The Unimech Aerospace and Manufacturing IPO, which was open for bidding from December 23 to December 26, garnered significant investor attention. The Bengaluru-based aerospace and defense company offered its shares at a price band of ₹745-₹785 per share with a minimum lot size of 19 shares.
The IPO raised a total of ₹500 crore, split equally between a fresh issue of ₹250 crore and an offer-for-sale (OFS) of ₹250 crore. The strong response to the IPO is reflected in its oversubscription across all investor categories.
Subscription Details
The IPO was oversubscribed 175.31 times overall, with impressive demand across categories:
- Qualified Institutional Buyers (QIBs): Subscribed 317.63 times.
- Non-Institutional Investors (NIIs): Subscribed 263.78 times.
- Retail Investors: Subscribed 56.87 times.
- Employees: Subscribed 97.81 times.
This overwhelming response showcases investor confidence in Unimech Aerospace’s robust business model and growth potential in the defense and aerospace sectors.
Grey Market Premium (GMP)
The Grey Market Premium (GMP) for Unimech Aerospace has risen sharply, reflecting strong investor interest and expected listing gains:
- Latest GMP: ₹630, indicating potential listing gains of 80% over the issue price.
- First-Day GMP: ₹510, showing consistent upward momentum throughout the bidding period.
Allotment and Listing Details
The basis of allotment for the Unimech Aerospace IPO is expected to be finalized on Friday, December 27, 2024. Investors will receive updates about fund debits, IPO mandate revocations, or allotment confirmations via messages, alerts, or emails by Monday, December 30, 2024.
Shares are scheduled to be listed on both the BSE and NSE on Tuesday, December 31, 2024.
How to Check Unimech Aerospace IPO Allotment Status
On BSE Website:
- Visit the BSE website at BSE Allotment Status.
- Select “Equity” under the issue type.
- Choose “Unimech Aerospace and Manufacturing Limited” from the dropdown menu.
- Enter your application number and PAN card ID.
- Complete the captcha and click “Search” to view your status.
On KFin Technologies Portal:
- Visit KFin Technologies’ portal at KFin IPO Status.
- Select “Unimech Aerospace and Manufacturing Limited” from the dropdown menu (available after allotment finalization).
- Choose your preferred search option:
- Application number
- Demat Account number
- PAN ID
- Select ASBA or non-ASBA as the application type.
- Enter the required details, complete the captcha, and click “Submit” to check your status.
About Unimech Aerospace and Manufacturing
Founded in 2016, Unimech Aerospace is a Bengaluru-based company specializing in the manufacturing of complex tools, mechanical assemblies, and electro-mechanical systems. It primarily serves the aerospace and defense sectors, producing components for aeroengine and airframe production.
With a strong focus on advanced manufacturing capabilities, the company is poised to play a key role in India’s growing defense and aerospace ecosystem.
Key IPO Highlights
- Book Running Lead Managers (BRLMs): Anand Rathi Securities and Equirus Capital.
- Registrar: KFin Technologies Ltd., responsible for allotment, electronic credit, and investor-related queries.
- Subscription Period: December 23–December 26, 2024.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are encouraged to consult financial professionals before making investment decisions.
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