Unimech Aerospace IPO opens tomorrow. Price band, GMP among 5 things to know before subscribing
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IPO Guide
The initial public offering (IPO) of Unimech Aerospace will open for subscription on Friday. The issue closes on December 17. Through the public offer, the company plans to raise nearly Rs 500 crore. Here are 10 things to know about the Unimech Aerospace IPO before subscribing to the issue.
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Unimech Aerospace business overview
Unimech is an engineering solutions company specializing in manufacturing and supply of critical parts such as aero tooling, ground
support equipment, electro-mechanical sub-assemblies and other precision engineered components for aerospace, defence, energy, and semiconductor industries.
support equipment, electro-mechanical sub-assemblies and other precision engineered components for aerospace, defence, energy, and semiconductor industries.
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Unimech Aerospace IPO GMP
According to market analysts, the current GMP of Enviro Infra Engineers is Rs 480, indicating a premium of 61% to the issue.
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Unimech Aerospace IPO size
The IPO of Unimech is a combination of fresh equity issue of up to Rs 250 crore and an offer of sale (OFS) up to Rs 250 crore by promoter and promoter group selling shareholders. Under the OFS, Ramakrishna Kamojhala, Rajanikanth Balaraman, Preetham S V and Rasmi Anil Kumar will offload part stakes.
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Unimech Aerospace IPO price band
The company has fixed a price band of Rs 745-785 per share, aiming to raise Rs 500 crore.
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Unimech Aerospace IPO structure
About 50% in the public offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.