Mon Dec 23 14:42:22 UTC 2024: ## Unimech Aerospace IPO Opens, Grey Market Shows Strong Interest

**MUMBAI, December 23, 2024** – Unimech Aerospace, a manufacturer of mechanical assemblies and electro-mechanical systems for aero-engines and airframes, launched its initial public offering (IPO) today. The IPO, totaling ₹500 crore, will remain open until December 26th, with shares priced at ₹785 each. The company’s shares are expected to list on the NSE and BSE on December 31st.

The IPO has generated significant buzz in the grey market, where shares are trading at a premium of over 60%, indicating a potential listing price of ₹1265. This represents a potential gain of over 61% for investors who are allocated shares. Allotment of shares will be finalized on December 27th.

Retail investors can bid for a minimum of one lot (19 shares, costing ₹14,915) and a maximum of 13 lots. Unimech Aerospace, founded in 2016, has already raised ₹149.5 crore through its anchor book. Promoters currently hold a 91.83% stake in the company. The strong grey market premium suggests significant investor confidence in the company’s future prospects.

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