with listed peers

Source: RHP

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31 Dec 2024, 02:45:17 PM IST

Unimech Aerospace Share Price Live: Brief profile of company directors

Anil Kumar P is the Chairman, Managing Director, and one of the Promoters of our Company. He has been with the Company since September 1, 2018, and is responsible for business development. He holds a diploma in mechanical engineering from the Board of Technical Examinations, Government of Karnataka, and a Bachelor's in Mechanical Engineering from Indira Gandhi National Open University, New Delhi. He has over 20 years of experience in the manufacturing sector.

Ramakrishna Kamojhala is a Whole-time Director, CFO, and Promoter of our 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 & Works Accountants of India, and Institute of Company Secretaries of India. He holds an MBA from the National Institute of Business Management, Chennai. He has over 13 years of experience in aerospace manufacturing.

Mani P is a Whole-time Director and Promoter, responsible for business operations. He has been with the Company since September 1, 2018. He holds a Bachelor's in Mechanical Engineering from Indira Gandhi National Open University, New Delhi, and an MBA from Toulouse Business School, France. He has over 19 years of experience in business operations.

Rajanikanth Balaraman is a Whole-time Director and Promoter, responsible for growth, IT, and business development. He has been with the Company since July 31, 2017. He holds a Bachelor's in Engineering from Bangalore University, Karnataka. He has over 26 years of experience in software engineering.

Preetham S V is a Whole-time Director and Promoter, responsible for People and Key Account Management. He has been with the Company since December 17, 2016. He holds a Bachelor's in Industrial Production Engineering from Kuvempu University, Karnataka. He has over 19 years of experience in manufacturing.

Mukund Srinath is an Independent Director, associated since July 3, 2024. He is a Fellow Member of the Institute of Company Secretaries of India and holds a Bachelor's in Commerce and Law from Bangalore University, Karnataka. He has over 34 years of experience in legal and secretarial areas.

Ashok Tandon is an Independent Director, associated since July 3, 2024. He is a Fellow Member of the Institute of Company Secretaries of India and holds a Bachelor's in Commerce from St. John’s College, Agra University, Uttar Pradesh. He has over 32 years of experience in legal and corporate secretarial areas.

Vidya Rajarao is an Independent Director, associated since July 3, 2024. She is an Associate Member of the Institute of Chartered Accountants of India. She holds a Bachelor's in Commerce from Bangalore University and is a Certified Fraud Examiner. She has been with RSB Transmissions (I) Ltd. since 2017 and Fraudopedia Private Ltd. since 2020.

Pavan Krishnamurthy is an Independent Director, associated since July 3, 2024. He is an Associate Member of the Institute of Chartered Accountants of India and serves as a director at Sakhatech Information Systems Private Limited and other companies since 2017.

Sridhar Ranganathan is an Independent Director, associated since July 3, 2024. He holds an Executive MBA from Manipal Academy of Higher Education and serves on various boards, including Upceed Consulting Services and Helyxon Promed India Private Limited. He is also on the steering committee (HRD) of the Department of Biotechnology, Government of India.

31 Dec 2024, 02:14:51 PM IST

Unimech Aerospace Share Price Live: A look at the promoters

As of the date of this Red Herring Prospectus, 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, representing 88.60% of the pre-offer issued, subscribed, and paid-up equity share capital.

31 Dec 2024, 01:48:13 PM IST

Unimech Aerospace Share Price Live: Events & milestones for the company

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31 Dec 2024, 01:11:37 PM IST

Unimech Aerospace Share Price Live: Qualitative strengths of the company

- It is a global high precision and engineering solutions company with capabilities to manufacture under two models: (i) build to print and (ii) build to specifications, for our customers

- It has established itself as an approved supplier for various industry leaders in aerospace, defence, semiconductor, and energy sectors.

- It has developed and has the potential to further evolve our facilities to cater to all the specific and changing needs and requirements of the customers with respect to the products it makes and for the industry it supplies products to, allowing us to provide customized and tailored solutions.

- It is a leading exporter of aerospace components, with exports significantly contributing to the overall revenue

- It has a global delivery service model for supplying products to our customers, which includes logistical support and direct export to various companies, including the USA and Europe.

- It is led by a qualified and experienced management team who are supported by a motivated and hard-working team of engineers and other members.

31 Dec 2024, 12:50:21 PM IST

Unimech Aerospace Share Price Live: Unimech Aerospace stock briefly touched 10% lower circuit

Unimech Aerospace share price briefly hit the 10% lower circuit of ₹1341.95 apiece on the BSE today. It is also the stock's 52-week low.

Source: BSE

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31 Dec 2024, 12:32:22 PM IST

Unimech Aerospace Share Price Live: Total expenses see sharp 109% increase in FY24

The expenses increased by 109.39% to ₹1372.86 million for Fiscal 2024 from ₹655.65 million for Fiscal 2023.

31 Dec 2024, 12:05:50 PM IST

Unimech Aerospace Share Price Live: Revenue, PAT grow over 100% YoY in FY24

Revenue from operations comprising revenue from sale of products, sale of services and other operating income increased by 121.71% to ₹2,087.75 million for Fiscal 2024 from ₹941.66 million for Fiscal 2023, primarily due to increase in our total annualized capacity.

Profit after tax rose to ₹581.34 million in Fiscal 2024 from ₹228.13 million in Fiscal 2023, registering a growth of 155%.

31 Dec 2024, 11:44:22 AM IST

Unimech Aerospace Share Price Live: A look at revenue contribution from top customers

Source: RHP

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31 Dec 2024, 11:23:40 AM IST

Unimech Aerospace Share Price Live: Certain risks of investing in Unimech Aerospace

  • A significant portion of the total revenue from operations, i.e. 98.25%, 99.35%, 94.70%, and 95.84% in the six-month period ended September 30, 2024, Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively, is attributable to the aerospace sector. Any adverse changes in the aerospace sector could adversely impact the business, results of operations, and financial condition.
  • It is dependent on top five customers, who contribute to 94.62%, 96.80%, 93.88%, and 88.97% of total revenue from operations in the six-month period ended September 30, 2024, Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively. The loss of any of these customers or a significant reduction in purchases by any of them could adversely affect the financial condition.
  • The company has experienced negative cash flows from investing and financing activities in previous periods and cannot assure you that it will not experience negative cash flows in future periods. Negative cash flows may adversely affect the financial condition, results of operations, and prospects.

31 Dec 2024, 11:09:11 AM IST

Unimech Aerospace Share Price Live: A look at company's business

Unimech Aerospace is an engineering solutions company specialising in manufacturing and supply of critical parts such as aero tooling, ground support equipment, electro-mechanical sub-assemblies and other precision engineered components for aerospace, defence, energy, and semiconductor industries.

The company supplies high precision and critical components to major OEMs and their licensees worldwide. Its product portfolio includes, inter alia, engine lifting and balancing beams, assembly, disassembly and calibration tooling, ground support equipment, airframe assembly platforms, engine transportation stands, mechanical & electro-mechanical turnkey systems, and precision components.

Between Fiscals 2022 and six months period ended September 30, 2024, it manufactured 2,999 SKUs in tooling and precision complex sub-assemblies’ category and 760 SKUs in the precision machined parts category, supplying to more than 26 customers across 7 countries.

31 Dec 2024, 10:52:10 AM IST

Unimech Aerospace Share Price Live: Objectives of the offer

1. Funding of capital expenditure for expansion through the purchase of machineries and equipment by the Company;

2. Funding working capital requirements of the Company;

3. Investment in Material Subsidiary for:

(i) purchase of machineries and equipment;

(ii) funding its working capital requirements; and

(iii) repayment/prepayment, in full or part, of certain borrowings availed by our Material Subsidiary; and

4. General corporate purposes

31 Dec 2024, 10:25:22 AM IST

Unimech Aerospace Share Price Live: Unimech Aerospace IPO structure

Unimech Aerospace IPO was a book-built issue of ₹500 crore. The issue was a combination of fresh share sale of 0.32 crore shares aggregating to ₹250 crore and an offer for sale (OFS)component of 0.32 crore shares aggregating to ₹250 crore.

31 Dec 2024, 10:11:27 AM IST

Unimech Aerospace Share Price Live: Stock drops 9% from listing price

After a solid debut, Unimech Aerospace share price witnessed some profit-taking. The stock dropped as much as 9% from its listing price, also the day's high, on the BSE to ₹1355.05 apiece.

31 Dec 2024, 10:00:03 AM IST

Unimech Aerospace Share Price Live: Unimech Aerospace and Manufacturing shares list at 90% premium

Unimech Aerospace and Manufacturing shares listed on the BSE at a premium of 89.94% at ₹1491 apiece on Tuesday. Meanwhile, on NSE, the stock debuted at ₹1,460, a premium of 85.9%.

31 Dec 2024, 09:42:05 AM IST

Unimech Aerospace Share Price Live: IPO witnessed bumper demand, subcribed 184x

Unimech Aerospace IPO was subscribed 184.34 times at the end of the three-day bidding process. The public issue as subscribed 59.19 times in the retail category, 334.68 times in the QIB category, and 277.55 times in the NII category.

31 Dec 2024, 09:38:15 AM IST

Unimech Aerospace Share Price Live: Abhishek Pandya, Research Analyst, StoxBox on listing expectations

Unimech Aerospace and Manufacturing Ltd. has garnered significant investor interest, with its IPO oversubscribed 175.31 times, and is poised for a strong debut today, potentially commanding a 90% premium above the upper band price. The issue is valued at a price-to-earnings (P/E) ratio of 59.3x on the upper price band based on FY24 earnings, which is comparatively lower than its peers. Considering the company’s strong financial performance, industry tailwinds and attractive valuation, we recommend that investors who have been allotted shares consider holding their positions from a medium to long-term perspective.

31 Dec 2024, 09:16:39 AM IST

Unimech Aerospace Share Price Live: Unimech Aerospace IPO GMP today signals 80% listing pop

Unimech Aerospace IPO GMP today, ahead of the share listing, is ₹625, signaling a 80% listing premium over the IPO price of ₹785.

31 Dec 2024, 08:31:45 AM IST

Unimech Aerospace Share Price Live: Unimech Aerospace IPO to list today

Unimech Aerospace Share Price Live: Unimech Aerospace and Manufacturing shares are set to make their stock market debut today after its initial public offering (IPO) received stellar demand. Unimech Aerospace IPO listing date is today, December 31, and the equity shares of the company will be listed on BSE and NSE.

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