IPO Boom: 3 issues, 8 listings to keep market buzzing next week

After a hectic week gone by, the primary market is set to catch its breath next week, though it won’t be entirely quiet on the IPO front. Unimech Aerospace has already announced its public offer, while the SME segment will see two additional issues opening for subscription.

Alongside these three new IPOs, the coming week will also witness the listing of eight companies, whose public offers were launched in the latest week.

Here's what's on the IPO table next week.


Unimech Aerospace IPO


Bengaluru-based space startup Unimech Aerospace has announced that it will launch Rs 500 crore initial public offering (IPO) on December 23. The issue, which is priced at Rs 745-785 apiece, will be available for bidding till December 26.

The IPO of Unimech is a combination of fresh equity issue of up to Rs 250 crore and an offer of sale (OFS) of up to Rs 250 crore by promoter and promoter group selling shareholders.

Under the OFS, Ramakrishna Kamojhala, Rajanikanth Balaraman, Preetham S V and Rasmi Anil Kumar will offload part stakes.

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The proceeds from the fresh issue will be used to fund capital expenditure for expansion through the purchase of machinery and equipment, to meet working capital requirements, for investment in its material subsidiary, for repayment of debt and for general corporate purposes.

Unimech is an engineering solutions company, specialising in manufacturing and the supply of critical parts such as aero tooling, ground support equipment, electro-mechanical sub-assemblies and other precision-engineered components for aerospace, defence, energy, and semiconductor industries.

Anand Rathi Advisors and Equirus Capital are the book-running lead managers to the issue and KFin Technologies is the registrar.

SME segment


The SME segment will see two new public offers from Solar91 Cleantech and Anya Polytech, opening on December 24 and December 26, respectively.

Solar91 Cleantech, which is promoted by four IIT graduates, has fixed a price band of Rs 185-195 per share for its IPO. Meanwhile, Anya is offering its shares to investors at Rs 14 apiece.

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