The deal likewise consists of a booking for a registration by qualified workers.
Unimech Aerospace and Manufacturing has actually submitted draft documents with resources markets regulatory authority Sebi
Unimech Aerospace and Manufacturing Ltd has actually submitted draft documents with resources markets regulatory authority Sebi to drift a Rs 500-crore going public (IPO).
The Bengaluru- based firm’s IPO makes up fresh concern of equity shares worth Rs 250 crore and a deal of sale (OFS) of as much as Rs 250 crore by marketer and the marketer team, according to the draft red herring program (DRHP).
The deal likewise consists of a booking for a registration by qualified workers.
Funds increased from the fresh concern to will certainly be utilized for development via the acquisition of equipments and tools, moneying capital demands, financial investment in its product subsidiary, repayment of financial obligation and basic company objectives.
Unimech Aerospace is a high accuracy design options firm being experts in intricate production options for the aerospace, support, power, and semiconductor sectors.
The firm has actually lately increased Rs 250 crore from financiers, consisting of Steadview Capital Mauritius Ltd, ValueQuest, and Evolvence secretive positioning funding.
Anand Rathi Advisors Ltd, and Equirus Capital Private Ltd are the book-running lead supervisors to the concern.
(This tale has actually not been modified by News18 personnel and is released from a syndicated information company feed – PTI)
