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.

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.

Shares of Unimech Aerospace made a strong debut on Dalal Street despite markets opening in red after having garnered massive subscriptions through its 3-day bidding process. Unimech Aerospace shares listed at Rs 1,

( MENAFN - KNN India) New Delhi, Dec 31 (KNN) Unimech Aerospace and manufacturing made an impressive stock market debut on Tuesday, with shares opening at Rs 1,491 on the Bombay stock exchange (BSE), marking a substantial 89.9 percent premium over its initial public offering (IPO) price of Rs 785.

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.

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.