Unimech Aerospace and Manufacturing Ltd, a leading provider of aerospace engineering and manufacturing solutions, is set to finalize the allotment of its much-anticipated ₹500-crore IPO on Friday, December 27. The shares are scheduled to debut on the BSE and NSE on December 31, capping a highly successful subscription period from December 23 to December 26.
IPO Attracts Massive Oversubscription
The IPO garnered overwhelming demand, being oversubscribed by 175 times, reflecting strong investor confidence. The price band for the issue was set between ₹745 and ₹785 per share.
- Qualified Institutional Buyers (QIBs) subscribed to a staggering 317.63 times their reserved portion.
- Non-Institutional Investors (NIIs) followed suit, with subscriptions reaching 264 times.
- Retail investors subscribed their allocation 56.74 times over.
How to Check IPO Allotment Status
Investors can verify their allotment status via the BSE website or through KFin Technologies, the official IPO registrar:
On the BSE Website:
- Visit the BSE IPO allotment page.
- Select “Equity” as the issue type.
- Choose “Unimech Aerospace and Manufacturing Ltd” from the dropdown.
- Enter your application number or PAN.
- Click “Search” to view your status.
On KFin Technologies Website:
- Visit the KFin Technologies IPO page.
- Select “Unimech Aerospace and Manufacturing Ltd” from the dropdown.
- Enter your PAN, application number, or DP/Client ID.
- Click “Submit” to check your status.
Shares will be credited to the demat accounts of successful applicants, while refunds will be processed for unsuccessful bidders.
Key IPO Details
Ahead of the public offering, Unimech Aerospace raised ₹149.5 crore from anchor investors by allotting 19.05 lakh shares at ₹785 each.
The IPO consisted of:
- A ₹250 crore fresh issue, with proceeds earmarked for machinery acquisition, working capital funding, debt repayment, and general corporate purposes.
- A ₹250 crore Offer-for-Sale (OFS) by existing shareholders.
About Unimech Aerospace
Founded in 2016, Unimech Aerospace specializes in the engineering and manufacturing of complex tools, including mechanical assemblies, electro-mechanical systems, and components for aero engines and airframes. With expertise in “build-to-print” and “build-to-specifications” engineering solutions, the company has positioned itself as a critical supplier to the aerospace and defense sectors.
The IPO’s robust performance underscores investor optimism about Unimech’s growth trajectory and strategic focus in the high-demand aerospace sector.
