The Unimech Aerospace Initial Public Offering (IPO) has become one of the most talked-about IPOs in recent times, drawing strong investor interest. With its promising financials and significant demand in the grey market, the IPO has generated considerable excitement among retail and institutional investors alike.
This article provides a detailed overview of the Unimech Aerospace IPO, focusing on its subscription status, grey market premium (GMP), and other key details.
Unimech Aerospace IPO: Key Highlights
The Unimech Aerospace IPO opened for subscription on December 23, 2024, and concluded on December 26, 2024. The IPO aimed to raise ₹500 crore, consisting of a fresh issue of 32 lakh equity shares worth ₹250 crore and an Offer for Sale (OFS) of an equal number of shares, also valued at ₹250 crore.
The price band for the issue was set between ₹745 and ₹785 per share, with a minimum lot size of 19 shares. Retail investors could apply for a minimum investment of ₹14,915, while non-institutional investors (NIIs) had higher minimum application requirements, ranging from ₹2,08,810 for small NIIs to ₹10,14,220 for large NIIs.
The allotment of shares is expected to be finalized on December 27, 2024, and the shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 31, 2024.
Unimech Aerospace IPO Subscription Status
The IPO witnessed an overwhelming response from all categories of investors. By the end of Day 3, the IPO had been subscribed 44.87 times, with bids for 21.10 crore shares received against the 47.04 lakh shares on offer.
- Retail Individual Investors (RIIs): Subscribed 31.69 times
- Qualified Institutional Buyers (QIBs): Subscribed 17.95 times
- Non-Institutional Investors (NIIs): Subscribed 111.28 times
Such high subscription figures reflect strong investor confidence in the company’s business model and growth prospects.
Unimech Aerospace IPO GMP
The grey market premium (GMP) for the Unimech Aerospace IPO has been a major indicator of its strong demand. As of December 26, 2024, the GMP stood at an impressive ₹610. Based on the upper price band of ₹785, the estimated listing price is ₹1,395 per share, which represents a potential gain of 77.71% for investors.
The soaring GMP is a testament to Unimech Aerospace’s market appeal and the optimistic outlook among investors regarding its listing performance.
About Unimech Aerospace and Manufacturing Limited
Incorporated in 2016, Unimech Aerospace and Manufacturing Limited specializes in high-precision manufacturing for the aerospace and defense sectors. The company is a trusted supplier of complex tools, mechanical assemblies, electro-mechanical systems, and components for aeroengine and airframe production.
Its dedication to precision engineering and quality has positioned Unimech Aerospace as a reliable partner for leading global aerospace companies. With a focus on innovation and excellence, the company is poised for significant growth in the years ahead.
Investment Prospects and Listing Day Outlook
Unimech Aerospace’s strong subscription numbers and soaring GMP suggest that the IPO is likely to deliver substantial listing gains. Retail and institutional investors have demonstrated strong interest, and the high grey market premium reinforces the optimism surrounding the company’s potential.
Important links for further reference:
- Learn more about how IPOs work to make informed investment decisions.
- Stay updated with the latest BSE IPO listings to track upcoming opportunities.
Conclusion
The Unimech Aerospace IPO has captured the market’s attention with its robust demand and impressive grey market premium. With a strong focus on precision manufacturing and a solid reputation in the aerospace sector, Unimech Aerospace presents a compelling investment opportunity.
As the shares are set to debut on December 31, 2024, investors eagerly await the listing day performance, which is expected to reflect the high demand and confidence surrounding this promising IPO.
By capitalizing on the company’s growth potential and market positioning, investors may reap substantial benefits, making the Unimech Aerospace IPO a standout option in the current IPO market.
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