Unimech Aerospace raises ₹149.5 crore from anchor investors for ₹500-crore IPO ahead of subscription | Stock Market News
Source: Live Mint
Unimech Aerospace IPO: The initial public offering (IPO) of Unimech Aerospace and Manufacturing Limited is all set to hit the Indian primary market on 23rd December 2024.
Foreign and Domestic Institutions who participated 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, Clarus Capital etc.
Unimech 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, fabrication, assembly, testing, and the creation of new products tailored to client requirements. Unimech has clients from the aerospace, defence, energy, and semiconductor industries.
As of March 31, 2024, Unimech Aerospace operated two manufacturing facilities, Unit I and Unit II, located in Bangalore, spanning a total area of over 120,000 sq. ft., according to the draft papers filed with the Securities and Exchanges Board of India (SEBI).
