IPO Market Buzz: Unimech Aerospace Soars 175x, Anya Polytech Takes Off and Identical Brains Studios Lists at a 76% Premium

Investors had their hands full today, bidding on two exciting initial public offerings (IPOs)—one from the mainboard and another from the small and medium enterprise (SME) sector. With a stellar debut on the NSE SME platform, investor sentiment remained high as attention also shifted towards the finalization of share allotment status for three prominent mainboard IPOs.

Here’s a look at the key highlights from the IPO market on Thursday:

Unimech Aerospace IPO Oversubscribed Nearly 175 Times

The ₹500-crore IPO of Unimech Aerospace and Manufacturing Ltd attracted massive investor interest, with the issue oversubscribed by 174.71 times on its final day of bidding. A staggering 82.18 crore shares were bid for, compared to just 47.04 lakh shares on offer.

Key subscription details:

• Non-Institutional Investors (NIIs): Oversubscribed by 263.11 times.
• Retail Investors: Oversubscribed by 55.84 times.
• Qualified Institutional Buyers (QIBs): Oversubscribed by 317.63 times.
• Employee Allocation: Booked 95.2 times.

The IPO consists of a fresh issuance and an offer-for-sale (OFS) of 32 lakh shares each, with the price band set between ₹745 and ₹785. Unimech Aerospace specializes in high-precision engineering solutions, and its shares are set to list on the BSE and NSE on December 31.

Anya Polytech IPO Off to a Strong Start

The ₹44.8-crore SME IPO of Anya Polytech and Fertilizers Ltd had a strong debut, getting fully subscribed within hours of launch. The issue received an overall subscription of over 12 times by the end of day one.

Subscription breakdown:

• Retail Investors: Subscribed 20.77 times.
• Non-Institutional Investors (NIIs): Subscribed 7.89 times.
• Qualified Institutional Buyers (QIBs): No bids.

This IPO, which is entirely a fresh issue of 3.2 crore shares, has a price band set between ₹13 and ₹14 per share, with a lot size of 10,000 units. The issue will close on December 30, and shares are expected to list on the NSE Emerge platform on January 2, 2025.

Share Allotment Updates

Investors are eagerly awaiting the allotment of shares for three mainboard IPOs—Carraro India Ltd, Ventive Hospitality Ltd, and Senores Pharmaceuticals Ltd.

• Allotment: Finalized by December 26 evening.
• Demat Credit: Shares will be credited to successful bidders’ accounts by December 27.
• Refunds: Initiated on the same day for unsuccessful bidders.

The shares of these companies are set to be listed on BSE and NSE on December 30.

Identical Brains Studios Lists with a Bang

The Identical Brains Studios Ltd IPO, a small-ticket ₹19.95-crore issue, made a sensational debut today on the NSE Emerge platform, with shares listing at a 76% premium.

Key highlights:

• Subscription: The IPO was oversubscribed by an astonishing 544.36 times.
• Listing Price: Shares opened at ₹95, compared to the issue price of ₹54.
• Listing Gains: Investors who applied for the minimum lot of 2,000 shares stood to gain approximately ₹82,000 on listing day.
• Closing Price: Shares closed at ₹99.75, marking a 5% gain from the listing price.

The VFX services provider’s successful debut signals investor optimism in the SME segment, making it a standout IPO in the current market.

The IPO market remains highly dynamic, with investors keeping a close eye on upcoming IPOs and allotments, as market sentiment continues to build around these new listings.