Unimech Aerospace and Manufacturing IPO subscribed 3.82 times on Day 1
The Initial Public Offering of Unimech Aerospace and Manufacturing Limited was subscribed 3.82 times on the first day of bidding. The issue received bids of 1,79,56,102 shares against the offered 47,04,028 equity shares, at a price band of ₹745-785, according to the data available on the stock exchanges. Retail Portion and Non-Institutional Investors Portion were subscribed 4.46 times and 4.03 times respectively, whereas Qualified Institutional Buyer Portion were subscribed 2.49 times. Employee Portion was subscribed 6.48 times. The issue kicked off for subscription on Monday, December 23, 2024, and will close on Thursday, December 26, 2024. A day before the opening of the issue, Unimech Aerospace and Manufacturing Ltd raised Rs 149.55 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor included Goldman Sachs India Equity Portfolio, ICICI Prudential Transportation and Logistics Fund, Tata India Innovation Fund, Motilal Oswal, Edelweiss Truste...