Unimech Aerospace and Manufacturing Ltd, based in Bengaluru, has submitted draft papers to the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) valued at ₹500 crore. The IPO will consist of a fresh equity share issue of ₹250 crore and an offer for sale (OFS) of up to ₹250 crore by the promoter and the promoter group, as outlined in the draft red herring prospectus (DRHP).
The offer will also reserve a portion for eligible employee subscriptions. The funds from the fresh issue are planned for expansion, including the acquisition of machinery and equipment, working capital needs, investment in a material subsidiary, debt repayment, and general corporate purposes.
Unimech Aerospace specializes in high-precision engineering solutions for the aerospace, defense, energy, and semiconductor sectors. Recently, the company secured ₹250 crore through private placements from investors such as Steadview Capital Mauritius Ltd, ValueQuest, and Evolvence. Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are acting as the book-running lead managers for the IPO.
