Unimech Aerospace and Manufacturing shares made a strong debut on December 31, 2024, listing at ₹1,460 on the NSE, rising 86% from its IPO issue price of ₹785, reflecting positive investor sentiment.
The Unimech Aerospace IPO, which opened for subscription on December 23 and closed on December 26, had its allotment finalised on December 27.
The ₹500 crore IPO consisted of a fresh issue of 32 lakh equity shares worth ₹250 crore and an offer-for-sale (OFS) component of shares valued at ₹250 crore. The price band for the IPO was set between ₹745 and ₹785 per share.
Unimech Aerospace plans to utilise the IPO funds for acquiring machinery and equipment, meeting working capital needs, repaying or prepaying certain loans, and covering general corporate expenses.
The Unimech Aerospace IPO saw an impressive subscription of 175.31 times, with bids for 82.46 crore equity shares received, compared to the 47.04 lakh shares offered.
The retail investor portion was subscribed 56.74 times, while the Non-Institutional Investors (NII) category was oversubscribed 263.78 times.
The Qualified Institutional Buyers (QIB) category received 317.63 times subscriptions, and the Employee portion was subscribed 97.81 times.
Unimech Aerospace and Manufacturing Ltd is a global provider of high-precision engineering solutions, specialising in the production of complex components for the aerospace, energy, and semiconductor industries. The company offers build to print and build to specifications services, encompassing machining, fabrication, assembly, testing, and product development tailored to client requirements. Unimech’s clientele includes leading OEMs in aerospace, aero engines, energy, and semiconductor sectors.
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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