Big opportunity in aerospace sector

The month of December is very active for IPOs. Among many big names, now the IPO of Unimech Aerospace and Manufacturing Limited, a company related to space and manufacturing sector, is coming.

• Opening date: 23 December 2024.
• Closing Date: 26 December 2024.
• Price Band: ₹785 per share.

Strong performance in gray market

According to Investorgain.com, Unimec Aerospace’s IPO is trading at a premium of ₹405 in the gray market.

• Expected listing price: ₹1,190 per share.
• This indicates that investors can get a profit of 52% on the very first day of listing.
• Listing Date: 31 December 2024 (on BSE and NSE).

IPO details

• IPO size: ₹500 crore.
  • Fresh issue: ₹250 crore.
  • Offer for Sale (OFS): ₹250 crore.
• Use of funds:
  • Capital expenditure through purchase of machinery and equipment.
  • To meet the needs of working capital.
  • Funding of material capital and working capital of the subsidiary.
  • Partial or full repayment of loan.
  • For general corporate purposes.

Unimac Aerospace: Company Profile

Established in 2016, Unimech Aerospace & Manufacturing Limited is a growing engineering solutions company.

• Expertise:
  • Aero Tooling.
  • Ground support equipment.
  • Electro-Mechanical Sub-Assembly.
• Industry:
  • Aerospace.
  • Defense.
  • Energy.
  • Semiconductor.
• The company specializes in manufacturing and supplying critical and precision engineered components.

Why is Unimac Aerospace IPO special?

1. Investment opportunity in space sector:
   • Due to the increasing demand in the aerospace and defense sector, Unimac Aerospace’s business can grow rapidly.
2. High Growth Prospects:
   • The company is planning to expand with new equipment and machinery.
3. Listing Gain:
   • The gray market premium indicates that this IPO could provide good returns for investors.