The IPO of Unimech Aerospace and Manufacturing Ltd. begins today, December 23. This is a mainboard IPO where the company plans to raise ₹500 crore through a combination of new equity shares and an Offer-for-Sale (OFS). The shares will be available for trading on both BSE and NSE once the IPO concludes.
Key IPO Details:
- Price Band: ₹745 to ₹785 per share
- Issue Size: ₹500 crore
- Fresh Issue: ₹250 crore
- Offer-for-Sale (OFS): ₹250 crore
- Lot Size: 19 shares
- IPO Dates:
- Opens: December 23
- Closes: December 26
- Allotment Date: December 27
- Listing Date: December 31
- Minimum Investment: ₹14,155 (based on the upper price band)
Subscription Status:
On the first day of bidding, the IPO was subscribed 0.10 times overall. The retail portion was subscribed 0.13 times, showing some early interest from individual investors. The Non-Institutional Investor (NII) category also saw similar participation, with 0.13 times subscription.
Unimech Aerospace shares are performing strongly in the grey market, trading at a premium of ₹482 per share. This means the grey market price of the stock is ₹1,267, which is 61% higher than the upper-end IPO price of ₹785 per share. A high GMP often reflects strong investor demand and suggests that the stock might see a positive listing on the stock exchanges.
About the Company:
Unimech Aerospace is a leading manufacturer of high-precision tools and systems for industries like aerospace, defense, energy, and semiconductors. The company’s products include complex tools, mechanical assemblies, and electro-mechanical systems. It caters to both domestic and international markets, showcasing its expertise in precision engineering and manufacturing.
Investors are showing strong interest in the IPO, as reflected in the high GMP. Unimech Aerospace operates in the growing aerospace and defense sectors, which have strong long-term potential. However, before investing, it is essential to understand the risks and evaluate whether the company aligns with your investment goals.
The Unimech Aerospace IPO is an exciting opportunity for investors, especially those looking for exposure to the aerospace and defense sectors. With its robust grey market performance and plans for business expansion, the IPO might attract significant interest. Investors should make decisions based on thorough research and their risk tolerance.
