Unimech Aerospace, a well-known company in the aerospace industry, is ready to launch its Initial Public Offering (IPO) on December 23, 2024. The public issue will remain open for bidding until December 26, 2024, giving investors three days to participate. This IPO is an exciting opportunity for both retail and institutional investors.
IPO Details
The Unimech Aerospace IPO aims to raise ₹500 crore, which includes a mix of fresh equity shares and an Offer for Sale (OFS) by existing shareholders. The company has set the price band at ₹745 to ₹785 per share. Investors can apply for the IPO in lots, with each lot comprising 19 shares, making the minimum investment ₹14,155.
As per market reports, Unimech Aerospace’s shares are currently trading at a GMP of ₹406. This indicates strong interest and positive sentiment among investors in the grey market.
Important Dates to Remember
- IPO Open Date: December 23, 2024
- IPO Close Date: December 26, 2024
- Allotment Date: December 27, 2024
- Listing Date: Likely by the end of December 2024
Registrar and Listing
The IPO registrar is KFin Technologies Limited, which will handle the share allotment process. Once allotted, shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Investors can apply for the Unimech Aerospace IPO through online trading platforms or designated brokers. The process is straightforward and can be finished in just a few minutes. Ensure that you have an active Demat account to hold the shares.
While the Unimech Aerospace IPO shows promise, investors should carefully evaluate the risks involved. It is recommended to study the company’s financials, future growth plans, and market conditions before investing. Seeking guidance from a financial advisor is always a smart choice.
Unimech Aerospace’s IPO offers a great chance for investors to participate in the growth of a reputed aerospace company. With its strong fundamentals, global presence, and growth-focused plans, the company is well-positioned to deliver value to its shareholders. Keep an eye on the IPO opening date and act fast to secure your application.
