Mumbai13 minutes agoAuthor: Aditya Mishra
- copy link
Mani P Wholetime Director (Operations), Anil Kumar P Chairman and Managing Director, Ramakrishna Kamojala Wholetime Director and CFO, Pritam SV Wholetime Director (People and Key-Account Management Function) Rajinikanth Balaraman Wholetime Director (IT, Business Development and Growth). (left to right)
Today is the last day to invest in the IPO of Unimech Aerospace and Manufacturing. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 31.
The company wants to raise Rs 500 crore through this issue. The company manufactures aero tooling, ground support equipment, electro-mechanical sub-assemblies and other engineered components.
The company’s founding members – Anil Kumar Putan and Ramakrishna Kamojhala said that with the new segment and vision, we want to become India’s original equipment manufacturer (OEM) and partner in the aerospace field and nuclear field at the global level.
Dainik Bhaskar asked the company’s director questions related to the journey, future plans and IPO of Unimech Aerospace and Manufacturing…
Read the full interview…
Question- How was the company started, how has the journey been so far and what have been the challenges?
answer- The company was started in 2016. We are 5 founding partners. Everyone has 15 to 30 years of experience in the fields of customer, manufacturing and engineering. Before starting the company, he had held the responsibilities of CEO and MD in different companies.
Question- What is the core mission and vision of the company?
answer- The company works on aerospace tooling. In this, equipment required for repairing aircraft engines is made. But for now we want to focus on a different segment. That is – high quality, high mix and low volume. Most of the manufacturers are not able to focus on this segment.
Making engines is a very complex task, hence the players in this sector are less and the demand is very high. With the new segment and vision, we want to become India’s original equipment manufacturer (OEM) and partner globally in the aerospace field and nuclear field.
Question- What products does the company make, how many manufacturing facilities are there?
answer- The company manufactures complex tools such as mechanical assemblies, electro-mechanical systems and components for aeroengine and airframe production. In the 8 years since our inception, we have built two manufacturing facilities. We call both Segment 1 and Segment 2.
- Segment- 1: It focuses on aerotooling manufacturing. This Aerospace Park Special Economic Zone (SEZ) is in 1.50 lakh square feet.
- Segment 2: It is called Nuclear and Precision Segment. It is a 1-acre plant, with a manufacturing facility of 30,000 square feet. It manufactures parts related to nuclear projects.
Question- Who is your primary customer, is there any definite plan to increase it?
answer- All our customers are Original Equipment Manufacturers i.e. OEMs, Global Licensing Partners and India Belt Nuclear Reactor Systems and Defense Manufacturers.
Question- Which are your competitor companies?
Answer- No company is our competitor in healthy competition. Yes, some companies working in this sector are definitely our equivalents. But she doesn’t do what we do.
When we started working in aerotooling and nuclear segments in India, there were no companies in India. Everything depended on US and Europe. Nothing was made in India. To know about this segment, we went to Germany and Europe and tried to understand it there.
Question: Product innovations that make you different?
answer- We are a high mix and low volume manufacturer. Our specialty is high-precision and high complexity. It is quite different in the market. Our second specialty is that we follow the policy of Make in India, Make for India and Make for the World.
Question- Future plans of the company, and when are you thinking of bringing IPO?
answer- When the company was started, the target was to reach a business of Rs 100 crore in the first few years. We worked hard and earned Rs 1.57 crore from one customer in the first year, Rs 5 crore in the second year, Rs 40 crore in the third year and Rs 49 crore in the fourth year.
There was some lack in this during Covid. But, after this we reached 300 crores. Last year the profit margin was 24%. Last year our growth was more than 130%.
India has better skilled workforce and political stability. Because of this, customers looking towards India are focusing a lot here. Due to this, while working in this sector, we are trying to raise funds through both organic and inorganic methods. With this we want to do the necessary expansion of the company.
- First thing- In the last few years we have been growing in double digits. To maintain this, we will expand our equipment portfolio. At present we make 25-26 types of equipment. After funding and expansion, we will be able to manufacture more. This will increase demand and will give us more opportunities to grow.
- other thing- Along with business expansion, we are also working on geographical expansion. The country will never grow by sitting in India and working for India. We are losing big opportunities by staying in the country. You have to make in India for the whole world, for this we will have to go to different sectors of the globe.
- Third thing- Enhancement of skills: By working with different players from across the world, we will learn skills and use them in our production. By doing this we can achieve better growth in nuclear. Working in nuclear is mechanical work.
- Fourth thing- Capital Expansion: Will bring people into confidence for this. Our goal is to increase missionaries and other things.
- Fifth thing- Organic Growth and Acquisition: We will take on companies from sectors related to our sector and expand our needs with them. We will acquire new companies and take them forward starting from zero.
Question- The company wants to raise Rs 500 crore through IPO. But in this the company is raising Rs 250 crore through OFS i.e. Offer for Sale. In this context, the company is getting only Rs 250 crore.
answer- The company is raising Rs 250 crore organically for its growth. With this the company will make acquisitions. Rs 250 crore raised organically in pre-IPO. To show the IPO size, we decided to raise Rs 500 crore. Therefore, the promoters were asked to dilute Rs 250 crore. Currently our stake in the company is 90%. After IPO it will be reduced to 80%.
Question- What do you think, how will be the performance of the stock?
answer- India is growing and becoming important for the world. The performance of the manufacturing sector is also much better. Being in the manufacturing sector, we will drive business with top companies in the sector. I cannot tell how the stock will perform.
But from the investors’ point of view, the shares of a company which is growing are better. So we will work for growth and fundamentals and profit. We want to be a long-term company and not a quarter-to-quarter company. Therefore, our business and the people doing business are very responsible and are working responsibly.
Question- Any special thing related to IPO?
answer- We started work which was completely new for India. That is the work of western market. We brought it here and grew it. We want to make the company a growing company in its region. We want to stay in India but create for the world.
Source link
[ad_3]
