Unimech Aerospace’s IPO has seen strong interest, with over 9 times subscription in the first two days. The IPO is still open for subscription until Thursday, December 26, 2024.
In addition to the high demand, the company’s shares are performing well in the gray market, with a premium of more than 77%. The IPO opened on December 23, 2024.
Share Price Expectations and Listing Date
The share price for Unimech Aerospace’s IPO is set at Rs 785. Based on the current gray market premium (GMP) of Rs 610, the shares are expected to list around Rs 1,395
This would represent a potential profit of over 77% for investors who are allotted shares.
The shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Tuesday, December 31, 2024.
IPO Subscription Details
In the first two days, Unimech Aerospace’s IPO has been subscribed 9.6 times in total. The subscription breakdown is as follows:
Retail investors: 10.89 times
Employees: 16.47 times
Non-Institutional Investors (NII): 12.73 times
Qualified Institutional Buyers (QIB): 4.89 times
About Unimech Aerospace
Founded in 2016, Unimech Aerospace & Manufacturing Limited specializes in manufacturing complex tools such as mechanical assemblies, electro-mechanical systems, and components for aeroengine and airframe production.
Profit Potential
The share price in the Unimech Aerospace IPO is set at Rs 785. In the gray market, the premium (GMP) for the shares has reached Rs 610, which suggests that the shares could be listed around Rs 1395.
This would mean investors could make a profit of more than 77% on the listing day, which is Tuesday, December 31, 2024.
The shares will be listed on both the Bombay Stock Exchange and the National Stock Exchange.
