Fri Dec 27 04:40:56 UTC 2024: ## Unimech Aerospace IPO Oversubscribed 175 Times on Strong Investor Demand

**Mumbai, India – December 27, 2024** – Unimech Aerospace’s initial public offering (IPO) concluded today with overwhelming investor response, closing 175.31 times oversubscribed. The three-day bidding period saw exceptionally high demand across all categories.

Qualified Institutional Buyers (QIBs) led the charge, with a staggering 317.63 times oversubscription. Non-Institutional Investors (NIIs) followed closely, at 263.40 times oversubscribed. The retail portion garnered a 56.74 times oversubscription, and the employee portion saw 97.81 times oversubscription.

The IPO, managed by Anand Rathi Advisors Ltd and Equirus Capital Private Ltd, comprised a fresh issue of shares worth ₹250 crore and an offer-for-sale (OFS) of up to ₹250 crore. Shares were priced in a range of ₹745-₹785. The company, a provider of high-precision engineering solutions to the aerospace, defense, energy, and semiconductor sectors, had already raised ₹149.5 crore from anchor investors before the IPO opened on December 23rd.

A significant grey market premium (GMP) of ₹630 was observed on Thursday, suggesting a potential listing price of ₹1,415, representing an 80.25% premium over the upper IPO price band. The company is scheduled to list on the BSE and NSE on December 31st. Allotment and refunds will be processed shortly.

Unimech Aerospace’s strong performance during the IPO reflects investor confidence in its growth prospects and position within the niche aerospace and defense sectors. The company boasts impressive revenue and profit growth, as well as a high operating margin. While the high valuation based on FY24 earnings might be a concern for some, several analysts recommend subscribing to the IPO. The listing will be keenly watched by investors.

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