Unimech Aerospace and Manufacturing shares closed 5.14% lower at ₹1,385 on the NSE today. Unimech Aerospace stock reached a high of ₹1,485.00 and a low of ₹1,327.75 during today’s trading session. The company made a strong debut today, 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 was open for subscription from December 23 to December 26, 2024, raised ₹500 crore.
The offering included a fresh issue of 32 lakh equity shares worth ₹250 crore and an offer-for-sale (OFS) component valued at ₹250 crore.
The IPO was priced in the range of ₹745 to ₹785 per share. The funds raised will be used for purchasing machinery and equipment, meeting working capital requirements, 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 precision engineering solutions, specialising in manufacturing intricate components for the aerospace, energy, and semiconductor industries.
The company delivers build-to-print and build-to-specifications services, including machining, fabrication, assembly, testing, and product development, customised to meet client needs. Unimech serves top OEMs in the aerospace, aero engines, energy, and semiconductor sectors.
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