Thu Dec 26 12:41:13 UTC 2024: ## Unimech Aerospace IPO Oversubscribed Nine Times in First Two Days
**Mumbai, December 27, 2024** – The Initial Public Offering (IPO) of Unimech Aerospace has received an overwhelmingly positive response, closing its first two days over nine times subscribed. The IPO, which opened on December 23rd, 2024, and remains open until December 26th, has seen particularly strong interest from retail investors (10.89 times subscribed) and employees (16.47 times subscribed). Non-institutional investors (NII) also showed significant interest with 12.73 times subscription, while Qualified Institutional Buyers (QIB) subscribed 4.89 times.
The strong demand is reflected in the grey market, where Unimech Aerospace shares are trading at a premium of over 77%, indicating a potential listing price near ₹1395, significantly higher than the IPO price of ₹785. This translates to a potential profit of over 77% for investors allocated shares. The shares are set to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 31st, 2024.
Unimech Aerospace and Manufacturing Limited, established in 2016, manufactures complex tools including mechanical assemblies, electro-mechanical systems, and components for aero-engine and airframe production. The company’s success in attracting investors highlights the growing interest in the aerospace sector.
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