New Delhi: The Rs 500-crore Unimech Aerospace and Manufacturing Ltd IPO opened for subscription on December 23, 2024 and will close on December 26, 2024. The initial public offering received 6.84 subscription times. In the retail category, the public issue got subscribed 8.06 times, 3.74 times in Qualified Institutional Buyer (QIB), and 8 times in the Non-Institutional Investors (NII) category, as per the latest data available.
Unimech Aerospace IPO, a book built issue of Rs 500 crore, has a fresh issue of up to Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore. The price range for the IPO has been fixed in the range of Rs 745-785 per share.
Unimech Aerospace IPO GMP, allotment
Unimech Aerospace IPO Allotment expected on December 27, 2024
The Refunds process likely to begin on December 30
The shares will be credited to the demat accounts of eligible shareholders on December 30.
The shares will be listed on BSE and NSE with a tentative date on December 31.
According to investorgain, Unimech Aerospace IPO GMP stood at Rs 510 on December 24 morning. With the price band of Rs 785, the shares are expected to be listed at Rs 1295, indicating a gain of nearly 65 per cent.
The retail investors are required to bid for a minimum lot of 19 shares for which the minimum amount of investment required is Rs 14,915. The investors applying in NII portion are required to bid for a minimum size of 14 lots and bNII category applicants are mandated to apply for 68 lots.
The book running lead managers of the Unimech Aerospace IPO are Anand Rathi Securities Limited and Equirus Capital Private Limited. Kfin Technologies Limited is the registrar for the issue.
Unimech Aerospace is a global high precision engineering solutions company specialising in manufacturing of complex products for the aerospace, defence, energy and semiconductor industries.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Unimech Aerospace IPO GMP signals that the shares are expected to be listed with nearly 65 per cent gains. The IPO closes for subscription on December 26, 2024. The price range is fixed at Rs 745-785 per share. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
