December 26, 2024
New Delhi, India
Unimech Aerospace IPO
The initial public offering (IPO) of Unimech Aerospace and Manufacturing Limited is set to close for subscription today, December 26, 2024. Opening on December 23, the IPO seeks to raise ₹500 crore, with a fresh issue of 32 lakh shares worth ₹250 crore and an offer for sale (OFS) of an equal number of shares, also valued at ₹250 crore.
Key Details of the IPO:
- Price Band: ₹745–₹785 per share
- Lot Size: Minimum application of 19 shares (₹14,915)
- sNII Requirement: Minimum 14 lots (266 shares, ₹2,08,810)
- bNII Requirement: Minimum 68 lots (1,292 shares, ₹10,14,220)
Investor Response and Grey Market Premium:
The IPO has received a robust response, with an overall subscription of 13.02 times as of the morning of December 26:
- Retail Investors: Subscribed 13.16 times
- Qualified Institutional Buyers (QIBs): Subscribed 4.89 times
- Non-Institutional Investors (NII): Subscribed 23.4 times
The grey market premium (GMP) has surged to ₹610, reflecting strong demand. Based on the upper price band of ₹785, the projected listing price is ₹1,395, indicating a potential gain of 77.71% for investors.
About Unimech Aerospace:
Founded in 2016, Unimech Aerospace is a prominent player in the aerospace sector, specializing in:
- Manufacturing complex tools
- Producing mechanical and electro-mechanical assemblies
- Crafting aeroengine and airframe components
The company’s expertise in high-precision manufacturing has earned it recognition as a supplier to global aerospace and defense organizations.
Important Dates:
- Allotment Finalization: December 27, 2024
- Listing Date: December 31, 2024 (on BSE and NSE)
Unimech Aerospace’s expansion into advanced manufacturing positions it as a key contributor to the aerospace industry’s growth, with this IPO marking a significant milestone in its journey.
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