Unimech Aerospace IPO GMP has soared to over 80 percent in the unregulated market on the final day of subscription on December 26. The Rs 500-crore initial share-sale closes today for public subscription. Price range for the offer has was fixed at Rs 745-785 per share.
Unimech Aerospace and Manufacturing Ltd initial public offer (IPO) got 147.08 times subscription on the Day 3 of bidding on Thursday, receiving bids for 69.18 crore shares shares against 47.04 lakh shares on offer, as per NSE data at 3:10 PM.
Non-institutional investors garnered 234.54 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 49.41 times. The category for Qualified Institutional Buyers (QIBs) fetched 253.33 times subscription.
The IPO has a fresh issue of up to Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore.
According to market observers tracking the grey market premium activities, the shares of the company are commanding a GMP of around 81 percent. Investorgain quoted a GMP of Rs 630 over the IPO price of the company, signalling a listing gain of 80.25 percent.
Unimech Aerospace is a high-precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, defence, energy and semiconductor industries.
Unimech Aerospace shares will be listed on the BSE and NSE on 31st December, while the allotment of shares is likely to be declared on 27th December.
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