The IPO of Unimech Aerospace and Manufacturing Limited has received tremendous support from investors. The company’s IPO (initial public offering) was subscribed 174.93 times on the last day of bidding on Thursday. According to NSE data, the Rs 500 crore initial share sale received bids for 82,28,93,040 shares against the offer of 47,04,028 shares, PTI reported.
How much subscription was received from which type of investor?
Unimac Aerospace IPO was subscribed 317.63 times from qualified institutional buyers (QIBs), while 263.40 times subscription was received from non-institutional investors. The retail individual investors (RII) category received 56.16 times subscription. The IPO consists of a fresh issue of up to Rs 250 crore and an offer for sale (OFS) of up to Rs 250 crore. The price range for the offer has been fixed at Rs 745-785 per share.
Book-running lead manager of the offer
Anand Rathi Advisors Limited and Equirus Capital Private Limited are the book-running lead managers to the offer. Unimech Aerospace is a high-precision engineering solutions company specializing in complex manufacturing solutions for the aerospace, defense, energy and semiconductor industries. The shares of the firm will be listed on BSE and NSE.
What is the latest GMP?
According to Investorgain.com, the GMP for Unimec Aerospace & Manufacturing Limited’s IPO today is +610. That means the share price of Unimec Aerospace was trading at a premium of ₹610 in the gray market. Considering the upper end of the IPO price band and the existing premium in the gray market, the estimated listing price of Unimac Aerospace share price is ₹1,395 per share. This is 77.71% more than the IPO price of ₹785.
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