Fri Dec 27 08:30:00 UTC 2024: ## Unimech Aerospace IPO Oversubscribed 175 Times on Strong Investor Demand

**Mumbai, December 26, 2024** – Unimech Aerospace’s initial public offering (IPO) concluded today with an overwhelming response, closing 175.31 times oversubscribed. The three-day bidding period saw exceptionally strong demand across all investor categories.

Qualified Institutional Buyers (QIBs) led the charge, with their portion oversubscribed a remarkable 317.63 times. Non-Institutional Investors (NIIs) followed closely behind, at 263.40 times oversubscription. Retail investors also showed significant interest, bidding 56.74 times the available shares, while the employee portion was subscribed 97.81 times.

The IPO consisted of a fresh issue of shares worth ₹250 crore and an offer-for-sale (OFS) of up to ₹250 crore. The shares were priced in a range of ₹745-₹785. Prior to the public offering, Unimech Aerospace raised ₹149.5 crore from anchor investors.

The company, a provider of high-precision engineering solutions to the aerospace, defense, energy, and semiconductor sectors, is expected to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 31st. Allotment is expected soon, with refunds to unsuccessful bidders following shortly thereafter.

A strong grey market premium of ₹630 on Thursday suggests a potential listing price of ₹1,415, representing an 80.25% premium over the upper end of the IPO price band. This indicates significant investor optimism regarding the company’s future prospects.

Unimech Aerospace’s impressive growth trajectory, boasting a 139.7% CAGR in revenue between FY2022 and FY2024, and its established relationships with major industry players contributed to the IPO’s success. The company’s strong financial performance, including substantial increases in profit after tax (PAT), further fueled investor confidence. Several analysts have given a “subscribe” rating for the IPO.

The strong oversubscription underscores the market’s confidence in Unimech Aerospace and its position within the high-growth aerospace and defense sectors.

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