Unimech Aerospace and Manufacturing Ltd., a prominent engineering solutions provider specializing in high-precision components for aerospace, defense, energy, and semiconductor industries, has launched its Initial Public Offering (IPO). Here’s a detailed overview of the IPO, including key dates, allotment status, Grey Market Premium (GMP), and other essential information.
IPO Details:
- Issue Size: ₹500 crore, comprising a fresh issue of ₹250 crore and an Offer for Sale (OFS) of ₹250 crore.
- Price Band: ₹745 to ₹785 per equity share.
- IPO Dates:
- Opening Date: December 23, 2024.
- Closing Date: December 26, 2024.
Subscription Status (as of December 26, 2024):
- Overall Subscription: 15.89 times.
- Qualified Institutional Buyers (QIBs): 4.65 times.
- Non-Institutional Investors (NIIs): 34.56 times.
- Retail Individual Investors (RIIs): 14.25 times.
Grey Market Premium (GMP):
As of December 29, 2024, the Grey Market Premium (GMP) for Unimech Aerospace shares has risen to approximately ₹715, suggesting a potential listing price of around ₹1,500 per share.
This indicates a potential listing day gain of about 91.08% over the IPO price of ₹785.
Please note that GMP figures are unofficial and can fluctuate. For the most accurate and up-to-date information, it’s advisable to consult official sources or financial advisors.
Allotment and Listing Dates:
- Allotment Finalization: December 27, 2024.
- Refunds Initiation: December 28, 2024.
- Demat Account Credit: December 30, 2024.
- Listing Date: December 31, 2024.
How to Check IPO Allotment Status:
The allotment date for the Unimech Aerospace IPO is today, December 27, 2024.
Registrar’s Website (KFin Technologies):
- Visit the KFin Technologies IPO status page.
- Select ‘Unimech Aerospace and Manufacturing Limited’ from the list of companies.
- Choose your application type: Application Number, Demat Account Number, or PAN.
- Enter the required details based on your selection.
- Complete the captcha verification.
- Click ‘Submit’ to view your allotment status.
BSE Website:
- Go to the BSE India allotment status page.
- Under ‘Issue Type’, select ‘Equity’.
- In the ‘Issue Name’ dropdown, choose ‘Unimech Aerospace and Manufacturing Limited’.
- Enter your Application Number and PAN.
- Verify by entering the captcha code.
- Click ‘Search’ to view your allotment status.
Company Overview:
Unimech Aerospace specializes in manufacturing complex tooling, mechanical assemblies, electro-mechanical turnkey systems, and precision components. The company serves major OEMs in the aerospace, defense, energy, and semiconductor sectors, with a significant presence in the US, Europe, and the UK.
Financial Highlights:
- FY2024 Revenue: ₹209 crore.
- FY2024 Profit: ₹58 crore.
- Revenue CAGR (Last 2 Years): 140%.
- EBITDA CAGR (Last 2 Years): 220%.
- PAT CAGR (Last 2 Years): 314%.
Investor Considerations:
Given the strong subscription rates, substantial GMP, and the company’s robust financial performance, investor interest in Unimech Aerospace’s IPO is significant. However, potential investors should conduct thorough research and consider market conditions before making investment decisions.