Unimech Aerospace IPO

Incorporated in 2016, Unitech Aerospace and Manufacturing Limited is engaging in the manufacturing of complex tools like mechanical assemblies, electro-mechanical systems, and components for aeroengine and airframe production. The company is an engineering solutions provider specializing in the manufacturing of complex products with "build to print" and "build to specifications" offerings. This involves machining, fabrication, assembly, testing, and creating new products based on the specific requirements of clients in the aerospace, defense, energy, and semiconductor industries. Between Year 2022 and Year 2024, They have manufactured 2,356 SKUs in tooling and precision complex sub-assemblies category and 624 SKUs in the precision machined parts category, supplying to more than 26 customers across 7 countries. As of March 31, 2024, the company operates two manufacturing facilities in Bangalore, covering a total area of over 1,20,000 sq ft. Unit I, located in Peenya, spans over 30,000 sq ft, while Unit II, situated in a Special Economic Zone near Bangalore International Airport, covers over 90,000 sq ft. These facilities are registered with ISO. As of March 31, 2024, The Company had 384 employees. Products: Aero Engine tooling: Engine lifting and balancing beams,Oil Tubes Alignment Fixture, Radial Centering Support etc. Airframe tooling: Lateral Spar Assembly, Drill Jig, Airframe Assembly Platforms Precision Parts: Missile Component, Missile Component Precision Sub System: Rocker Arm - HMC CDA Competitive Strenghths: Advanced manufacturing capabilities capable of delivering high precision engineering solutions Digital-first manufacturing company with a robust infrastructure facilitating seamless integration of operations Established player with unique capabilities in a sector with high barriers to entry Export driven player with a global delivery service model Robust vendor ecosystem and strong sub-contractor management with proven execution capabilities Experienced and complementary management team with strong implementation skills and operational effectiveness

The Company intends to utilise the Net Proceeds from the Fresh Issue towards funding the following objects: 1. Funding of capital expenditure for expansion through purchase of machineries and equipment by the Company Funding working capital requirements of the Company Investment in the Material Subsidiary for: (i) purchase of machineries and equipment; (ii) funding its working capital requirements; and (iii) repayment / prepayment, in full or part, of certain borrowings availed by their Material Subsidiary General corporate purposes. The Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders and the proceeds from the Offer for Sale will not form part of the Net Proceeds

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