Unimech Aerospace IPO allotment is scheduled for December 27, 2024. This follows the completion of the IPO subscription, which raised ₹500 crore. The issue saw an overwhelming response with a subscription rate of 174.93 times.
Unimech Aerospace and Manufacturing Ltd’s IPO witnessed massive demand, especially on the final day of bidding. Investors placed bids for over 82.28 crore shares, while only 47.04 lakh shares were available for allocation. The price band for the issue was set between ₹745 and ₹785 per share.
Investors who subscribed to the IPO can check their allotment status on the registrar’s official website, KFin Technologies Limited. Additionally, the allotment status can also be verified through the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites.
Unimech Aerospace shares are expected to be listed on both the NSE and BSE on December 31, 2024.
Founded in 2016, Unimech Aerospace and Manufacturing Ltd specialises in the production of high-precision engineering solutions. The company manufactures complex tools, including mechanical assemblies, electro-mechanical systems, and components for aero-engine and airframe production.
Unimech Aerospace is an engineering solutions provider that focuses on manufacturing complex products. It offers “build to print” and “build to specifications” services, involving processes such as machining, fabrication, assembly, and testing. The company caters to industries like aerospace, defence, energy, and semiconductors, offering customized solutions based on the specific needs of its clients.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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