On opening day, the initial public offering (IPO) of Unimech Aerospace and Manufacturing, a manufacturer of vital components, was oversubscribed in a matter of hours.
The issue received bids for 59,26,271 shares out of the 47,04,028 shares that were up for grabs, meaning it was subscribed 1.26 times.
Subscription in all categories
Retail investors bid on 79,20,207 shares, booking their share 3.56 times out of the 22,22,611 shares that were set aside for them.
With bids for 25,68,515 shares, the non-institutional investors (NIIs) portion attracted 2.7 times the subscription compared to the 9,52,548 equity shares available.
QIBs quota was mopped up 1.11 times the subscription because bids were placed for 14,15,804 shares rather than the 12,70,065 shares that were set aside for qualified institutional buyers (QIBs).
GMP (grey market price)
The shares of Unimech Aerospace IPO are currently trading at Rs 1,254 per share, which is 61.15 per cent higher than the issue price of Rs 785.00 , indicating a listing price of Rs 1,254 per share, according to Investorgain’s grey market premium (GMP).
Offer size and structure
The Unimech Aerospace IPO is a Rs 500.00 crore book-built offering. In this case, 0.32 crore shares totaling Rs 250.00 crores are being offered for sale in addition to a fresh issue of 0.32 crore shares totaling Rs 250.00 crores.
The IPO offering for Unimech Aerospace is 63,69,426 shares. 10,52,548 (14.96 per cent) to NII, 22,22,611 (34.89 per cent) to RII, 19,108 (0.3 per cent) to employees, 12,70,065 (19.94 per cent) to QIB, and 19,05,094 (29.91 per cent) to anchor investors.
Price band and minimum bid
The price range for Unimech Aerospace’s IPO is Rs 745 to Rs 785 per share. Applications must have a minimum lot size of 19.Retail investors must make a minimum investment of Rs 14,915.
For bNII, the minimum lot size investment is 68 lots comprising of 1,292 shares, which comes to Rs 10,14,220, and for sNII, it is 14 lots comprisign 266 shares, which comes to Rs 2,08,810.
Subscription and listing dates
The subscription period for Unimech Aerospace’s initial public offering (IPO) began on December 23, 2024, and it will end on December 26, 2024. On Friday, December 27, 2024, the allocation for the Unimech Aerospace IPO is anticipated to be finalized.
The tentative listing date for Unimech Aerospace’s IPO is set for Tuesday, December 31, 2024, and it will be listed on the BSE and NSE.
IPO proceeds utilisation
financing capital expenditures for growth by means of the company’s acquisition of machinery and equipment along with financing the company’s working capital needs through its investment in the buying machinery and equipment.
Company financials
In the most recent fiscal year, the company’s net profit increased by almost twofold, from Rs 21.20 crore to Rs 58.10 crore. Revenue reached Rs 478 crore, a 122 per cent increase. In the same time frame, operating income—that is, earnings before interest, taxes, depreciation, and amortization—rose to Rs 79.18 crore. The EBITDA margin increased from 36.7 per cent to 37.9 per cent.
