Unimech Aerospace GMP soars ahead of IPO subscription opening
Unimech Aerospace and Manufacturing Limited has raised Rs 149.50 crore from anchor investors. The company’s IPO was open for anchor investors on December 20. The company has raised 19,05,094 shares from 18 anchor investors at Rs 785 per share. This IPO will open for retail investors from December 23 to December 26. The company’s IPO price band has been fixed from Rs 745 to Rs 785 per share. The company has created a lot of 19 shares. Due to which investors will have to bid at least Rs 14,915.
Anchor investors also include foreign and domestic institutions. Goldman Sachs, India Equity Portfolio, ICICI Prudential Transportation, Tata India Innovation Fund, Motilal Oswal, Ashoka India Investment Fund etc. have bet on Unimec Aerospace’s IPO.
Preparation to raise Rs 500 crore
The size of Unimech Aerospace IPO is Rs 500 crore. The company will issue 32 lakh fresh shares through IPO. At the same time, under the offer for sale, the company will issue 32 lakh shares for Rs 250 crore. This is a main board IPO, so the company’s listing is proposed in BSE and NSE.
How is the company’s position in the gray market?
The position of Unimech Aerospace IPO in the gray market has strengthened further today. According to the reports, the company’s IPO is trading at the level of Rs 425 in the gray market today. Today the GMP has increased by Rs 20 more as compared to yesterday. This is the highest GMP so far.
A maximum of 50 percent of the IPO is reserved for qualified institutional buyers. At the same time, at least 35 percent is reserved for retail investors. At least 15 percent will be reserved for non-institutional investors.
