By upnifty 
Unimech Aerospace & Manufacturing IPO Details
Unimech Aerospace & Manufacturing IPO Date
Unimech Aerospace & Manufacturing Limited IPO will open for subscription on December 23, 2024, and the closing date for the IPO is December 26, 2024, according to the offer document filed by the company with SEBI. After this, investors are expected to be updated about the allotment status on Friday, December 27, 2024.
Investors who have been allotted shares can expect them to be credited to their demat account on December 30, 2024. The shares will be listed on the NSE and the BSE on Tuesday, December 31, 2024.
Unimech Aerospace & Manufacturing IPO Price Band
The IPO is a fresh issue and an offer for sale. The IPO price band has been set between ₹745 and ₹785 per share. Interested investors can choose a price within this band to apply for the IPO.
The IPO is a book-building issue of ₹500 crore, with a fresh issue of 31,84,712 equity shares (approx ₹250.00 crore) and an offer for sale of 31,84,712 equity shares (approx ₹250.00 crore).
Unimech Aerospace & Manufacturing Limited IPO listing price will be determined on December 31, 2024. The listing price is the price at which a company’s shares debut on the stock exchanges.
Unimech Aerospace & Manufacturing IPO Lot Size
The Unimech Aerospace & Manufacturing Limited IPO details have been declared. The minimum lot size for an application is 19 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹500 crore.
Unimech Aerospace & Manufacturing IPO Objective
The company proposes to utilise the net proceeds of the fresh issue in the following manner:
Business expansion: The company wants to expand by purchasing machinery and equipment with net proceeds worth ₹36.36 crore.
Working capital requirements: The company will allocate ₹25.29 crore for its own working capital needs and requirements.
Investments in subsidiaries: ₹128.61 crore funds will be used to support the company’s investments into subsidiaries and future growth plans.
General corporate purposes: The remaining funds will be used for general corporate needs to expand business.