Unimech Aerospace Share Price Listing: Unimech Aerospace IPO, which ran its public issue from December 23 to December 26, has made its entry into the Indian stock market today (December 31).
The shares of Unimech Aerospace made their debut on the BSE at Rs 1491 apiece, marking a 89.94% premium over the IPO price, and on the NSE at Rs 1460 apiece, a 85.9% premium.
The company’s shares were listed on both the BSE and NSE, at a notable premium over its issue price.
Unimech Aerospace IPO: GMP Ahead of Listing
Prior to the official listing, the grey market premium (GMP) of Unimech Aerospace IPO stood at Rs 625, indicating an estimated listing of Rs 1410 or a 79.62 per cent premium over the IPO issue price of Rs 785.
Unimech Aerospace IPO – Subscription Figures
The mainboard issue during its three day bidding period received an overwhelming interest, with a subscription rate of 184.34 times by the close of bidding on December 2.
Breaking this down further, the retail category was subscribed 59.19 times, while the qualified institutional buyers (QIB) category saw a subscription of 334.68 times, and the non-institutional investor (NII) category was subscribed 277.55 times.
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IPO Details and Lot Sizes
The price band set for the issue by the company was between Rs 745 to Rs 785 per share. For retail investors, the minimum lot size was set at 19 shares, and investors in the Non-Institutional Investor (NII) category had a minimum lot size of 14 lots (266 shares). The Qualified Institutional Buyers (QIB) were required to apply for 68 lots (1,292 shares).
Lead Managers and Registrar
Anand Rathi Securities and Equirus Capital Private served as the book-running lead managers for the Unimech Aerospace IPO, while Kfin Technologies acted as the registrar for the issue.
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