Unimech Aerospace will use the funds from its initial public offering for capital expenditure in "two tranches", the company's chairman and managing director said.

Unimech Aerospace's Anchor book included names like Goldman Sachs, Ashoka India Equity Investment Trust, Sunil Singhania's Abakkus Diversified Alpha Fund, Copthall Mauritius, Clarus Capital, and various domestic mutual funds and insurance companies.

The company’s shares entered the D-Street at Rs 1,491 apiece, indicating a premium of Rs 706 or 89.9 per cent against the issue price of Rs 785 on the BSE.

The initial public offering (IPO) of Unimech Aerospace and Manufacturing Limited garnered an overwhelming response, with a subscription rate of 174.93 times by the final day of bidding.

Unimech Aerospace and Manufacturing sold its shares in the price band of Rs 745-785 apiece, which could be applied for a minimum of 19 shares and its multiples between December 23-26.

Unimech Aerospace IPO listing: Shares of Unimech Aerospace and Manufacturing made a stellar debut on bourses on Tuesday, December 31, 2024, listing at Rs 1,491 per share, reflecting a premium of Rs 706, or 89.9 per cent, against the issue price of Rs 785 on the BSE.

Unimech Aerospace share price debuted on December 31 at ₹1,491 on the BSE, marking a 90% premium over the issue price of ₹785. The listing surpassed grey market expectations.

Unimech Aerospace shares made an impressive debut on the stock market, listing with a nearly 90% premium on the BSE compared to the issue price.

Unimech Aerospace and Manufacturing Ltd shares debuted on the stock exchange with a notable 90% premium above its Rs 785 issue price, listing at Rs 1,491 on the BSE and Rs 1,460 on the NSE. The company's IPO was significantly oversubscribed,