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Unimech Aerospace IPO: Unlisted shares of Unimech Aerospace Ltd are buying and selling at Rs 1,395 apiece within the gray market, which is a 77.7% premium over the IPO subject worth of Rs 785, indicating a strong itemizing achieve for buyers on December 31.
Unimech Aerospace IPO.
Unimech Aerospace IPO: The preliminary public provide (IPO) of Unimech Aerospace and Manufacturing Ltd, which goes to be closed at 5 pm at this time, December 26, has up to now obtained over 10 instances subscription. Till 10:04 am on the ultimate day of bidding on Thursday, the Rs 500-crore IPO bought a ten.11 instances subscription receiving bids for 4,51,40,086 shares in opposition to 44,64,332 shares on provide.
The non-institutional buyers (NII) class has obtained a 13.82 instances subscription, whereas the quota for retail particular person buyers (RIIs) bought subscribed 11.44 instances. The class for certified institutional consumers (QIBs) fetched a 4.89 instances subscription.
The IPO was opened on Monday, December 23. It obtained a 4.05 instances subscription on Day 1 and a 9.6 instances subscription on Day 2 of bidding.
Unimech Aerospace IPO GMP Today
According to market observers, unlisted shares of Unimech Aerospace Ltd are buying and selling at Rs 1,395 apiece within the gray market, which is a 77.71 per cent premium over the IPO subject worth of Rs 785. It signifies a strong itemizing achieve for buyers on December 31.
Unimech Aerospace IPO: More Details
The IPO contains a recent subject of as much as Rs 250 crore and an offer-for-sale (OFS) of as much as Rs 250 crore.
The worth vary of the provide has been mounted at Rs 745-785 per share. For buyers, the minimal lot measurement for an software is nineteen. So, retail buyers requires a minimal funding quantity of Rs 14,915 to use for the IPO. The minimal lot measurement funding for small NII is 14 tons (266 shares), amounting to Rs 2,08,810, and for giant NII, it’s 68 tons (1,292 shares), amounting to Rs 10,14,220.
Shares of the agency will likely be listed on the BSE and NSE.
The allotment of the IPO will likely be finalised on December 27, whereas its itemizing will happen on December 31.
Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are the e book working lead managers to the provide.
Unimech Aerospace is a high-precision engineering options firm specialising in complicated manufacturing options for the aerospace, defence, vitality and semiconductor industries.
