Unimech Aerospace IPO: Unlisted shares of Unimech Aerospace Ltd are trading in the gray market at Rs 1,415 each, an 80.25% premium to the IPO issue price of Rs 785, which investors were told on December 31. indicates a strong advantage in listing for
Unimech Aerospace IPO.
Unimech Aerospace IPO: The initial public offer (IPO) of Unimech Aerospace and Manufacturing Ltd, which closed today on December 26, has received a total subscription of 184.34 times. On the last day of bidding on Thursday, the Rs 500-crore IPO was oversubscribed 184.34 times with 82,29,41,927 shares bid received against 44,64,332 shares on offer.
The non-institutional investors (NII) category has received 277.55 times subscription, while the retail individual investors (RIIs) quota has been subscribed 59.19 times. The Qualified Institutional Buyers (QIBs) category received 334.68 times subscription.
The IPO was opened on Monday, December 23. It received 4.05 times subscription on the first day of bidding and 9.6 times on the second day of bidding.
Unimech Aerospace IPO GMP Today
According to market observers, the unlisted shares of Unimech Aerospace Ltd are trading at Rs 1,415 apiece in the gray market, an 80.25 per cent premium over the IPO issue price of Rs 785.
Unimech Aerospace IPO: More Details
The IPO includes a fresh issue of up to Rs 250 crore and an offer for sale (OFS) of up to Rs 250 crore.
The offer price range has been fixed at Rs 745-785 per share. For investors, the minimum lot size for application is 19. Therefore, retail investors need a minimum investment amount of Rs 14,915 to apply for IPO. The minimum lot size investment for Small NII is 14 lots (266 shares), amounting to Rs.2,08,810, and for Large NII, it is 68 lots (1,292 shares), amounting to Rs.10,14,220. It is Rs.
The shares of the firm will be listed on BSE and NSE.
The allotment of the IPO will be finalized on December 27, while its listing will take place on December 31.
Anand Rathi Advisors Limited and Aquoris Capital Private Limited are the book-running lead managers for the offer.
Unimech Aerospace is a high-precision engineering solutions company specializing in complex manufacturing solutions for the aerospace, defense, energy and semiconductor industries.