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The ₹500-crore IPO, which was open for subscription from December 23 to December 26, witnessed robust demand, being oversubscribed by 175 times. The price band for the issue was set between ₹745 and ₹785 per share.
Qualified Institutional Buyers (QIBs) led the charge, subscribing to 317.63 times their reserved quota in Unimech Aerospace IPO, followed by Non-Institutional Investors (NIIs) at 264 times. Retail investors subscribed their allocation in the issue over 56.74 times.
How to check Unimech Aerospace’s IPO allotment status?
Investors can check their allotment status via the BSE website or KFin Technologies, the IPO registrar:
On the BSE website:
1. Visit the BSE IPO allotment page.
2. Select “Equity” as the issue type.
3. Choose “Unimech Aerospace and Manufacturing Ltd” from the dropdown.
4. Enter your application number or PAN.
5. Click “Search” to view your status.
On KFin Technologies’ website:
1. Visit the KFin Technologies IPO page.
2. Select “Unimech Aerospace and Manufacturing Ltd” from the dropdown.
3. Enter your PAN, application number, or DP/Client ID.
4. Click “submit” to check your status.
Shares will be credited to the demat accounts of successful applicants, while refunds will be issued to unsuccessful ones.
Unimech Aerospace IPO details
Ahead of the IPO, Unimech Aerospace and Manufacturing raised ₹149.5 crore from anchor investors by allocating 19.05 lakh shares at ₹785 apiece.
Unimech Aerospace IPO included a fresh issue of ₹250 crore and an offer-for-sale (OFS) of ₹250 crore. Proceeds from the fresh issue will be used for procuring machinery and equipment, funding working capital requirements, repaying or prepaying certain borrowings and general corporate purposes.
About Unimech Aerospace
Incorporated in 2016, Unimech Aerospace and Manufacturing Ltd specialises in engineering and manufacturing complex tools, including mechanical assemblies, electro-mechanical systems, and components for aero engines and airframes. The company provides engineering solutions with “build-to-print” and “build-to-specifications” offerings.
