Unimech Aerospace IPO: Unlisted shares of Unimech Aerospace Ltd are trading at Rs 1,395 apiece in the grey market, which is a 77.7% premium over the IPO issue price of Rs 785, indicating a robust listing gain for investors on December 31.
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Unimech Aerospace IPO: The initial public offer (IPO) of Unimech Aerospace and Manufacturing Ltd, which is going to be closed at 5 pm today, December 26, has so far received over 10 times subscription. Till 10:04 am on the final day of bidding on Thursday, the Rs 500-crore IPO got a 10.11 times subscription receiving bids for 4,51,40,086 shares against 44,64,332 shares on offer.
The non-institutional investors (NII) category has received a 13.82 times subscription, while the quota for retail individual investors (RIIs) got subscribed 11.44 times. The category for qualified institutional buyers (QIBs) fetched a 4.89 times subscription.
The IPO was opened on Monday, December 23. It received a 4.05 times subscription on Day 1 and a 9.6 times subscription on Day 2 of bidding.
Unimech Aerospace IPO GMP Today
According to market observers, unlisted shares of Unimech Aerospace Ltd are trading at Rs 1,395 apiece in the grey market, which is a 77.71 per cent premium over the IPO issue price of Rs 785. It indicates a robust listing gain for investors on December 31.
Unimech Aerospace IPO: More Details
The IPO comprises a fresh issue of up to Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore.
The price range of the offer has been fixed at Rs 745-785 per share. For investors, the minimum lot size for an application is 19. So, retail investors requires a minimum investment amount of Rs 14,915 to apply for the IPO. The minimum lot size investment for small NII is 14 lots (266 shares), amounting to Rs 2,08,810, and for big NII, it is 68 lots (1,292 shares), amounting to Rs 10,14,220.
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Shares of the firm will be listed on the BSE and NSE.
The allotment of the IPO will be finalised on December 27, while its listing will take place on December 31.
Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are the book running lead managers to the offer.
Unimech Aerospace is a high-precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, defence, energy and semiconductor industries.
