Unimech Aerospace and Manufacturing Ltd
📊 Unimech Aerospace IPO Fund Reallocation Update
- Raised ₹2500 million via IPO on December 31, 2024.
- Shareholders approved fund use change on December 17, 2025.
- Total fund deviation: ₹122.58 crores across multiple categories.
- ₹61.29 crores reallocated to Greenfield Projects, M&A, and Joint Ventures.
- ₹40 crores used for repayment/prepayment of borrowings in a material subsidiary.
- Capital expenditure shifted to M&A: ₹12.83 crores (company) and ₹8.46 crores (subsidiary).
- Business dynamics, vendor variations, and growth objectives cited as reasons for reallocation.