Tue Dec 24 11:34:45 UTC 2024: **Unimech Aerospace IPO Oversubscribed on Day 2**

**MUMBAI, December 24, 2024** – The initial public offering (IPO) of Unimech Aerospace and Manufacturing continued its strong performance on its second day, exceeding expectations with significant oversubscription across investor categories. By the close of trading on December 24th, the IPO was subscribed 8.36 times.

The ₹500 crore IPO, which opened on December 23rd and closes on December 26th, saw robust participation from all segments. Retail investors showed strong interest, with the retail portion subscribed 9.62 times by 3:48 PM. Non-institutional investors (NIIs) also heavily participated, with their portion subscribed 10.35 times. Qualified institutional buyers (QIBs) subscribed 4.59 times, and the employee portion saw an impressive 14.27 times subscription.

The IPO comprises a ₹250 crore fresh issue and an equal amount offered for sale by promoters and selling shareholders, including Ramakrishna Kamojhala, Mani P, Rajanikanth Balaraman, Preetham S V, and the promoter group, Rasmi Anil Kumar. The price band is set at ₹745-785 per share, with a lot size of 19 shares. Anand Rathi Securities and Equirus Capital are the lead managers, and KFin Technologies is the registrar. The shares are expected to list on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on December 31st. The strong subscription indicates significant investor confidence in Unimech Aerospace’s future prospects.

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