Fri Dec 27 04:40:58 UTC 2024: ## Unimech Aerospace IPO Oversubscribed 175 Times, Expected to List at 80% Premium

**Mumbai, Dec. 27, 2023** – Unimech Aerospace and Manufacturing Ltd.’s initial public offering (IPO) concluded yesterday with an overwhelming response, exceeding expectations by a significant margin. The ₹500 crore offering was subscribed a staggering 175.31 times, with bids received for 82,46,73,568 shares against the 47,04,028 shares on offer. Demand was particularly strong across all investor categories, with Qualified Institutional Buyers (QIBs) subscribing 317.63 times, Non-Institutional Investors (NIIs) 263.78 times, and retail investors 56.74 times. Employee subscriptions also saw significant interest at 97.81 times oversubscription.

Share allotment is scheduled for today, December 27th, and successful bidders can check their allotment status online through the websites of BSE, NSE, and Kfin Technologies Ltd. Shares are expected to be credited to Demat accounts on December 30th, with refunds to unsuccessful applicants issued on the same day. The company’s shares are set to list on the NSE and BSE on December 31st.

A robust grey market premium (GMP) of ₹630, as of this morning, indicates a potential listing price of ₹1415 per share, representing an 80.25% premium over the IPO price. While GMP is speculative and not an official price, it reflects strong investor sentiment. The company plans to utilize the IPO proceeds for capital expenditure on new machinery and equipment, working capital, investment in material subsidy, expansion, debt repayment, and general corporate purposes.

Unimech Aerospace and Manufacturing Ltd. specializes in manufacturing complex tooling, electro-mechanical systems, and precision components for the aerospace, energy, and semiconductor industries. Investors are cautioned that IPOs carry inherent market risks, and it’s advisable to consult with financial advisors before investing.

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