The IPO lot size for Unimech Aerospace is 19 shares, and the price range is established at ₹745 to ₹785 per share. The company intends to raise ₹500 crore at the top end of the book-built issue price range, which consists of ₹250 crore worth of OFS and fresh issue.
Unimech Aerospace IPO: Today, Dalal Street will see the first public offering (IPO) of technical solutions company Unimech Aerospace and Manufacturing Ltd. The Unimech Aerospace IPO, which is valued at ₹500 crore, is a mainboard IPO, and the company's equity shares will be listed on the BSE and NSE stock exchanges.Complex tools such as mechanical assembly, electromechanical systems, and parts for the fabrication of aeroengines and airframes are produced by Unimech Aerospace and Manufacturing. The aerospace, defense, energy, and semiconductor industries are among the clientele of the engineering solutions provider.
Status of Unimech Aerospace's IPO subscription
By 2:24 PM on the first day of bidding, 2.24 reservations had been made for the public issue, 2.92 reservations had been made for the retail portion of the book build issue, and 2.23 reservations had been made for the NII segment.
GMP for Unimech Aerospace's IPO The shares of Unimech Aerospace and Manufacturing are now showing a substantial grey market premium (GMP) and a bullish trend in the unlisted market. The Unimech Aerospace IPO GMP today is ₹482 per share, according to stock market watchers. This indicates that shares of Unimech Aerospace are trading ₹482 higher on the gray market than they were at issue.
According to Unimech Aerospace IPO GMP, the stock is currently selling on the gray market for ₹1,267 per share, which is more than 61% more than the IPO price of ₹785.
Details about Unimech Aerospace's IPO
Today, December 23, marks the start of the Unimech Aerospace IPO bidding, which ends on Thursday, December 26. The IPO listing date is probably December 31, and the IPO allocation is anticipated to be finalized on December 27. The BSE and NSE will list shares of Unimech Aerospace.
The IPO lot size for Unimech Aerospace is 19 shares, and the price range is established at ₹745 to ₹785 per share. Retail investors must make a minimum investment of ₹14,915. By combining a new issue of 31.84 lakh equity shares totaling ₹250 crore with an offer-for-sale (OFS) component of an equivalent number of shares, the business intends to raise ₹500 crore at the top end of the price range of the book-built issue.
Ahead of its IPO opening tomorrow, the business has already received ₹149.5 crore from anchor investors. On Friday, December 20, Unimech Aerospace distributed 19,05,094 equity shares to the 18 anchor investors at a price of ₹785 per share.
The net issuance proceeds will be used by the company for general corporate purposes, working capital needs, capital expenditure finance, and investment in the key subsidiary.
Kfin Technologies is the IPO registrar, and Anand Rathi Securities and Equirus Capital are the book running lead managers for the Unimech Aerospace IPO.
Unimech Aerospace IPO Review: Unimech Aerospace and Manufacturing Ltd. is a specialized manufacturer of precision components and aero tools used in the semiconductor, energy, defense, and aircraft maintenance, repair, and overhaul (MRO) sectors. The majority of analysts have advised subscribing to the Unimech Aerospace IPO due to its favorable future prospects and lower values when compared to its competitors.
"The company is valued at an FY25 annualized P/E multiple of 51.6x on post issue capital at the upper price band of ₹785, which is lower than its peers. SBI Securities stated, "We advise investors to purchase the issue at the cut-off price."
According to Abhishek Pandya, Research Analyst at StoxBox, the company had a backlog of orders of ₹807.52 million as of September 2024, with delivery windows varying from 4 to 16 weeks.
In comparison to its rivals, the issue is valued at a price-to-earnings (P/E) ratio of 59.3x on the top price range based on FY24 profits. We suggest a "SUBSCRIBE" rating for this issue in light of the company's impressive financial performance, industry tailwinds, and appealing value," Pandya stated.
The net issuance proceeds will be used by the company for general corporate purposes, working capital needs, capital expenditure finance, and investment in the key subsidiary.
Kfin Technologies is the IPO registrar, and Anand Rathi Securities and Equirus Capital are the book running lead managers for the Unimech Aerospace IPO.
Unimech Aerospace IPO Review: Unimech Aerospace and Manufacturing Ltd. is a specialized manufacturer of precision components and aero tools used in the semiconductor, energy, defense, and aircraft maintenance, repair, and overhaul (MRO) sectors. The majority of analysts have advised subscribing to the Unimech Aerospace IPO due to its favorable future prospects and lower values when compared to its competitors.
"The company is valued at an FY25 annualized P/E multiple of 51.6x on post issue capital at the upper price band of ₹785, which is lower than its peers. SBI Securities stated, "We advise investors to purchase the issue at the cut-off price."
According to Abhishek Pandya, Research Analyst at StoxBox, the company had a backlog of orders of ₹807.52 million as of September 2024, with delivery windows varying from 4 to 16 weeks.
In comparison to its rivals, the issue is valued at a price-to-earnings (P/E) ratio of 59.3x on the top price range based on FY24 profits. We suggest a "SUBSCRIBE" rating for this issue in light of the company's impressive financial performance, industry tailwinds, and appealing value," Pandya stated.
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