The Unimech Aerospace and Manufacturing IPO allotment status is expected to be finalized today, Friday, December 27, 2024. The public offering, which closed for subscription on Thursday, December 26, 2024, witnessed overwhelming investor demand, being oversubscribed by 175 times.
Once the allotment process is complete, investors can check their status on the official websites of BSE, NSE, or the registrar, Kfin Technologies. To directly check the allotment status, investors can visit the following links:
Unimech Aerospace IPO Subscription Details:
The Rs 500-crore public offering, priced between Rs 745-785 per share with a lot size of 19 shares, saw a massive response. The IPO received bids for a total of 82.46 crore shares, significantly surpassing the 47.04 lakh shares on offer. This resulted in an oversubscription of 175.31 times.
Investor interest was led by Qualified Institutional Buyers (QIBs), who subscribed to 317.63 times their reserved quota. Non-Institutional Investors (NIIs) followed with a subscription of 263.78 times, and Retail Individual Investors (RIIs) subscribed 56.74 times their allocated quota. The Employee Reserved portion was also oversubscribed by 97.81 times.
Unimech Aerospace IPO Grey Market Premium (GMP):
As of today, Unimech Aerospace shares are trading at a grey market premium (GMP) of Rs 630, or 80.25% over the upper end of the IPO price band of Rs 785, according to market sources.
Unimech Aerospace IPO Listing Price Prediction:
Shares of Unimech Aerospace are scheduled to list on the BSE and NSE on Tuesday, December 31, 2024. If the grey market trend continues, the shares may list around Rs 1,415, offering investors a potential return of over 80% on the upper price band of Rs 785. However, investors should note that the grey market is unregulated, and the GMP should not be considered a guaranteed indicator of the final listing price.
About Unimech Aerospace & Manufacturing:
Unimech Aerospace & Manufacturing is a leading global provider of high-precision engineering solutions, specializing in the production of complex components for original equipment manufacturers (OEMs) in the aerospace, defense, energy, and semiconductor industries. Their diverse product portfolio includes engine lifting and balancing beams, assembly and calibration tooling, ground support equipment, airframe assembly platforms, and other precision mechanical and electro-mechanical systems.
With a strong track record of excellence in engineering, Unimech is poised for significant growth as it continues to serve top-tier clients in critical industries.
