Unimech Aerospace shares make stellar market debut; jump 90%
New Delhi: Shares of Unimech Aerospace and Manufacturing Ltd on Tuesday listed with a huge premium of nearly 90 per cent against the issue price of Rs 785.
The stock made its market debut at Rs 1,491, reflecting a sharp jump of 89.93 per cent from the issue price on the BSE.
At the NSE, it listed with a premium of 85.98 per cent at Rs 1,460.
The company’s market valuation stood at Rs 6,956.20 crore.
The initial public offer of Unimech Aerospace and Manufacturing Ltd received a whopping 174.93 times subscription on the last day of bidding on Thursday.
The Rs 500-crore initial share sale had a fresh issue of up to Rs 250 crore and an Offer-for-Sale (OFS) of up to Rs 250 crore.
Price range for the offer had been fixed at Rs 745-785 per share.
Unimech Aerospace is a high-precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, defence, energy and semiconductor industries.
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