Fri Dec 27 07:00:00 UTC 2024: ## Unimech Aerospace IPO Closes Today After Overwhelming Investor Response

**Mumbai, December 26, 2024** – The initial public offering (IPO) of Unimech Aerospace, a leading aerospace components manufacturer, is set to close today, December 26, 2024. The IPO, which opened on December 23, has already seen an extraordinary response, exceeding expectations with a total subscription of 13.02 times.

The Rs 500 crore IPO, comprising a fresh issue and an offer for sale, priced shares between Rs 745 and Rs 785. Strong demand is evident across investor categories, with retail investors subscribing 13.16 times, qualified institutional buyers (QIBs) 4.89 times, and non-institutional investors (NIIs) a remarkable 23.4 times.

The grey market premium (GMP) has surged to Rs 610, suggesting a potential listing price of Rs 1,395 per share – a potential gain of 77.71% for investors based on the upper price band.

Unimech Aerospace, established in 2016, specializes in high-precision manufacturing of complex tools and components for the aerospace and defence industries. The company serves major global players in the sector.

Share allotment is expected on December 27, 2024, with shares scheduled to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 31, 2024. Investors can check their allotment status through official channels after the allotment is finalized.

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