The Unimech Aerospace IPO has been generating significant attention as it gears up for its public subscription closing today, December 26, 2024. This initial public offering (IPO) is attracting investors with strong grey market premium (GMP) activity and an impressive subscription status. Here’s everything you need to know about the Unimech Aerospace IPO, including its subscription status, GMP, and what to expect in the coming days.
Unimech Aerospace IPO: Price Band and Subscription Details
Unimech Aerospace IPO opened for subscription on December 23, 2024, and is available at a price band of Rs 745-785 per share, with a lot size of 19 shares. The IPO is set to close for public subscription today, December 26, 2024, making it a critical period for potential investors looking to grab a stake in the aerospace company.
Unimech Aerospace IPO GMP Today
Unimech Aerospace’s unlisted shares are commanding a robust grey market premium (GMP), reflecting the strong demand from investors. As of today, Unimech Aerospace IPO GMP stands at Rs 630, or 80.25% premium against the upper end of the IPO price band (Rs 785). The unlisted shares are being quoted at Rs 1,415 apiece, showing significant interest in the company. This level of GMP indicates the high expectations surrounding the company’s market debut.
Unimech Aerospace IPO Subscription Status
The Unimech Aerospace IPO has seen an overwhelming response from investors, with strong bidding activity across all categories. According to the National Stock Exchange (NSE), the IPO has received bids for 15,64,46,266 shares, against the 47,04,028 shares on offer, leading to an impressive oversubscription of 33.26 times as of 11:45 AM on December 26, 2024.
Breaking down the investor categories:
- Non-Institutional Investors (NIIs) have placed the highest bids, oversubscribing their category by an incredible 78.51 times.
- Retail Individual Investors (RIIs) followed closely with a 25.22 times oversubscription.
- Qualified Institutional Buyers (QIBs) showed strong interest as well, with an oversubscription of 13.17 times.
This strong subscription status suggests that investors have high confidence in Unimech Aerospace’s future prospects.
Unimech Aerospace IPO Review: Analyst Sentiment
Unimech Aerospace has received favorable reviews from leading brokerages, including BP Wealth, InCred Equities, and Ventura Securities. Analysts are generally optimistic about the company’s growth potential, recommending investors to subscribe to the IPO. The positive outlook is fueled by Unimech Aerospace’s strong foothold in the aerospace, defence, energy, and semiconductor industries, with products ranging from aero tooling to precision-engineered components.
Unimech Aerospace IPO Allotment and Listing Schedule
The Unimech Aerospace IPO will close for subscription today, and the allotment of shares is expected to be finalized on Friday, December 27, 2024. Successful investors will see the shares credited to their demat accounts by Monday, December 30, 2024. The shares are expected to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Tuesday, December 31, 2024.
Unimech Aerospace IPO Objective: What the Company Plans to Do with the Funds
Unimech Aerospace plans to utilize the net proceeds from its fresh issue to fund capital expenditures for expansion. This includes purchasing machinery and equipment and addressing working capital requirements. Additionally, the company intends to invest in its material subsidiary, further enhancing its capabilities. A portion of the funds will also be allocated for general corporate purposes, which is expected to help strengthen the company’s operational growth.
About Unimech Aerospace
Unimech Aerospace and Manufacturing specializes in providing engineering solutions, particularly in the fields of aerospace, defence, energy, and semiconductors. The company manufactures and supplies a wide range of components, including aero tooling, ground support equipment, electromechanical sub-assemblies, and precision-engineered components.
Unimech Aerospace employs two manufacturing approaches:
- Build-to-Print: Where products are manufactured according to client designs.
- Build-to-Specifications: Where products are designed and produced based on specific client requirements.
The company’s diverse product portfolio and strong industry expertise make it an attractive proposition for investors.
For more updates on Unimech Aerospace IPO, keep an eye on the latest news as it becomes available, including GMP trends and final subscription details.
FAQs About Unimech Aerospace IPO
1. What is the price band for the Unimech Aerospace IPO?
The price band for the Unimech Aerospace IPO is set at Rs 745-785 per share, with a lot size of 19 shares.
2. What is the Unimech Aerospace IPO GMP today?
As of December 26, 2024, the Unimech Aerospace IPO GMP stands at Rs 630, indicating an 80.25% premium over the upper end of the IPO price band. The unlisted shares are being quoted at Rs 1,415 apiece in the grey market.
3. How has the Unimech Aerospace IPO performed in terms of subscription?
The IPO has received a tremendous response, with an oversubscription of 33.26 times as of 11:45 AM on December 26, 2024. Non-Institutional Investors (NIIs) oversubscribed their category by 78.51 times, while Retail Individual Investors (RIIs) and Qualified Institutional Buyers (QIBs) oversubscribed by 25.22 times and 13.17 times, respectively.
4. When will the Unimech Aerospace IPO allotment and listing take place?
The basis of allotment for the Unimech Aerospace IPO will be finalized on December 27, 2024. Shares will be credited to successful allottees’ demat accounts by December 30, 2024. The listing on the BSE and NSE is scheduled for December 31, 2024.
5. What is the objective of the Unimech Aerospace IPO?
The IPO proceeds will be utilized to fund capital expenditures, purchase machinery and equipment, meet working capital requirements, invest in its material subsidiary, and repay or prepay certain borrowings. A portion of the funds will also be allocated to general corporate purposes.
My name is Akash Yadav, and I am passionate about the world of stock market trading. With over three years of hands-on experience in trading, I have gained a wealth of knowledge and insights into the ever-evolving financial markets.
As a B.Com graduate with a Post Graduate Diploma in Computer Applications (PGDCA), I have combined my educational background with practical trading skills to navigate the complexities of the stock market successfully. My journey in trading has been filled with learning, growth, and numerous experiences that have shaped my understanding of the market dynamics.