Unimech Aerospace and Manufacturing Ltd Makes Bumper Debut; Lists at 85.99% Premium
Unimech Aerospace and Manufacturing Ltd made a stellar debut on the bourses as the shares of the company listed at ₹1,460 on the NSE, a premium of over 86%. Overall the IPO got subscribed by 175 times.
Unimech Aerospace and Manufacturing Ltd Makes Bumper Debut; Lists at 85.99% Premium
Unimech Aerospace and Manufacturing Ltd made a stellar debut on the bourses as the shares of the company listed at ₹1,460 on the NSE, a premium of over 86%. Overall the IPO got subscribed by 175 times.
Subscription Status and IPO Value
The company raised ₹500 crore via the IPO, which comprises a fresh issue of ₹250 crore and an offer-for-sale of ₹250 crore. While retail investors booked the shares by 57 times, subscriptions by non-institutional investors (NIIs) and qualified institutional buyers (QIBs) stood at 264 times and 318 times respectively.
While expecting a potential listing of 90% premium, Abhishek Pandya, Research Analyst at StoxBox said, “Unimech Aerospace and Manufacturing has generated substantial investor interest. The company is set for a strong debut today.”
What does the company do?
Unimech Aerospace and Manufacturing Ltd is engaged in the manufacturing and supply of critical parts and other precision engineered components for aerospace, defence, energy and semiconductor industries.
