Unimech Aerospace will use the funds from its initial public offering for capital expenditure in "two tranches", the company's chairman and managing director said.

Shares of Unimech Aerospace listed at a solid 90% premium on the BSE over its IPO price. On NSE, the stock debuted at 86% premium. However, the stock witnessed some profit taking and ended below the listing price.

Unimech Aerospace's Anchor book included names like Goldman Sachs, Ashoka India Equity Investment Trust, Sunil Singhania's Abakkus Diversified Alpha Fund, Copthall Mauritius, Clarus Capital, and various domestic mutual funds and insurance companies.

Unimech Aerospace and Manufacturing, a high-flying engineering solutions company, faces valuation concerns post blockbuster listing.

Unimech Aerospace IPO listing: Shares of Unimech Aerospace and Manufacturing made a stellar debut on bourses on Tuesday, December 31, 2024, listing at Rs 1,491 per share, reflecting a premium of Rs 706, or 89.9 per cent, against the issue price of Rs 785 on the BSE.

Engineering solutions provider Unimech Aerospace and Manufacturing Ltd will list on the exchanges today after it filed for its ₹500 IPO

Unimech Aerospace share price debuted on December 31 at ₹1,491 on the BSE, marking a 90% premium over the issue price of ₹785. The listing surpassed grey market expectations.

Unimech Aerospace shares made an impressive debut on the stock market, listing with a nearly 90% premium on the BSE compared to the issue price.

The Unimech Aerospace IPO has been subscribed a mammoth 317.63 times in QIBs, 263.40 times in NIIs, and 56.16 times in RIIs categories. Shares of Unimech Aerospace and Manufacturing Limited are scheduled to make their debut on the bourses on Tuesday i.

Unimech Aerospace IPO listing is expected to take place tomorrow. Ahead of share listing, Unimech Aerospace IPO GMP today signals a strong debut of shares.

The ₹500 crore initial share sale of Unimech Aerospace and Manufacturing Ltd. was open for public bidding from December 23 to December 26.