Unimech Aerospace launches IPO to raise Rs 500 crore with shares priced between Rs 745 and Rs 785

Unimech Aerospace has launched its initial public offering (IPO) today, December 23, 2024, aiming to raise Rs 500 crore. Shares are priced between Rs 745 and Rs 785, with a minimum application of 19 shares. The bidding will close on December 26. The IPO includes a fresh share sale of Rs 250 crore and an offer-for-sale of up to 31.82 lakh equity shares. Proceeds will fund machinery purchases, working capital, and debt repayment. Unimech specializes in manufacturing complex aerospace components and has secured Rs 149.5 crore from anchor investors. Shares will be listed on the BSE and NSE on December 31, 2024. The company has reported strong financial growth, with significant increases in revenue and profit margins. Analysts recommend subscribing to the IPO, citing its competitive valuation and growth potential in the aerospace sector.