Unimech Aerospace’s IPO gets off to a strong start, subscribed more than 9 times

Unimech Aerospace IPO has received an excellent response from investors. The IPO has received 9.6 times subscription in the first two days. Unimac Aerospace’s IPO is still open and investors can place stakes in it till December 26, 2024.

Great performance in gray market

Share Premium:

• Unimec Aerospace shares are trading at a premium of more than 77% in the gray market.
• The IPO price is ₹785, while the gray market premium (GMP) has reached ₹610.
• Expected Listing Price:
  • ₹1,395 per share.

Listing Date and Exchange:

• Unimec Aerospace shares will be listed on December 31, 2024.
• The shares will be listed on BSE and NSE.

Subscription details

Subscription in different categories of IPO:

• Retail investors: 10.89 times.
• Employees: 16.47 times.
• Non-Institutional Investors (NII): 12.73 times.
• Qualified Institutional Buyers (QIB): 4.89 times.

Total Subscription:

The IPO recorded 9.6 times subscription in the first two days.

Company Introduction

Unimech Aerospace & Manufacturing Limited:

• Established: 2016.
• What does the company do?
  • Manufacture of mechanical assemblies, electro-mechanical systems, and other complex equipment for aeroengine and airframe production.
  • The company’s services are important for the aerospace industry.

Potential profits from listing

• Investors who will be allotted shares can expect returns of more than 77% on the day of listing.
• Unimac Aerospace’s IPO has generated tremendous confidence among investors.