Unimech Aerospace and Manufacturing Ltd. made a remarkable debut on the stock market today, December 31, 2024. The company’s shares were listed at ₹1,460 on the National Stock Exchange (NSE), reflecting an impressive 85.99% premium over its initial public offering (IPO) price of ₹785. On the Bombay Stock Exchange (BSE), the stock opened even higher at ₹1,491, indicating a premium of 89.94%.
Listing Details
The listing of Unimech Aerospace marks a significant milestone for the company, which specializes in high-precision engineering solutions for various sectors including aerospace, energy, defense, and semiconductors. Here are the key details regarding the IPO:
- Listing Date: December 31, 2024
- NSE Listing Price: ₹1,460
- BSE Listing Price: ₹1,491
- IPO Price: ₹785
- Total Issue Size: ₹500 crore
The funds raised through this IPO are intended for several strategic purposes, including purchasing new machinery, meeting working capital needs, and financing general corporate activities.
Grey Market Premium (GMP)
Prior to its listing, Unimech Aerospace shares were trading with a notable Grey Market Premium (GMP) of approximately ₹625. This premium reflected strong investor sentiment and anticipation of a positive performance upon listing. The GMP surged during the subscription period, indicating bullish expectations for the stock’s debut.
Share Price Performance
At the time of listing:
- Opening Price on NSE: ₹1,460
- Opening Price on BSE: ₹1,491
These opening prices represent substantial gains for investors who participated in the IPO. The strong debut is attributed to robust demand during the subscription phase and favorable market conditions surrounding the aerospace manufacturing sector.
Important Dates
Here are some critical dates related to the Unimech Aerospace IPO:
- IPO Subscription Period: December 23 – December 26, 2024
- Allotment Date: December 27, 2024
- Credit of Shares to Demat Accounts: December 30, 2024
- Listing Date: December 31, 2024
These dates are essential for investors tracking their investments and understanding when they can expect to see their shares in their accounts.
Subscription Details
The Unimech Aerospace IPO received overwhelming interest from investors. The total subscription rate was an impressive 175.31 times, broken down as follows:
- Qualified Institutional Buyers (QIBs): 317.63 times
- Non-Institutional Investors (NIIs): 263.78 times
- Retail Investors: 56.74 times
This high level of oversubscription highlights strong confidence in Unimech’s business model and growth potential.
Financial Performance Overview
Unimech Aerospace has demonstrated impressive financial growth over recent years:
- FY22 Revenue: ₹36.35 crore
- FY23 Revenue: ₹94.17 crore
- FY24 Revenue: ₹208.78 crore
- Q1 FY25 Revenue: ₹120.66 crore
Net profits have also seen significant increases:
- FY22 Net Profit: ₹3.39 crore
- FY23 Net Profit: ₹22.81 crore
- FY24 Net Profit: ₹58.13 crore
- Q1 FY25 Net Profit: ₹38.68 crore
These financial metrics underscore Unimech’s robust growth trajectory and operational efficiency.
Conclusion
The successful listing of Unimech Aerospace marks a significant milestone for the company and reflects strong investor enthusiasm in the aerospace and manufacturing sectors. As trading begins today, market participants will be closely monitoring share price movements and overall market sentiment surrounding this promising IPO.
Disclaimer
The information provided in this article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions as market conditions can change rapidly.
