Unimech Aerospace listing: Shares list at stellar premium of 90%

After drawing huge investor, shares of Unimech Aerospace made their debut on the D-Street on Tuesday. On the BSE, shares of the aerospace and defence company listed at a whopping premium of nearly 90 per cent at Rs 1,491 per share, while on the NSE it debuted at Rs 1,460, a premium of 85.99 per cent.

Zee Business Managing Editor Anil Singhvi giving out his listing preview for the counter said, " the issue received strong investor response"

After recommending a 'Subscribe' on the issue for the long term, he expected the stock to list above Rs 1,400, estimating the listing price range between Rs 1,450- Rs 1,500 against the issue price of Rs 785.

Further, post-listing of the stock, short-term investors can keep stoploss near Rs 1,300 and keep trailing, while long term investors can continue to hold the stock.

Unimech Aerospace IPO subscription

The company during the issue drew humongous response with oversubscitpion at 175.31 times led by the Qualified Institutional Buyer (QIB) investor category bidding for 317.63 times the bids on offer for them,

Unimech Aerospace IPO details 

The Rs 500 crore issue comprised a fresh issue of 32 lakh equity shares worth Rs 250 crore and an offer-for-sale (OFS) component of equal number of shares worth Es 250 crore. The issue remained open for public subscription between December 23 and closed on December 26. The issue price band was set at Rs 745 to Rs 785 per share while the IPO allotment was fixed on December 28.