The initial public offering (IPO) of Unimech Aerospace and Manufacturing Limited received an overwhelming response, with the issue subscribed 174.93 times by the final day of bidding. The IPO, which was open from December 23 to December 26, saw substantial interest across various investor categories.
Qualified institutional buyers (QIBs) led the way with a subscription rate of 317.63 times, followed by non-institutional investors (NIIs) at 263.40 times. Retail investors showed strong participation as well, with a subscription rate of 56.16 times.
In the grey market, Unimech Aerospace shares are commanding a premium of Rs 715, signaling robust demand. This suggests a potential listing price of around Rs 1,500 per share, which combines the upper price band of Rs 785 with the grey market premium. Such a listing would represent a gain of more than 90% over the issue price.
The grey market premium (GMP) often serves as an early indicator of investor sentiment and can offer clues about the stock's potential debut performance. However, it is important to note that GMP trends don't always translate directly into actual listing performance, as broader market conditions and other factors can influence the stock's movement.
Unimech Aerospace and Manufacturing Limited is a leader in providing high-precision engineering solutions, specializing in sectors such as aerospace, defence, energy, and semiconductors. With its expertise in complex manufacturing processes, the company is well-positioned to cater to high-demand, high-tech industries.
As Unimech Aerospace prepares for its stock market debut, market watchers will be keen to see how it performs on listing day. The IPO's success could set a strong precedent for future offerings in the precision engineering sector.
