Tue Dec 24 09:52:23 UTC 2024: **Unimech Aerospace IPO Oversubscribed on Day 2**

**MUMBAI, INDIA (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 midday on December 24th, the IPO was subscribed 6.38 times, exceeding the 3.82 times subscription rate at the end of day one.

The ₹500 crore IPO, priced between ₹745 and ₹785 per share, comprises a ₹250 crore fresh issue and an equal amount offered for sale by promoters and existing shareholders. Individual investors showed strong interest, with the retail portion subscribed 7.52 times by midday. Non-institutional investors (NIIs) also heavily subscribed to the IPO at 7.38 times, while the Qualified Institutional Buyer (QIB) portion reached 3.55 times subscription. Employee participation was particularly robust, with an 11.58 times oversubscription.

The IPO opened on December 23rd and will close on December 26th, with shares expected to list on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) on December 31st. Anand Rathi Securities and Equirus Capital are the lead managers, and KFin Technologies is the registrar. The strong subscription levels suggest significant investor confidence in Unimech Aerospace and Manufacturing’s future prospects.

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