Kolkata: The GMP, or Grey Market Premium, of Unimech Aerospace IPO has showed a remarkable rise since the day the IPO opened on December 23, when it stood at Rs 510. It remained at that level on the next day and jumped to Rs 610 on December 25. At that level, the GMP indicated a listing gain of 77.71%, since the price of the shares at the upper end of the price band is Rs 785. But it must be kept in mind that GMP is an unofficial benchmark and does not guarantee anything – listing gain or loss and can change with time.
The Unimech Aerospace IPO is designed to raised Rs 500 crore form the market. It is a book-built issue – a combination of fresh issue of 32 lakh shares aggregating to Rs 250 crores and OFS (offer for sale) of 32 lakh shares aggregating to Rs 250.00 crores.
Unimech Aerospace IPO subscription status
Till the end of December 25 – day 2 of the bidding process – Unimech Aerospace IPO was subscribed 9.6 times overall. While the retail segment recorded subscription of 10.89 times, the QIB had 4.89 times of subscription. The NII segment recorded subscription of 12.73 times.
Unimech Aerospace IPO price band, allotment
The Unimech Aerospace IPO price band has been set in the range of Rs 745 and Rs 785 per share. For a retail investor, the minimum investible lot size for an application consists of 19 shares. It will entail an application money of Rs 14,915. On the other hand, for sNII category the minimum lot size investment for has 14 lots (or 266 shares), which will cost Rs 2,08,810. For the bNII category, it is has 68 lots (or 1,292 shares), which will involve an investment of Rs 10,14,220. The allotment of shares for Unimech Aerospace IPO is expected to be done on December 27. The share will be listed on both BSE and NSE on December 31.
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The Unimech Aerospace IPO GMP indicates a bumped listing gain of nearly 78% and the issue has been subscribed nearly 10 times overall till the second day of bidding. The last day of bidding is today, December 26, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
