Unimech Aerospace shares made their market debut on December 31, listing at Rs 1,491 on the BSE, a 89.94% premium over the IPO price, and at Rs 1,460 on the NSE, reflecting an 85.9% premium. The company’s public issue was open from December 23 to December 26.
Unimech Aerospace IPO GMP
Before its official listing, the grey market premium (GMP) of Unimech Aerospace IPO was Rs 625, suggesting an estimated listing price of Rs 1,410, a 79.62% premium over the IPO price of Rs 785.
Unimech Aerospace IPO Subscription Status
Unimech Aerospace’s IPO was highly subscribed, with the total subscription rate at 175.31 times. Qualified Institutional Buyers (QIBs) subscribed 317.63 times, Non-Institutional Investors (NIIs) 263.78 times, and Retail Individual Investors (RIIs) 56.74 times. Employees saw a subscription rate of 97.81 times. Overall, the IPO saw strong demand across all categories.
Details About Unimech Aerospace IPO
Unimech Aerospace’s ₹500 crore IPO, consisting of a ₹250 crore fresh issue and ₹250 crore offer for sale, will open on December 23, 2024, and close on December 26, 2024, with a price band of ₹745 to ₹785 per share. Retail investors can invest with a minimum of ₹14,915. The IPO reserves 35% for retail investors, 50% for QIBs, and 15% for HNIs. The allotment date is December 27, 2024, and the listing is expected on December 31, 2024. The company has shown strong revenue and profit growth, making it a promising investment.
Funds Deployment of This Company
The IPO proceeds will be used for capital expansion, including purchasing machinery and equipment, as well as repaying borrowings of the company’s material subsidiary. The remaining funds will be allocated for general corporate purposes.
Unimech Aerospace IPO Financial Background
Unimech Aerospace has shown strong financial growth, with revenue rising from ₹37.08 crores in 2022 to ₹213.79 crores in 2024. Profit after tax also increased significantly, from ₹3.39 crores in 2022 to ₹58.13 crores in 2024. The company’s assets grew from ₹56.88 crores in 2022 to ₹175.63 crores in 2024.
About Company
Founded in 2016, Unimech Aerospace specializes in manufacturing for the aerospace, defense, energy, and semiconductor industries. The company offers services like machining, fabrication, and assembly, producing products such as engine lifting beams and missile components. With two manufacturing units in Bangalore and a workforce of 384, Unimech serves over 26 customers globally. In 2024, the company reported a revenue of ₹2,038.49 million, a 97.64% increase from ₹331.01 million in 2022.