Unimech Aerospace and Manufacturing IPO GMP Today: Unimech Aerospace and Manufacturing Limited, a prominent player in the aerospace and precision manufacturing sector, has recently launched its Initial Public Offering (IPO). This development has garnered significant attention from investors, particularly concerning the Grey Market Premium (GMP) associated with the IPO. Below is a comprehensive overview of the Unimech Aerospace IPO, including its GMP, subscription status, and other pertinent details.
Company Overview
Unimech Aerospace and Manufacturing IPO GMP Today: Established in 2016, Unimech Aerospace and Manufacturing Limited specializes in providing engineering solutions, focusing on complex tooling, mechanical assemblies, electromechanical turnkey systems, and precision components for industries such as aerospace, defense, energy, and semiconductors. The company operates state-of-the-art manufacturing facilities in Bengaluru, certified with AS 9100D for aerospace quality management, BS EN ISO 9001:2015 for quality management systems, and ISO 45001:2018 for occupational health and safety.
IPO Details
Issue Size: The IPO aims to raise ₹500 crore, comprising a fresh issue of ₹250 crore and an offer for sale of ₹250 crore.
Price Band: The price band is set between ₹745 and ₹785 per equity share.
Face Value: ₹5 per equity share.
Lot Size: Investors are required to bid for a minimum of 19 shares, with the total investment amounting to ₹14,915 at the highest price band.
IPO Dates: The subscription period is from December 23, 2024, to December 26, 2024.
Listing Date: The shares are expected to be listed on December 31, 2024, on both BSE and NSE.
Grey Market Premium (GMP) Analysis
Unimech Aerospace and Manufacturing IPO GMP Today: The Grey Market Premium (GMP) for the Unimech Aerospace IPO, as of December 24, 2024, is recorded at ₹510.
This indicates that the shares are trading at a premium of approximately 65% over the upper end of the price band (₹785), suggesting an estimated listing price of around ₹1,295 per share.
Unimech Aerospace and Manufacturing IPO GMP Today: The robust GMP reflects strong investor interest and positive market sentiment towards the company’s prospects.
Subscription Status
By the second day of the IPO bidding process, the issue has been subscribed 3.82 times, with the retail portion leading at 4.46 times subscription.
Unimech Aerospace and Manufacturing IPO GMP Today: This enthusiastic participation underscores the confidence investors have in Unimech Aerospace’s business model and growth potential.
Financial Performance
Unimech Aerospace has showcased remarkable financial growth over the past few years:
FY 2022: Revenue of ₹36.35 crore; Net Profit of ₹3.39 crore.
FY 2023: Revenue of ₹94.17 crore; Net Profit of ₹22.81 crore.
FY 2024: Revenue of ₹208.78 crore; Net Profit of ₹58.13 crore.
Unimech Aerospace and Manufacturing IPO GMP Today: This consistent upward trajectory highlights the company’s effective business strategies and its ability to scale operations successfully.
Utilization of IPO Proceeds
The funds raised through the IPO are planned to be allocated for:
1. Capital Expenditure: Acquisition of machinery and equipment to enhance production capabilities.
2. Working Capital Requirements: Supporting day-to-day operational expenses.
3. Investment in Subsidiaries: Funding machinery purchases, working capital needs, and repayment of certain borrowings.
4. General Corporate Purposes: Addressing miscellaneous corporate expenses.
Investor Considerations
Unimech Aerospace and Manufacturing IPO GMP Today: Potential investors should note that while a high GMP is indicative of strong market sentiment, it does not guarantee listing gains. Market conditions can change rapidly, and GMP figures are subject to volatility. Therefore, it is advisable to consider the company’s fundamentals, financial health, and growth prospects before making investment decisions.