Unimech Aerospace IPO, a high-precision engineering solutions provider specializing in aerospace, energy, defense, and semiconductor manufacturing, made a grand debut on the stock market today. Its shares were listed at ₹1,460 apiece on the National Stock Exchange (NSE), reflecting a substantial 85.99% premium over the IPO issue price of ₹785 per share.
Listing Highlights
- Listing Price: ₹1,460 (85.99% premium)
- BSE Listing Price: ₹1,491 (89.94% premium)
- Price Band: ₹745 to ₹785 per share
- IPO Size: ₹500 crore
- Subscription Rate: Oversubscribed 175.31 times
Trading Stats (as of 12:14 PM)
- Traded Volume: 66.92 lakh shares
- Traded Value: ₹932.87 crore
- Market Cap: ₹6,856.02 crore
Price Performance
- Current Price: ₹1,333.3 (-8.68% from listing price)
- Day High: ₹1,485
- Day Low: ₹1,331.25
- Opening Price: ₹1,460
Despite the initial euphoria, Unimech Aerospace’s share price witnessed a decline, with the stock trading at ₹1,333.3 by noon, marking an 8.68% drop from its listing price.
Subscription Details
The IPO received a strong response across investor categories:
- Qualified Institutional Buyers (QIBs): 317.63 times
- Non-Institutional Investors (NIIs): 263.78 times
- Retail Investors: 56.74 times
Financial Highlights
Unimech Aerospace has demonstrated robust growth in recent years:
| Particulars | FY22 | FY23 | FY24 | Q1 FY25 |
|---|---|---|---|---|
| Revenue | ₹36.35 cr | ₹94.17 cr | ₹208.78 cr | ₹120.66 cr |
| Net Profit | ₹3.39 cr | ₹22.81 cr | ₹58.13 cr | ₹38.68 cr |
IPO Timeline Recap
- IPO Subscription: December 23-26
- Allotment Finalization: December 27
- Listing Date: December 31
Industry Outlook
Unimech Aerospace operates in high-demand sectors such as aerospace, defense, energy, and semiconductors. The company’s focus on complex manufacturing solutions positions it as a key player in these growing industries.
Lead Managers and Registrars
- Lead Book-Running Managers: Anand Rathi Securities and Equirus Capital
- Registrar: KFin Technologies
Market Expectations
The IPO listing has already set benchmarks, surpassing the initial excitement. With the upcoming New Year’s break, analysts are keen to see if Unimech Aerospace’s shares maintain momentum or stabilize in the face of new competition entering the market.
Unimech Aerospace’s strong fundamentals and high subscription rates suggest a promising future, making it a stock to watch for investors in the aerospace and manufacturing sectors.
