Thu Dec 26 11:27:11 UTC 2024: ## Unimech Aerospace IPO Oversubscribed, Closes Today

**Mumbai, India** – Unimech Aerospace’s initial public offering (IPO), which opened on December 23rd, is closing today, December 26th. The ₹500 crore IPO, comprising a fresh issue of 3.2 million shares (₹250 crore) and an offer for sale of an equal number of shares, has already been oversubscribed by 9.6 times.

The IPO, listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), has a price band of ₹745-₹785 per share. Retail investors have shown strong interest, subscribing 10.89 times their allocation, while Qualified Institutional Buyers (QIBs) subscribed 4.89 times and High Networth Individuals (HNIs) subscribed 12.73 times. The minimum investment for retail investors is ₹14,915 (19 shares). Allotment is scheduled for December 27th, with listing expected on December 31st.

The grey market premium (GMP) for the IPO is currently at ₹630 per share, suggesting a potential listing price of ₹1415, a significant premium over the upper price band. However, investors are advised to consult a financial advisor before making any investment decisions.

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