Unimech Aerospace and Manufacturing’s Initial Public Offering (IPO) has garnered significant attention in the market, with the issue being subscribed 9.09 times by the second day of bidding, Tuesday, December 24. This demand surge has largely been driven by non-institutional investors (NIIs), while the retail category was oversubscribed by 10.30 times, reflecting strong market interest. The IPO, which is open for subscription from December 23 to December 26, is a combination of a fresh issue and an offer for sale. The price band for the offering has been set between ₹745 and ₹785 per share, with a lot size of 19 shares.
Founded in 2016, Unimech Aerospace and Manufacturing specializes in providing high-quality engineering solutions to critical industries, particularly in the aerospace and defense sectors. The company manufactures and supplies a wide range of tools, including mechanical assemblies, electromechanical systems, and components used in aero-engine and airframe production. Additionally, it caters to sectors such as energy and semiconductors, showcasing its versatile capabilities.
The company’s IPO has attracted attention not only due to its strong presence in the aerospace and defense sectors but also because of its solid growth potential and the increasing demand for defense and aerospace components in India. As the Indian government continues to push for “Make in India” initiatives, companies like Unimech, which specialize in critical aerospace and defense components, are poised to benefit.
When compared with other peers in the defense and aerospace manufacturing industry, Unimech Aerospace stands out for its diversified client base and the scope of its offerings. While other defense component manufacturers are often focused on specific areas, Unimech’s ability to supply components across a range of industries—from aerospace to energy and semiconductors—sets it apart as a comprehensive engineering solutions provider. Furthermore, the increasing need for indigenous manufacturing in the defense sector places Unimech in an advantageous position for future growth.
The strong demand for the IPO, combined with the company’s robust growth trajectory, highlights the growing interest in India’s defense and aerospace sector. As the subscription period continues, Unimech Aerospace’s IPO is expected to be a key milestone for the company, allowing it to expand its capabilities and contribute further to India’s defense and aerospace industries.