The Unimech Aerospace and Manufacturing Limited IPO opened for subscription on December 23, 2024, and will close on December 26, 2024. Investors have just one more day to apply for this highly talked-about IPO. The company has decided on a price range of ₹745 to ₹785 per share, with plans to raise ₹500 crore through this issue. The IPO consists of a combination of newly issued shares and an offer for sale (OFS).
The grey market, which reflects the sentiment of investors before the official listing, is showing strong interest in Unimech Aerospace shares. Market analysts indicate that the grey market premium (GMP) for the Unimech Aerospace IPO is ₹511 today. This suggests that the expected listing price could be around ₹1,296 (₹785 + ₹511). This represents a 65% premium compared to the upper price limit of ₹785.
The bullish trend in the grey market is driven by the strong demand seen in the IPO and positive sentiment toward the aerospace and defense industry, which the company operates in.
Subscription Status
By the morning of the third day of bidding, the IPO had an overall subscription rate of 18.88 times. The retail investor portion has been booked 16.49 times, while the NII segment has been filled an impressive 43.23 times. Meanwhile, the QIB category has seen subscriptions of 4.66 times.
This strong response from investors highlights the confidence in Unimech Aerospace’s business model and growth prospects.
The Unimech Aerospace IPO has attracted significant attention, and the grey market buzz suggests a positive outlook. However, as with any investment, it is essential to do thorough research before making a decision.
