Thu Dec 26 10:11:12 UTC 2024: ## Unimech Aerospace IPO Oversubscribed, Expected to List on December 31st
**Mumbai, December 26, 2024** – Unimech Aerospace and Manufacturing Limited’s initial public offering (IPO) has concluded today, significantly oversubscribed by investors. The IPO, which offered shares at a price band of Rs 745 to Rs 785, aimed to raise Rs 500 crore through a mix of fresh issue and offer for sale (OFS).
The public issue, which opened on December 23rd, saw remarkable demand, closing with a total subscription of 30.73 times. The retail portion was oversubscribed 23.75 times, while the Non-Institutional Investor (NII) segment reached 72.60 times and the Qualified Institutional Buyer (QIB) segment 11.33 times. Employee subscriptions were an impressive 44.69 times oversubscribed.
The grey market is also reflecting high investor confidence, with unlisted shares trading at Rs 1,415, representing an 80.25% premium over the upper IPO price.
Share allotment is expected by December 27th, with shares credited to demat accounts by December 30th. The company’s shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 31st.
Unimech Aerospace, founded in 2016, manufactures critical components for the aerospace, defense, energy, and semiconductor industries. The company plans to utilize the net proceeds from the fresh issue to fund capital expenditure, working capital requirements, and investments in its subsidiary. Anand Rathi Securities and Equirus Capital are the book-running lead managers for the IPO, with KFin Technologies serving as the registrar.
First Piper 