 "Unimech Aerospace IPO receives 3.81 times subscription on first day")
The initial public offering of Unimech Aerospace and Manufacturing Ltd received 3.81 times subscription on the first day of share sale on Monday, helped by encouraging investors' participation.
The Rs 500-crore initial share sale received bids for 1,79,22,111 shares, as against 47,04,028 shares on offer, as per NSE data.
Retail Individual Investors (RIIs) part fetched 4.45 times subscription, while the category for non-institutional investors received 4.02 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 2.49 times.
The Initial Public Offering (IPO) has a fresh issue of up to Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore.
Price range for the offer has been fixed at Rs 745-785 per share.
Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are the book running lead managers to the offer.
Unimech Aerospace is a high-precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, defence, energy and semiconductor industries.
Shares of the firm will be listed on the BSE and NSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app