Unimech Aerospace IPO listed on the BSE at ₹1,491, an impressive 89.94% premium. The stock’s stellar debut, nearly 90% above its issue price, brings New Year cheer to D-Street with strong investor enthusiasm.
Unimech Aerospace and Manufacturing Limited IPO on Day 3 achieved an outstanding subscription rate of 175.31 times. QIBs led with 317.63 times, followed by NIIs at 263.78 times, Employees at 97.81 times, and RIIs at 56.74 times.
Also Read: Pharma stock jumps 4% after it announces 1:5 stock split
Unimech Aerospace and Manufacturing Limited, established in 2016, specializes in manufacturing complex tools and components for aeroengine and airframe production. The company offers engineering solutions in machining, fabrication, and assembly, serving aerospace, defense, energy, and semiconductor industries. Unimech has supplied 2,980 SKUs to 26 customers across 7 countries.
Also Read: Logistics stock jumps 7% after it partners with HPCL for strategic logistics services
Unimech Aerospace aims to fund expansion, working capital, and machinery purchases while supporting its Material Subsidiary’s growth, working capital, debt repayment, and general corporate purposes to enhance capacity and meet growing demands.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.