The initial public offering (IPO) of Unimech Aerospace and Manufacturing has gained significant traction as it enters the third and final day of bidding today, December 26, 2024.
Grey Market Premium (GMP) Update
- Last GMP: ₹610 (Updated: December 26, 2024, 5:04 AM)
- Estimated Listing Price: ₹1,395 (Cap Price ₹785 + GMP ₹610)
- Expected Gain: 77.71% per share.
Subject to Sauda Rates:
- Retail Investors: ₹8,800
- Small HNIs: ₹1,23,200
The GMP trend indicates strong investor confidence, with a potential for a robust listing.
Unimech Aerospace IPO Subscription Status
- Overall Subscription: 9.08x
- Non-Institutional Investors (NIIs): 12.06x
- Retail Investors: 10.29x
- Qualified Institutional Buyers (QIBs): 4.64x
Unimech Aerospace IPO Details
- Issue Opened: December 23, 2024
- Issue Closing: December 26, 2024
- Price Band: ₹745-₹785 per share
- Issue Size: ₹500 crore
- Fresh Issue: ₹250 crore
- Offer for Sale (OFS): ₹250 crore
- Selling Shareholders: Promoters and promoter group, including Ramakrishna Kamojhala, Rajanikanth Balaraman, Preetham S.V., and Rasmi Anil Kumar.
Anchor Investor Allotment
Unimech Aerospace raised ₹149.5 crore through its anchor book on December 20, 2024, ahead of the IPO.
GMP Trend
The IPO’s GMP has shown consistent upward momentum over the past 11 trading sessions, with today’s GMP reaching its peak at ₹610. This signals positive sentiment and expectations for a strong debut.
Key Takeaway
Today is the final opportunity for investors to participate in the Unimech Aerospace IPO. With a high subscription rate and strong GMP, the IPO is expected to witness a successful listing.
