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Unimech Aerospace IPO: Check GMP, Day 1 Subscription Status, Price Band And More
- The Unimech Aerospace and Manufacturing IPO subscribed 9% on Day 1 of bidding, so far.
- The price band for the IPO is between Rs. 745 and Rs. 785 per share.
- The grey market premium of Unimech Aerospace IPO is Rs. 480 as of Dec 23.
- Anand Rathi Advisors Ltd and Equirus Capital Pvt. are the book-running lead managers to the issue.
- Unimech Aerospace reported a nearly two-fold rise in net profit at Rs 58.10 crore for the last financial year and its revenue was up 122% to Rs 478 crore.
- The proposed public offering consists of a fresh issue of Rs 250 crore and an offer-for-sale component of Rs 250 crore.
- The IPO has been subscribed 0.09 times as of 10:27 a.m on the first day.
- Net proceeds from the issue, amounting to Rs 32.5 crore, will be used for funding capital expenditure for expansion through purchase of machinery and equipment.
- Unimech Aerospace is a Bengaluru-based leading manufacturer of complex tooling, mechanical assemblies, electro-mechanical turnkey systems, and precision components for clients in the aerospace, energy and semi-conductor industries.
- The equity shares are proposed to be listed on both Bombay Stock Exchange and National Stock Exchange.
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