Unimech Aerospace and Manufacturing's shares made their Dalal Street debut at Rs 1,491, which was 90 per cent more than the IPO price of Rs 785. The share price on the NSE was Rs 1,460.
From December 23 to 26, subscriptions were accepted for Unimech Aerospace's Rs 500 crore initial public offering (IPO), which included a fresh issue of Rs 250 crore and an offer-for-sale of Rs 250 crore.
Subscription to the IPO
With an overall subscription of 175.31 times, 82.46 crore equity shares, compared to 47.04 lakh shares on offer, the company's initial public offering (IPO) received a strong response from investors.
Non-institutional investors (NIIs) subscribed 263.78 times, compared to 56.74 times for retail investors. 317.63 reservations were made under the qualified institutional buyers (QIB) category.
Share performance
However, the briefly touched the 10 per cent lower circuit of Rs 1341.95 on the BSE after the debut. It is also the stock's 52-week low. On Tuesday, the stock settled at Rs 1,376.25, up 75.32 per cent from the issue price.
The shares of Unimech aerospace and manufacturing concluded on the listing day at Rs 1,385.00 with a decline of 5.14 per cent amounting to a Rs 75.00 per share on the indian exchanges.
At the end of the debut trading session of the Unimech aerospace and Manufacturing, the shares were still holding a substantial gains over the issue in the company's IPO which stood at Rs 785.00 per share on the bourses.
Unimech aerospace and manufacturing had 76.43 per cent premium over the initial public issue price of Rs 785.00 per share.
About company
A provider of engineering solutions, Unimech Aerospace and Manufacturing specializes in producing and supplying vital components for the semiconductor, aerospace, defense, and energy sectors, including electro-mechanical sub-assemblies, ground support equipment, and aero tooling.
