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.<\/p>\n\n\n\n
Unimech Aerospace and Manufacturing Ltd\u00a0initial 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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
The IPO has a fresh issue of up to Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Unimech Aerospace is a high-precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, defence, energy and semiconductor industries.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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