Market News
3 min read | Updated on December 28, 2024, 10:35 IST
SUMMARY
Unimech Aerospace IPO allotment: Following the staggering subscription, Unimech Aerospace and Manufacturing IPO allotment status is set to be finalised on Friday. Investors can check finalisation details on the NSE, the BSE and Kfin Technologies websites.
Shares of Unimech Aerospace and Manufacturing Ltd will hit the secondary market on Tuesday, December 31.
Unimech Aerospace and Manufacturing IPO allotment: The allotment status of complex tools manufacturer Unimech Aerospace and Manufacturing will be finalised on Friday.
The ₹500 crore initial share sale garnered 175.31 times subscription, as it received bids for 82.46 crore equity shares against 47.04 lakh shares on offer, according to the consolidated data on NSE.
The demand was led by qualified institutional buyers (QIBs), as their portion was subscribed 317.63 times. This category received bids for 42.50 crore shares against 13.38 lakh shares on offer.
The non-institutional investors' quota got bids for 26.47 crore shares compared to 10.03 lakh equity shares reserved, leading to 263.78 times subscription.
The retail investors' chunk was booked 56.74 times as they subscribed to 13.28 crore shares against 23.41 lakh shares on offer.
The company's employees part was also subscribed 97.81 times, securing 19.69 lakh bids against 20,134 shares offered.
Investors can check finalisation details on the NSE, the BSE and Kfin Technologies websites.
Shares of Unimech Aerospace and Manufacturing Ltd will hit the secondary market on Tuesday, December 31. The stock will be listed on the NSE and the BSE at 10 am.
Unimech Aerospace and Manufacturing's issue was a fresh issuance of ₹250 crore and an offer-for-sale (OFS) of up to ₹250 crore. The price band was fixed at ₹745-₹785 per share. The lot size was 19 shares, needing an investment of ₹14,915.
The proceeds of the issue will be used to fund capital expenditures through the purchase of machinery and equipment, investment in material subsidiaries, funding working capital requirements, and general corporate purposes.
Unimech Aerospace, a high-precision engineering solutions provider, specialises in complex manufacturing solutions for the defence, aerospace, energy and semiconductor industries.
Particulars | FY22 | FY23 | FY24 | Q1FY25 |
---|---|---|---|---|
Revenue | ₹36.35 cr | ₹94.17 cr | ₹208.78 cr | ₹120.66 cr |
Net Profit | ₹3.39 cr | ₹22.81 cr | ₹58.13 cr | ₹38.68 cr |
About The Author
Next Story