Unimech Aerospace share price: IPO investors' money

Unimech Aerospace and Manufacturing Ltd shares made a blockbuster stock market debut on December 31, 2024, listing at a solid 90% premium over the issue price. The shares opened at ₹1,491 on the BSE, against the issue price of ₹785 per share.

Unimech Aerospace, which is a leading manufacturer of precision engineering components for the aerospace industry, had raised ₹1,171.92 crore through its initial public offering (IPO) earlier this month.

The IPO was subscribed 126.82 times, with the qualified institutional buyers (QIBs) portion being subscribed 169.40 times, the non-institutional investors (NIIs) portion being subscribed 235.64 times, and the retail individual investors (RIIs) portion being subscribed 11.92 times.

The strong response to the IPO is a reflection of the company's strong fundamentals and growth potential. Unimech Aerospace is a leading provider of precision engineering components to the global aerospace industry, and it has a strong order book of over ₹1,000 crore.

The company's shares are likely to continue to trade at a premium in the near term, as investors are betting on the company's growth potential. However, it is important to note that the stock market is volatile, and there is no guarantee that the shares will continue to trade at such a high premium.

Key highlights of the Unimech Aerospace IPO

• The IPO was subscribed 126.82 times.
• The QIBs portion was subscribed 169.40 times.
• The NIIs portion was subscribed 235.64 times.
• The RIIs portion was subscribed 11.92 times.
• The shares opened at ₹1,491 on the BSE, against the issue price of ₹785 per share.