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Unimech Aerospace IPO: Check GMP, Day 2 Subscription Status, Price Band And More

  • The grey market is bullish on Unimech Aerospace IPO, with the latest GMP trends suggesting a potential listing day gain of 64.97%.
  • Engineering solutions company Unimech Aerospace and Manufacturing Ltd.'s initial public offering has been subscribed 5.08 times so far on its second day of bidding on Tuesday.
  • The public offering consists of a fresh issue of Rs 250 crore and an offer-for-sale component of Rs 250 crore.
  • The OFS comprises a sale of stake worth up to Rs 45 crore each by Ramakrishna Kamojhala, Mani P and Rajanikanth Balaraman; up to Rs 30 crore by Preetham SV; and up to Rs 85 crore by Rasmi Anil Kumar.
  • The equity shares are proposed to be listed on both BSE and National Stock Exchange.
  • 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.
  • The company's growth strategies include expanding their facilities, addition of capacities and pursuing strategic acquisitions, as necessary.
  • The company reported a nearly twofold rise in net profit at Rs 58.1 crore in fiscal 2024 from Rs 21.2 crore in the previous fiscal.
  • The IPO has been subscribed 5.08 times, as of 10:42 a.m.
  • The grey market premium of Unimech Aerospace's IPO is Rs 510 as of 5:04 a.m., according to InvestorGain.

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