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Opportunity to invest in Unimech Aerospace IPO from today, GMP rises by 60%, know the price band – India TV Hindi

Unimech Aerospace IPO

Photo:UNIMECH Unimech Aerospace IPO

Unimech Aerospace IPO: The initial public offering (IPO) of Unimech Aerospace and Manufacturing Limited, a company providing engineering solutions in the aviation sector, has opened for investors from today. The company will raise ₹500 crore from the IPO. This IPO will be listed on both BSE and NSE. Let us tell you that Unimech Aerospace and Manufacturing manufactures mechanical assemblies, electro-mechanical systems and machinery for aeroengines and airframes. 95 percent of the company’s business comes from exports. The company’s big clients include American companies, European countries and South Middle East countries. The company is also preparing to enter the nuclear energy sector.

GMP of Unimac Aerospace IPO today

Unimac Aerospace’s IPO is trading at a good premium (GMP) in the gray market. According to experts, Unimec Aerospace IPO GMP is priced at ₹482 per share today. This means that in the gray market, Unimech Aerospace shares are trading at ₹482 more than its issue price. Unimec Aerospace IPO GMP indicates that the stock is trading in the gray market at ₹1,267 per share, which is more than 61% premium to the IPO price of ₹785 per share.

IPO will close on 26th December

Bidding for the Unimac Aerospace IPO will begin today, December 23, and end on Thursday, December 26. The IPO allotment is expected to be finalized on December 27 and the IPO listing date is likely to be December 31. Shares of Unimec Aerospace will be listed on BSE and NSE. The price band of Unimac Aerospace IPO has been set at ₹745 to ₹785 per share. The lot size of the IPO is 19 shares. The company plans to raise ₹500 crore at the upper end of the price band of the book built issue, which is a combination of a fresh issue of 31.84 lakh equity shares, aggregating to ₹250 crore and an equal number of shares worth ₹250 crore. Offer-for-sale (OFS) of Rs. The company has already raised ₹149.5 crore from anchor investors. Unimech Aerospace on Friday, December 20, allotted 19,05,094 equity shares at ₹785 per share to 18 anchor investors.

To invest in Unimech Aerospace IPO or not?

Market experts say that Unimech Aerospace and Manufacturing Limited operates in a niche segment of aero tools and precision component manufacturing, which are used in aircraft maintenance, repair and overhaul (MRO), defense, semiconductor and energy industries. Depending on its future prospects and cheap valuation compared to its competitors, one can invest money for short and long term. The management of the company is quite experienced. The vision regarding business is clear. The company will expand its business with the IPO money. Therefore it is a good IPO.

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Brijesh Kumar
Brijesh Kumarhttp://Newstiger.in
Brijesh is dedicated to providing timely and trustworthy news, covering everything from politics to pop culture. Offering readers a thoughtful approach to the world around us, Brijesh ensures you never miss a crucial update

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