Unimech Aerospace IPO GMP: Stock market watchers report that the company's shares are currently trading on the gray market for a premium of ₹511.
Unimech Aerospace IPO: On December 23, 2024, Unimech Aerospace and Manufacturing Limited launched its initial public offering (IPO), which will run until December 26, 2024. Investors can therefore apply for the mainboard IPO within one day. The Unimech Aerospace IPO price range has been set by the business at ₹745 to ₹785 per share. Through a combination of new shares and an offer for sale (OFS), the firm that manufactures aero-engine components hopes to raise 500 crores.. Investors responded well to the book build offering over the first two days of bidding, according to Unimech Aerospace IPO subscription status.The grey market, meanwhile, is still optimistic about Unitech Aerospace's initial public offering. In today's grey market, shares of Unimech Aerospace and Manufacturing Limited are trading at a premium of ₹511, according to stock market watchers.
Today's Unimech Aerospace IPO GMP
As previously stated, the Unimech Aerospace IPO grey market premium (GMP) is ₹511, indicating that the grey market anticipates the Unimech Aerospace IPO listing price to be approximately ₹1296 (785+511= 1296), approximately 65% higher than the public issue's upper price band (₹785 per share).
According to market watchers, one of the main causes of the bullish views in the grey market is the investors' robust reaction.
Status of Unimech Aerospace's IPO subscription
The book build issue had been subscribed 138.14 times, the retail section of the public issue had been booked 47.14 times, the NII segment had been filled 222.83 times, and the QIB segment had been subscribed 234.72 times by 2:54 PM on the third day of bidding.
Review of Unimech Aerospace's IPO
"The company is bringing the issue at a price band of ₹745-785 per share at a p/b multiple of 52x on a post-issue basis," Hem Securities said, assigning a "buy" rating to the public offering. With manufacturing skills, the organization is a global provider of engineering solutions and high precision.The business has made a name for itself as an authorized supplier to a number of leading companies in the energy, semiconductor, aerospace, and defense industries. In order to meet the unique and evolving demands and requirements of each of its clients with regard to its products, the company has built and has the capacity to further advance its facilities. for the sector to which it delivers goods, enabling it to offer specialized and adapted solutions. Therefore, taking into consideration everything mentioned above, we advise "Subscribe" to the issue.
The public offering has also been tagged as "subscribe" by Marwadi Shares and Finance, which states: "Given the annualized EPS of ₹15.21 for September 24th, the business is expected to list at a P/E of roughly ~52x with a market size of ₹3,992.27 cr, whereas its peers MTAR Technologies Limited,
The P/E ratios of Data Patterns (India) Limited, Paras Defense & Space Technologies Limited, Dynamatic Technologies Limited, and Azad Engineering Limited are roughly ~76x, ~123x, ~144x, ~101x, and ~112x, respectively. Because the company can provide high-precision technical solutions and has superior production skills, we give this IPO a "Subscribe" rating. In addition, it is reasonably priced when compared to its competitors.
Additionally, the book build issue has been placed under the "subscribe" tag by Ajcon Global Services, Arihant Capital Markets, BP Equities, Canara Bank Securities, Eureka Stock & Share Broking Services, GEPL Capital, InCred Equities, INDSEC Securities, KR Choksey Securities, Nirmal Bang, Reliance Securities, SBI Capital Securities, SMIFS, StockEdge, and Ventura Securities.
Details about Unimech Aerospace's IPO
The Unimech Aerospace IPO listing date is most likely December 31, 2024, while the Unimech Aerospace IPO allocation date is most likely December 27, 2024.
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