Unimech Aerospace & Manufacturing Limited raises ₹149.50 crore from anchor investors, strong performance in gray market

Unimech Aerospace & Manufacturing Ltd has raised ₹149.50 crore from anchor investors ahead of its IPO. This IPO was open to anchor investors on 20 December. The company has allotted 19,05,094 shares to 18 anchor investors at a price of ₹785 per share.

IPO details

• Opening dates (for retail investors): December 23 to December 26.
• Price band: ₹745 to ₹785 per share.
• Lot Size: 19 shares.
  • Minimum investment: ₹14,915.

List of Anchor Investors

Unimec Aerospace’s IPO was participated by a number of leading foreign and domestic investors, including:

• Goldman Sachs.
• India Equity Portfolio.
• ICICI Prudential Transportation.
• Tata India Innovation Fund.
• Motilal Oswal.
• Ashoka India Investment Fund.

Size and objective of IPO

• Total size: ₹500 crore.
• Fresh issue: ₹250 crore (32 lakh shares).
• Offer for Sale: ₹250 crore (32 lakh shares).
• Listing Platform: BSE and NSE.

Unimac Aerospace’s performance in the gray market

Gray Market Premium (GMP):

• Unimac Aerospace’s IPO is trading at the level of ₹ 425 per share.
• Today’s situation: GMP has increased by ₹20.
• This is the highest GMP has ever been, indicating positive interest among investors.

Reservation Details

• Qualified Institutional Buyers (QIBs): 50%.
• Retail investors: At least 35%.
• Non-Institutional Investors (NIIs): At least 15%.