Unimech Aerospace & Manufacturing Ltd files draft papers for a Rs 500 crore IPO, including a fresh issue and OFS by promoters.

Unimech Aerospace & Manufacturing Ltd, a Bengaluru-based precision engineering firm, filed draft papers with Sebi for a Rs 500 crore IPO. The IPO comprises a fresh issue of Rs 250 crore and an OFS of up to Rs 250 crore by promoters. Funds will be used for expansion, working capital, debt repayment, and general purposes. Unimech recently raised Rs 250 crore from investors in private placement financing. Anand Rathi Advisors and Equirus Capital are the book-running lead managers.

August 20, 2024
4 Articles

Further Reading