Unimech Aerospace's initial public offering (IPO) received bids 37.62 times the issue size, with 17,69,65,924 shares subscribed against 47,04,028 shares offered so far on the third and last day bidding process i.e. December 26. The issue was fully subscribed across all categories, including Employees, Retail Individual Investors (RIIs), and Non-Institutional Investors (NIIs).

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By 11:57 am, employee bids had reached 51.16 times with 10,29,971 shares subscribed against 20,134. RIIs and NIIs had applied for 6,37,05,176 shares and 9,28,20,795 shares, respectively, representing subscription levels of 27.20 times and 92.48 times.

Meanwhile, Qualified Institutional Buyers (QIBs) had applied for 1,94,09,982 shares or 14.50 times their allotted portion of 13,38,255 shares.

The IPO comprises a fresh issue of Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore.

The company has fixed the price band between Rs 745 and Rs 785 per share. The book-running lead managers (BRLMs) of the issue are Anand Rathi Advisors Ltd and Equirus Capital Private Ltd. Unimech Aerospace is scheduled to debut on the stock exchange on Tuesday, December 31, 2024.

Who are Unimech's competitors?

Major peers in the industry and market are Azad Engineering, Dynamatic Technologies, MTAR Technologies, Paras Defence & Space Technologies, and Data Patterns India.

What does Unimech Aerospace do?

Unimech Aerospace and Manufacturing is an engineering solutions company specialising in the design and manufacturing of critical parts and other precision-engineered components for the aerospace, defence, energy, and semiconductor industries.