The initial public offering (IPO) of Unimech Aerospace and Manufacturing Ltd, an engineering solutions provider, is set to open for bidding on December 23. The ₹500-crore IPO is a mainboard issue and will list the company’s equity shares on both the BSE and NSE.
Company Overview:
Unimech Aerospace specializes in manufacturing complex tools, mechanical assemblies, electro-mechanical systems, and components for industries like aerospace, defense, energy, and semiconductors.
Unimech Aerospace IPO Details:
- IPO Opening Date: December 23, 2024
- IPO Closing Date: December 26, 2024
- Price Band: ₹745-₹785 per share
- Lot Size: 19 shares
- Minimum Investment: ₹14,915 (for retail investors)
- Issue Size: ₹500 crore
- Fresh Issue: ₹250 crore (31.84 lakh equity shares)
- Offer for Sale (OFS): ₹250 crore (31.84 lakh equity shares)
- Anchor Investment: Raised ₹149.5 crore on December 20 by allocating 19,05,094 shares at ₹785 per share to 18 anchor investors.
- Listing Date: Likely on December 31, 2024
- Stock Exchanges: BSE and NSE
Use of Proceeds:
The net proceeds from the IPO will be used for:
- Funding capital expenditure
- Meeting working capital requirements
- Investments in the material subsidiary
- General corporate purposes
IPO Management:
- Book Running Lead Managers: Anand Rathi Securities and Equirus Capital
- Registrar: Kfin Technologies
Grey Market Premium (GMP):
Unimech Aerospace shares are trading at a strong grey market premium (GMP) of ₹480 per share, reflecting a 61.15% premium over the upper price band of ₹785.
IPO Allotment and Listing Dates:
- Allotment Date: Expected on December 27, 2024
- Listing Date: Likely on December 31, 2024
