Unimech Aerospace IPO Day 1: Unimech Aerospace IPO, opened for bidding today, December 23, and has already gained strong traction in the grey market. A mainboard issue, Unimech Aerospace is a book build issue of Rs 500 crore, with price band set between Rs 745 to Rs 785 per share.
Here’s everything you need to know before you decide to apply:
Unimech Aerospace IPO – Grey Market Premium (GMP)
Shares of Unimech Aerospace are currently commanding a premium of Rs 482 in the grey market, suggesting that the stock could debut at a significant markup compared to its IPO price.
With an expected listing price of Rs 1,265 per share, indicating a gain of over 61.15 per cent from the upper end of the IPO price band, which is Rs 785.
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Unimech Aerospace IPO – Subscription Status
The IPO opened for bidding today, December 23 and is set to close its bidding window on December 26.
As of the first day, the issue is subscribed 1.33 times, with a notable 2.04 times subscription in the retail category so far. However, there is no subscription yet in the QIB category.
What Does the IPO Offer?
A book-built issue worth Rs 500 crores, it consists of a fresh issue of 0.32 crore shares amounting to Rs 250 crores and an offer for sale of 0.32 crore shares also worth Rs 250 crores.
After the closure of the IPO bidding window, it is expected that the allotment of the shares is scheduled to be finalised on December 27 and listing on December 31.
Key Risk Factors to Consider
The company, in the DRHP filed before the opening of the issue, highlighted the risk factors in the segment and wrote,
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