The Unimech Aerospace IPO debut is generating significant buzz as it prepares to list on the BSE and NSE on 31 December 2024. With a robust grey market premium (GMP) and overwhelming investor interest, this IPO is poised for a strong entry into the stock market.
Overview of the Unimech Aerospace IPO Debut
Unimech Aerospace launched its IPO aiming to raise approximately INR 500 crores. The IPO opened for subscription on 23 December 2024 and closed on 26 December 2024. The price band for the shares is set between INR 745 and INR 785 per share, with a face value of INR 5 per equity share. The issue consists of both a fresh issue and an offer for sale, each aggregating to INR 250 crores.
Unimech Aerospace is a global leader in high-precision engineering solutions, focusing on the manufacture of complex products through ‘build to print’ and ‘build to specifications’ models. The company excels in machining, fabrication, assembly, and testing, catering to the aerospace, defense, energy, and semiconductor industries. With a diverse product portfolio that includes tooling and precision components, Unimech has produced nearly 3,000 SKUs since 2022 and serves over 26 customers across seven countries. As of September 2024, it holds an order book valued at INR 80.75 crore.
Anticipated Listing Price Indication from GMP
As of 30 December 2024, the GMP for Unimech Aerospace stands at INR 675 per share. This indicates an anticipated listing price of approximately INR 1,460 per share when combined with the upper end of the IPO price band (INR 785 per share). This represents a potential gain of about 86%, reflecting strong market confidence in the company’s prospects.
Category-wise Subscription Breakup
The Unimech Aerospace IPO listing follows a phenomenal subscription performance:
| Category | Subscription Times |
|---|---|
| Qualified Institutional Buyers (QIB) | 317.63 times |
| Non-Institutional Investors (NII) | 263.11 times |
| Retail Investors | 55.84 times |
| Employees | 95.20 times |
Overall, the IPO was fully subscribed 175.31 times, showcasing robust demand and investor confidence in Unimech Aerospace’s growth trajectory.
Conclusion
The Unimech Aerospace IPO debut is not only marked by its strong GMP but also by exceptional subscription rates across all investor categories. As the listing date approaches, investors and market analysts are keenly observing how this aerospace component manufacturer will perform in the competitive landscape of public offerings. With such positive indicators, the Unimech Aerospace IPO listing promises to be a noteworthy event in the stock market, reflecting investor enthusiasm for innovative companies in emerging industries.
As the shares debut on 31 December 2024, investors should stay attuned to early trading patterns and market trends to maximize potential returns. With its strong foundation and growth-oriented approach, Unimech Aerospace is well-poised to deliver long-term value. For more information related to IPO GMP, SEBI IPO Approval, Live Subscription, stay tuned to IPO Central.
