Unimech Aerospace IPO GMP The Initial Public Offer (IPO) of Unimech Aerospace and Manufacturing Limited has opened today. Investors will be able to bid for this issue till 26 December. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 31 December.
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Unimech Aerospace IPO GMP
The company wants to raise a total of ₹500 crore through this issue. For this, the existing investors of the company are selling 31,84,712 shares worth ₹ 250 crore. Along with this, the company is issuing 31,84,712 fresh shares worth ₹250 crore.
Unimech Aerospace IPO GMP Details
- IPO opening – 23 December.
- IPO Closing – 26 December.
- Share allotment – 27 December.
- Refund – 30 December.
- Share credited demat account – 30 December.
- Listing on the share market. – 31 December.
- Issue size. – 500 crore
- Face value.- 5 Rs.
- Before the IPO, the promoters’ stake in the company was 91.83%. Unimech Aerospace has raised Rs 149.5 crore through an anchor book.
- The company’s promoters who participated in the OFS include Ramakrishna Kamojhala, Mani P, Rajinikanth Balaraman, Pritam SV, and Rasmi Anil Kumar.
What is the Minimum and Maximum Amount that can be Invested?
Unimech Aerospace & Manufacturing has set the Unimech Aerospace IPO GMP price band at ₹745-₹785. Retail investors can bid for a minimum of one lot = 19 shares. If you apply for 1 lot as per the upper price band of IPO of ₹785, then you will have to invest ₹14,915.
Whereas retail investors can apply for a maximum of 13 lots i.e. 247 shares. For this, investors will have to invest ₹ 1,93,895 as per the upper price band.
The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
About the Unimech Aerospace IPO GMP
As soon as this Unimech Aerospace IPO GMP opens, tremendous activity is being seen in the gray market. In the gray market, shares of Unimech Aerospace are trading with a premium of more than 60%.
The price of shares in this IPO was Rs 785. Whereas in the gray market, the shares of the company were priced at Rs 480. Trading at a premium rate.According to the current gray market, shares of Unimech Aerospace IPOare worth Rs 1265. This means that the shareholders of the company can expect more than 61% profit on the day of listing.
About the Company
- Unitech Aerospace and Manufacturing was incorporated in the year 2016.
- The company manufactures mechanical assemblies, electro-mechanical systems, and components for aero-engine and air-frame production.
- Unimec Aerospace & Manufacturing is a vital link in the global supply chain for the supply of critical parts such as aero tooling, ground support equipment, electro-mechanical sub-assemblies, and other engineered components to the global aerospace, semi-conductor, energy OEMs and their licensees.
- Its key clients include top global airframe and aero-engine OEMs and their approved licensees.
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— IPOWatch (@ipowatch_info) December 23, 2024
🔸Unimech Aerospace IPO🔔
📃Retail: 4.73x
📄HNI: 4.26x
📄QIB: 2.62x
💰Total: 4.04x
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Brokerage View On Unimech Aerospace IPO GMP
Bajaj brokerage -subscribe for long-term. The company reported earnings per share (EPS) of ₹13.23 for the fiscal year ending March 31, 2024. This puts the price-to-earnings (P/E) ratio at the upper end of the IPO price at around 59.33x. This is much lower than the average P/E ratio of around 222.44x for other companies in the Aerospace & Manufacturing sector ranging from 7.34x to 273.47x.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗