Unimech Aerospace Makes Strong Debut In Stock Market, Lists At 90 Per Cent Premium. Check Share Price

The company’s shares entered the D-Street at Rs 1,491 apiece, indicating a premium of Rs 706 or 89.9 per cent against the issue price of Rs 785 on the BSE.

The book-running lead managers of the issue included Anand Rathi Securities and Equirus Capital. Meanwhile, Kfin Technologies acted as the registrar for the issue.

Source : VestedFinance

Unimech Aerospace and Manufacturing debuted in the stock market on Tuesday. The firm’s shares began trading on a robust note and clocked a premium of almost 90 per cent against the issue price.

The company’s shares entered the D-Street at Rs 1,491 apiece, indicating a premium of Rs 706 or 89.9 per cent against the issue price of Rs 785 on the BSE. Meanwhile, the firm began its trading journey on the NSE at Rs 1,460 per share, reflecting a premium of Rs 675 or 85.99 per cent against the issue price.

 As of 2:32 PM, the firm’s shares pared some of the gains, however, still traded higher. On the BSE, the company’s shares traded at Rs 1,366.7 apiece.

The initial public offering (IPO) of the firm was a book-built issue of Rs 500 crore and comprised a fresh issue of 3.2 million shares coming up to Rs 250 crore and an offer-for-sale (OFS) of 3.2 million shares worth Rs 250 crore.

The maiden issue was priced in the range of Rs 745 to Rs 785 apiece. Investors were required to place bids for a minimum of 19 shares and in multiples of thereafter. 

The issue was open for subscription from December 23 to 26, 2024. The IPO received massive response from investors and was oversubscribed 175.31 times, official exchange data revealed.

Prior to the listing, the firm raised Rs 149.55 crore from anchor investors on December 20, 2024. The book-running lead managers of the issue included Anand Rathi Securities and Equirus Capital. Meanwhile, Kfin Technologies acted as the registrar for the issue.

The firm intends to utilise the funds raised from the maiden issue towards financing its capital expenditure requirements for expansion via the purchase of machinery and equipment. Further, it aims to finance the remaining working capital needs of the company.

Unimech Aerospace is involved in manufacturing complex tools such as electro-mechanical systems and components for aero-engine and airframe production. The firm also deals in providing engineering solutions specialising in machining, fabrication, testing, assembly, and creating new products in the defense, energy, aerospace, and semiconductor industries.