Thu Dec 26 20:12:15 UTC 2024: **Unimech Aerospace IPO Oversubscribed by 175 Times, Grey Market Signals High Listing Price**

MUMBAI, INDIA – Unimech Aerospace’s initial public offering (IPO) concluded on December 26th, significantly oversubscribed across all investor categories. The IPO, offering shares priced between ₹745 and ₹785, was oversubscribed by a massive 175.31 times. Qualified Institutional Buyers (QIBs) showed the most enthusiasm, with a 317.63 times oversubscription. Non-Institutional Investors (NIIs) followed closely at 263.40 times, while the retail portion was oversubscribed 56.74 times and the employee portion 97.81 times.

The IPO comprised a fresh issue of ₹250 crore and an offer-for-sale (OFS) of ₹250 crore. Prior to the public offering, Unimech Aerospace raised ₹149.5 crore from anchor investors.

The strong demand is reflected in a robust grey market premium (GMP) of ₹630 on Thursday, suggesting a potential listing price of ₹1,415 – an 80.25% premium over the upper IPO price band.

Unimech Aerospace, a high-precision engineering solutions provider to the aerospace, defense, energy, and semiconductor sectors, is led by Promoters Anil Kumar P (Chairman and Managing Director), Ramakrishna Kamojhala (Whole-time Director, CFO), Mani P (Whole-time Director), Rajanikanth Balaraman (Whole-time Director), and Preetham S V (Whole-time Director). The Promoters hold 88.60% of the pre-offer equity share capital.

Anand Rathi Advisors Ltd and Equirus Capital Private Ltd acted as lead managers for the IPO. Analysts have given positive ratings, citing strong revenue and profit growth, high margins, and a presence in niche sectors as reasons for a “Subscribe” recommendation. However, investors are advised to consult financial advisors before making investment decisions.

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