Unimech Aerospace Files Draft Papers for ₹500-Crore IPO

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.