As 2024 draws to a close and 2025 dawns, the Indian stock market is set to witness its final IPO listing of the year tomorrow (December 31) – Unimech Aerospace. Ahead of its official listing on the Indian bourses, the mainboard issue has already generated considerable buzz in the grey market, with its shares attracting a significant premium.
Let’s take a look at the GMP price and other key details of the issue ahead of Unimech Aerospace’s market debut.
Grey Market Premium (GMP): Soaring High
Unimech Aerospace’s IPO has been the talk of the town, particularly in the grey market (the unlisted marketplace), where its shares are already commanding a significant premium ahead of its official listing on the Dalal street tomorrow.
As of now, the GMP Unimech Aerospace stands at Rs 715, indicating a potential listing price of around Rs 1500 per share. This marks a 91.08 per cent increase over the issue price of Rs 785.
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Furthermore, this swoop in the GMP price may have also led many to believe that Unimech Aerospace shares will list with considerable gain. However, it is important as well to note that GMP is just an indicator of market sentiment and not a guarantee of the actual listing price or future performance of the stock.
Unimech Aerospace IPO: Key Details
Unimech Aerospace ran its public issue from December 23 to December 26. Moreover, the allotment of the sharesb was finalised on December 27.
The public offering is a book-built issue, raising a total of Rs 500 crore. This amount consists of Rs 250 crore through a fresh issue of 0.32 crore shares and another Rs 250 crore via an offer for sale of 0.32 crore shares.
Unimech Aerospace IPO: Subscription Numbers
Unimech Aerospace’s IPO was met with overwhelming demand, with the issue being subscribed a staggering 184.34 times by the final day of bidding.
The breakdown of the subscription numbers are as follows:
The retail category was subscribed 59.19 times, the Qualified Institutional Buyers (QIB) category at 334.68 times, and the Non-Institutional Investors (NII) category at 277.55 times.
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Anchor investors and lead managers
Before the public issue opened,
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