The IPO allotment for Unimech Aerospace and Manufacturing Ltd has been finalized, paving the way for its much-anticipated listing on Tuesday, December 31. The IPO garnered an overwhelming response, with a total subscription of 184.34 times, showcasing strong investor demand.
Subscription Details
- Total Subscription: 184.34 times
- Retail Investors: 59.19 times
- Non-Institutional Investors (NII): 277.55 times
- Qualified Institutional Buyers (QIB): 334.68 times
IPO Details
- Price Band: ₹745 to ₹785 per share
- Total Issue Size: ₹500 crore
- Fresh Issue: ₹250 crore
- Offer-for-Sale (OFS): ₹250 crore
- Listing Date: December 31, 2024
- Stock Exchanges: BSE and NSE
Grey Market Premium (GMP)
Unimech Aerospace’s shares are currently trading at a ₹1,500 premium in the grey market, reflecting an ₹715 or 91.08% premium over the IPO price of ₹785. This indicates a potentially outstanding listing performance.
How to Check Allotment Status
Investors can check their allotment status online through the following steps:
1. On BSE Website:
- Visit BSE IPO Allotment.
- Under ‘Issue Type,’ select ‘Equity.’
- In ‘Issue Name,’ choose ‘Unimech Aerospace and Manufacturing Ltd.’
- Enter your application number or PAN and complete the captcha.
- Click ‘Search’ to view allotment status.
2. On KFin Technologies Portal:
- Visit KFin IPO Allotment Status.
- Select ‘Unimech Aerospace and Manufacturing Ltd.’
- Enter your application details to check the status.
IPO Highlights
The IPO, open for bidding between December 23 and December 26, was a combination of fresh shares and OFS. With its price band set at ₹745-785 per share, the IPO is expected to deliver substantial gains to investors, given the strong GMP and overwhelming subscription numbers.
Investor Outlook
With the grey market premium pointing to a listing price of approximately ₹1,500, investors are optimistic about significant returns. The final performance will be revealed during the listing on December 31, promising an exciting close to the year.
