Unimech Aerospace IPO: Unimech Aerospace’s Grey Market Premium (GMP) has skyrocketed to over 80% on its final subscription day, December 26. This means that investors are willing to pay a significant premium over the IPO price of Rs 785, with shares trading at Rs 1,415 in the grey market.
Unimech Aerospace and Manufacturing Ltd’s IPO witnessed an overwhelming response, receiving 44.87 times subscription on its third day of bidding. As of 12:30 PM, the company received bids for 21.10 crore shares, exceeding the 47.04 lakh shares that were on offer, according to the NSE (National Stock Exchange) data.
Furthermore, Non-Institutional Investors led the charge with a staggering 111.28 times subscription. Retail Individual Investors (RIIs) also showed strong interest, subscribing 31.69 times, while Qualified Institutional Buyers (QIBs) contributed 17.95 times subscription.
Unimech Aerospace IPO: Other Details!
- The IPO consists of 47.04 lakh shares.
- Furthermore, the company has kept the minimum lot size for the IPO of 19 shares.
- The company mandated the retail investors to invest a minimum amount of Rs 14,155 lakh.
- The company may finalize the share allotment status on Friday, December 27, 2024.
- Additionally, the company may list on the BSE, NSE on Tuesday, December 31, 2024.
- Anand Rathi Securities and Equirus Capital are the book running lead manager for this IPO, whereas the KFin Technologies is the registrar for the issue.
- The bidding for this IPO started on December 23 and the IPO will conclude on December 26, 2024.
Unimech Aerospace and Manufacturing Ltd was established in 2016. Additionally, this is a specialized engineering solutions company that designs, manufactures, and supplies critical components, including aero tooling, ground support equipment, electromechanical sub-assemblies, and precision-engineered parts, catering to the aerospace, defense, energy, and semiconductor sectors. The company has the global presence with the client base in the US, UK and Germany.
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