The Unimech IPO has garnered significant attention as it reaches its final day of subscription on December 26, 2024. The IPO, with a price band of ₹745 to ₹785 per share, has already been oversubscribed by a whopping 37.62 times. With the issue size set at ₹500 crore, the demand for Unimech Aerospace and Manufacturing Limited shares has far surpassed the available offer, reflecting investor confidence in the company’s prospects.
The Unimech Aerospace IPO comprises both a fresh issue of ₹250 crore and an offer-for-sale (OFS) of ₹250 crore, targeting an overall issue size of ₹500 crore. As of the final day of bidding, Unimech IPO subscription status shows immense interest across various investor categories, making it one of the most highly sought-after public offerings in recent months.
Unimech Aerospace IPO Subscription Status
The subscription levels for the Unimech Aerospace IPO have been extremely high across all investor categories, showcasing strong demand for the shares. Here’s an update on the subscription status as of the final day:
| Category | Shares Offered | Shares Subscribed | Subscription Level |
|---|---|---|---|
| Employees | 20,134 | 10,29,971 | 51.16 times |
| Retail Individual Investors (RIIs) | 47,04,028 | 6,37,05,176 | 27.20 times |
| Non-Institutional Investors (NIIs) | 47,04,028 | 9,28,20,795 | 92.48 times |
| Qualified Institutional Buyers (QIBs) | 13,38,255 | 1,94,09,982 | 14.50 times |
| Overall Subscription | 47,04,028 | 17,69,65,924 | 37.62 times |
As you can see, employee bids reached an impressive 51.16 times, while Non-Institutional Investors (NIIs) subscribed to the shares at 92.48 times the allotted portion. Retail Individual Investors (RIIs) saw strong participation with a subscription level of 27.20 times, and Qualified Institutional Buyers (QIBs) also showed solid demand at 14.50 times their reserved portion. These numbers reflect a highly successful subscription process for Unimech IPO.
Unimech Aerospace IPO GMP Today
As of today, the Unimech Aerospace IPO GMP (Grey Market Premium) stands at ₹40, which is a positive signal for investors. This suggests that the shares of Unimech Aerospace and Manufacturing Limited could list at a premium price. Considering the upper price band of ₹785, the expected listing price of the stock could be around ₹825, indicating an approximate listing gain of 5.1%.
This Unimech IPO GMP further bolsters investor sentiment, as high GMP indicates strong demand for the shares in the grey market, signaling a promising debut for the company on the stock exchange.
Unimech Aerospace IPO Details
| Detail | Information |
|---|---|
| Price Band | ₹745 – ₹785 per share |
| Issue Size | ₹500 crore (₹250 crore fresh issue, ₹250 crore OFS) |
| Bidding Period | December 24 – December 26, 2024 |
| Listing Date | December 31, 2024 |
| Lead Managers | Anand Rathi Advisors Ltd, Equirus Capital Pvt Ltd |
The price band for the IPO is set between ₹745 and ₹785 per share, making it affordable for a wide range of investors. The issue size is ₹500 crore, which will be used to fund various growth initiatives and operational expenses for the company. The Unimech Aerospace IPO is set to list on the stock exchange on December 31, 2024.
What Does Unimech Aerospace Do?
Unimech Aerospace and Manufacturing is a leading provider of engineering solutions and precision-engineered components for various industries, including aerospace, defense, energy, and semiconductors. The company specializes in the manufacturing of critical parts required for defense and aerospace applications, making it a key player in the highly regulated and high-demand defense sector.
Unimech Aerospace has established itself as a trusted manufacturer of high-quality products and components that meet the stringent requirements of the defense and aerospace industries. As global defense spending continues to grow, Unimech is well-positioned to benefit from increasing demand in these sectors.
Unimech’s Competitors
Unimech Aerospace faces stiff competition from other players in the defense and aerospace sectors, including:
- Azad Engineering
- Dynamatic Technologies
- MTAR Technologies
- Paras Defence & Space Technologies
- Data Patterns India
These companies are also involved in manufacturing high-precision parts for the aerospace and defense industries, competing with Unimech Aerospace in the global market.
Conclusion: Should You Invest in Unimech Aerospace IPO?
With the Unimech Aerospace IPO being oversubscribed by 37.62 times and offering a strong GMP, this IPO presents an attractive investment opportunity. The company’s specialization in precision-engineered components for the defense and aerospace sectors positions it well for future growth.
The Unimech IPO has attracted significant investor attention, and its subscription status indicates strong confidence in the company’s prospects. Given its growth potential and positive GMP, Unimech Aerospace could deliver solid returns on listing, making it a promising investment option.
As always, investors should carefully consider their risk tolerance and conduct thorough research before applying for the Unimech Aerospace IPO. Keep an eye on the allotment process and the listing date for updates on your application’s outcome.
