The IPO consists of an offer for sale (OFS) of an equal number of shares, also valued at Rs 250 crore, and a new issue of 32 lakh shares, valued at Rs 250 crore.
In order to finance Rs 500 crore, Unimech Aerospace will soon shut for bidding.Fresh issues and OFS, each valued at Rs 250 crore, make up the IPO.
On December 31, 2024, shares will be listed on the BSE and NSE.
The last day for investors to submit bids is today, when the Unimech Aerospace IPO is scheduled to close for subscription. Launched on December 23, 2024, the public offering seeks to raise Rs 500 crore.
The IPO consists of an offer for sale (OFS) of an equal number of shares, also valued at Rs 250 crore, and a new issue of 32 lakh shares, valued at Rs 250 crore.
The initial public offering (IPO) pricing range is Rs 745 to Rs 785 per share. Investors must apply for at least 19 shares in a lot, which equates to a Rs 14,915 minimum investment.
The minimum application size for Small Non-Institutional Investors (sNII) is 14 lots, or 266 shares, and an investment of Rs 2,08,810 is needed. Large Non-Institutional Investors (bNII) are required to submit applications for a minimum of 1,292 shares, or 68 lots, totaling Rs 10,14,220.
GMP AND SUBSCRIPTION STATUS
Investors responded well to the IPO; as of the morning of December 26, 2024, there had been 13.02 subscriptions total. The retail category received 13.16 subscriptions, followed by the qualified institutional buyers (QIB) section with 4.89 and the non-institutional investors (NII) segment with a strong 23.4.
Strong interest has been reflected in the recent considerable increase in the grey market premium (GMP) for Unimech Aerospace's IPO. The most recent GMP as of the morning of December 26 is Rs 610. The anticipated listing price is Rs 1,395 per share, based on the higher price range of Rs 785. This implies that investors might make 77.71%.
Founded in 2016, Unimech Aerospace and Manufacturing Limited is a significant force in the aerospace sector.The business specializes in producing intricate tools, mechanical assemblies, electro-mechanical systems, and parts for the fabrication of aeroengines and airframes.
Due to its emphasis on high-precision production, the company has established itself as a significant supplier to international defense and aerospace firms.
On Friday, December 27, 2024, the Unimech Aerospace IPO share allocation is anticipated to be finalized. After the process is over, investors who applied can use official portals to verify their allotment status.
On Tuesday, December 31, 2024, the shares are expected to list on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
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