Unimech Aerospace, a high-precision engineering solutions company, has been making waves with its Initial Public Offering (IPO). As the public offer closes for subscription today, investors are keenly watching the Grey Market Premium (GMP) and other updates. This article provides a comprehensive overview of the Unimech Aerospace IPO, including the latest GMP, subscription status, and expert recommendations.
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Unimech Aerospace IPO: Key Details
The Unimech Aerospace IPO comprises a fresh issue of shares worth up to Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore. The price band for the offering has been set at Rs 745 to Rs 785 per share. As of December 26, 2024, the IPO has garnered significant attention from investors.
Subscription Status as of Day 3
The subscription status for the Unimech Aerospace IPO as of Day 3 is as follows:
- • Qualified Institutional Buyers (QIBs): 4.65 times
- • Non-Institutional Investors (NIIs): 33.15 times
- • Retail Individual Investors (RIIs): 13.92 times
- • Total Subscription: 15.42 times
Grey Market Premium (GMP) Update
The latest Grey Market Premium (GMP) for the Unimech Aerospace IPO is Rs 610, according to updated data from investorgain.com. With a price band of Rs 785, the estimated listing price is Rs 1,395 (cap price + today’s GMP). This translates to an expected gain of 77.71% per share, making it an attractive proposition for investors.
Why Experts Recommend Subscribing to the IPO
Indsec Securities has given a ‘Subscribe’ recommendation for the Unimech Aerospace IPO. The brokerage highlights the company’s impressive operating margin of approximately 38% in FY24. This is attributed to its production of a diverse portfolio of low-volume, high-margin products. Additionally, the company benefits from significant entry barriers and the manufacturing of critical components.
As of September 30, 2024, Unimech Aerospace holds an order book worth Rs 807.52 million. The rising demand from the aviation sector and related industries, coupled with a strategic partnership with Dheya Engineering for mini-gas turbine production, further strengthens its growth prospects.
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FAQs
1. What is the Grey Market Premium (GMP) for the Unimech Aerospace IPO?
The latest GMP for the Unimech Aerospace IPO is Rs 610. With a price band of Rs 785, the estimated listing price is Rs 1,395, offering an expected gain of 77.71% per share.
2. Why has Indsec Securities recommended subscribing to this IPO?
Indsec Securities has recommended subscribing to the Unimech Aerospace IPO due to the company’s strong operating margin of 38%, significant entry barriers, and a robust order book worth Rs 807.52 million. The rising demand in the aviation sector and strategic partnerships further enhance its growth potential.
The Unimech Aerospace IPO has generated significant interest among investors, thanks to its strong fundamentals and promising growth prospects. As the subscription period ends today, all eyes are on the listing date and the performance of the stock in the market. Stay tuned for more updates.
