Now Reading: Unimech Aerospace Ltd information draft papers with Sebi for Rs 500 cr IPO | IPO Information
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Unimech Aerospace Ltd information draft papers with Sebi for Rs 500 cr IPO | IPO Information
&w=826&resize=826,465&ssl=1 "Unimech Aerospace Ltd information draft papers with Sebi for Rs 500 cr IPO | IPO Information")
Unimech Aerospace Ltd information draft papers with Sebi for Rs 500 cr IPO | IPO Information
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The supply additionally features a reservation for a subscription by eligible staff.
Unimech Aerospace and Manufacturing Ltd has filed draft papers with capital markets regulator Sebi to drift a Rs 500-crore preliminary public providing (IPO).
The Bengaluru-based firm’s IPO contains contemporary concern of fairness shares value Rs 250 crore and a proposal of sale (OFS) of as much as Rs 250 crore by promoter and the promoter group, as per the draft purple herring prospectus (DRHP).
The supply additionally features a reservation for a subscription by eligible staff.
Funds raised from the contemporary concern to will probably be used for growth by means of the acquisition of machineries and gear, funding working capital necessities, funding in its materials subsidiary, fee of debt and normal company functions.
Unimech Aerospace is a excessive precision engineering options firm specialising in complicated manufacturing options for the aerospace, defence, vitality, and semiconductor industries.
The corporate has lately raised Rs 250 crore from buyers, together with Steadview Capital Mauritius Ltd, ValueQuest, and Evolvence in personal placement financing.
Anand Rathi Advisors Ltd, and Equirus Capital Non-public Ltd are the book-running lead managers to the problem.
(Solely the headline and movie of this report could have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Printed: Aug 20 2024 | 11:34 PM IST
