Thu Dec 26 12:41:14 UTC 2024: ## Unimech Aerospace IPO Oversubscribed by 184 Times
**Mumbai, December 26** – The initial public offering (IPO) of Unimech Aerospace and Manufacturing Ltd. concluded today with an overwhelming response, receiving bids 184.03 times the number of shares offered. The ₹500 crore IPO, which opened on December 23rd, saw strong demand across all investor categories.
Non-institutional investors (NIIs) subscribed 277.19 times their allotted quota, while retail individual investors (RIIs) subscribed 58.73 times. Qualified institutional buyers (QIBs) showed the highest interest, with a staggering 334.68 times subscription.
The IPO comprises a fresh issue of ₹250 crore and an offer-for-sale (OFS) of an equal amount. Shares were priced in the range of ₹745-₹785.
Grey market premiums indicate strong investor confidence, with unlisted shares trading at ₹1,415, representing an 80.25% premium over the IPO price. This suggests a potentially robust listing on December 31st, when the shares are expected to debut on the BSE and NSE. Allotment is scheduled for December 27th.
Unimech Aerospace, a high-precision engineering solutions provider to the aerospace, defence, energy, and semiconductor sectors, is expected to benefit from the strong investor sentiment. Anand Rathi Advisors Ltd and Equirus Capital Private Ltd acted as the book running lead managers for the IPO.
First Piper 