Upcoming IPOs: SEBI Approves Kalpataru Ltd, Unimech Aerospace
Two leading groups, Kalpataru Ltd and Unimech Aerospace and Manufacturing Ltd, have got SEBI approval for their maiden offering. The approval is important for the companies as it will pave the way for listings on the BSE and NSE. Let’s get into the details of the upcoming IPOs below.
Kalpataru Ltd IPO
Aims to raise ₹1,590 cr from the IPO, says Kalpataru. The company, which is the real estate arm of the Kalpataru Group, has been a major player in the Indian real estate sector, and the proceeds from the IPO will primarily go towards debt reduction.
Key Details:
Size of IPO: ₹1,590 crore (fresh issue).
Debt Repayment: ₹1,192.5 crore.
Group Companies: Kalpataru Projects International Ltd, Property Solutions (India), and Shree Shubham Logistics Ltd.
The capital raised will strengthen Kalpataru Ltd’s financial position and accelerate its growth in the competitive real estate market.
Unimech Aerospace IPO
Unimech Aerospace is an engineering solutions provider from Bengaluru that plans to raise ₹500 crore through its IPO. The offer will feature a fresh issue of equity shares, amounting to ₹250 crore, and an offer for sale (OFS) by the company’s promoters, for the same amount.
Key Details:
IPO Size: ₹500 crore (₹250 crore fresh issue + ₹250 crore OFS).
Reserved Employee Quota: A portion of the IPO is reserved for eligible employees.
Fund Utilization:
Purchase of machinery and equipment
Working capital requirements
Investment in a material subsidiary.
Repayment of debt
General corporate purposes.
The high-precision engineering solutions provider, Unimech Aerospace, caters to industries like aerospace, defense, energy, and semiconductors. The raised funds will help the company scale up its capabilities and solidify its presence in the precision manufacturing market.
Timeline for getting approval from SEBI
Both the companies had submitted its draft papers to SEBI in August 2024 and had collected observations from the regulator between November 21-22. According to SEBI, obtaining observation is a permit to launch the public offers.
Sectoral Highlights
Kalpataru Ltd (Real Estate):
It looks to decrease debt as well as expand its footprints in India’s fast-growing realty industry.
The Kalpataru group is an established name with diversified business interests beyond realty.
Unimech Aerospace (Engineering Solutions):
Company operates in fast-growing segments like aerospace and defense. As it is an innovation-driven and precision-based business, the IPO will enable investment in infrastructure and cater to the demand for more sophisticated manufacturing solutions.
Listing Details
Kalpataru Ltd, Unimech Aerospace Submit IPOs with BSE, NSE; Investor appetite for shares in these growth stories
Kalpataru Ltd, known for its strong presence in an industry, and Unimech Aerospace with a well-defined growth strategy, promise to attract much investor interest from the IPOs. Calpatru would look at strengthening its financials and expansion in real estate, while Unimech Aerospace is geared towards enhancing its technological capabilities for precision engineering. These public offerings reflect the readiness of the companies to scale operations and create value for stakeholders.
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