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.

The initial public offering (IPO) of Unimech Aerospace and Manufacturing Limited garnered an overwhelming response, with a subscription rate of 174.93 times by the final day of bidding.

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 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.

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.

Unimech Aerospace IPO listing date is today. Ahead of share listing, Unimech Aerospace IPO GMP today signals a strong debut of shares. Analysts also expect Unimech Aerospace shares to see a strong listing in the stock market today.

Unimech Aerospace and Manufacturing Ltd shares debuted on the stock exchange with a notable 90% premium above its Rs 785 issue price, listing at Rs 1,491 on the BSE and Rs 1,460 on the NSE. The company's IPO was significantly oversubscribed,