Unimech Aerospace Limited’s Initial Public Offering (IPO) has garnered significant attention from investors, thanks to robust demand and an impressive grey market premium (GMP). The IPO, which opened for subscription between December 23 and December 26, saw substantial oversubscription, with high participation across various investor categories. As the allotment date approaches, investors are keen to check their share allotment status and stay updated on the company’s stock performance. Here’s everything you need to know about the Unimech Aerospace IPO allotment process, GMP, and listing.
Overview of Unimech Aerospace IPO
Unimech Aerospace Limited, known for its expertise in manufacturing high-precision aerospace components, launched its IPO with a price band of ₹745 to ₹785 per share. The company aimed to raise ₹500 crore through this IPO, which consisted of:
- A fresh issue of 32 lakh shares worth ₹250 crore.
- An offer-for-sale (OFS) of shares amounting to ₹250 crore.
The IPO received overwhelming demand, with a total subscription of 175.31 times. Here’s a breakdown of the subscription:
- Qualified Institutional Buyers (QIBs): Subscribed 317.63 times.
- Non-Institutional Investors (NIIs): Subscribed 263.78 times.
- Retail Investors: Subscribed 56.74 times.
- Employee Quota: Subscribed 97.81 times.
Key Dates for Unimech Aerospace IPO
| Event | Date |
| IPO Open Date | December 23, 2024 |
| IPO Close Date | December 26, 2024 |
| Allotment Date | December 27, 2024 |
| Refund Initiation | December 30, 2024 |
| Shares Credited to Demat | December 30, 2024 |
| Listing Date | December 31, 2024 |
How to Check Unimech Aerospace IPO Allotment Status Online
Once the IPO allotment is finalized, investors can check their allotment status online through two primary platforms: BSEand the IPO registrar, Kfin Technologies.
Steps to Check Allotment on BSE Website
- Visit the BSE website: https://www.bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ under the Issue Type dropdown.
- Choose ‘Unimech Aerospace Limited’ from the Issue Name menu.
- Enter your Application Number or PAN (Permanent Account Number).
- Verify using the ‘I am not a robot’ checkbox.
- Click on ‘Search’ to view your IPO allotment status.
Steps to Check Allotment on Kfin Technologies Website
- Visit the Kfin Technologies portal: https://kosmic.kfintech.com/ipostatus/.
- Select ‘Unimech Aerospace Limited’ from the dropdown menu.
- Enter your details (Application No., Demat Account, or PAN) based on your preference.
- Fill in the Captcha Code displayed.
- Click on ‘Submit’ to access your allotment status.
Unimech Aerospace IPO Grey Market Premium (GMP)
The grey market premium (GMP) for Unimech Aerospace IPO has been stellar, reflecting strong investor sentiment. As of December 27, the GMP stood at ₹630 per share, indicating that the shares are trading at a significant premium in the unofficial market.
Expected Listing Price
Considering the GMP of ₹630 and the IPO price of ₹785, the estimated listing price is ₹1,415 per share, offering a premium of 80.25% to the issue price.
Highlights of Unimech Aerospace IPO Performance
- Subscription Success: The IPO was oversubscribed 175.31 times, with the QIB portion leading at 317.63 times.
- Robust Grey Market Activity: The high GMP suggests strong demand in the secondary market, further enhancing investor confidence.
- Listing Anticipation: The shares are expected to list on December 31, 2024, on both BSE and NSE.
Why Invest in Unimech Aerospace?
a. Strong Fundamentals
Unimech Aerospace is a key player in the aerospace manufacturing sector, catering to a high-growth industry with increasing global demand.
b. Financial Strength
The company has shown consistent revenue growth and profitability, making it a lucrative choice for investors.
c. Market Sentiment
The impressive GMP reflects the market’s confidence in the company’s future performance and growth potential.
What’s Next for Investors?
Once the allotment process is complete:
- Successful allottees will see the shares credited to their demat accounts by December 30, 2024.
- Refunds for unsuccessful bidders will also be processed on the same date.
- Investors can begin trading the shares on December 31, 2024, once they are listed.
FAQs
1. How can I check the Unimech Aerospace IPO allotment status?
You can check the allotment status via the BSE website (https://www.bseindia.com) or Kfin Technologies portal (https://kosmic.kfintech.com) by providing your application number, PAN, or demat details.
The GMP for Unimech Aerospace IPO is ₹630 per share, suggesting an estimated listing price of ₹1,415 per share.
The shares are expected to be listed on BSE and NSE on December 31, 2024.
4. What was the subscription rate for Unimech Aerospace IPO?
The IPO was subscribed 175.31 times overall, with the QIB portion leading at 317.63 times.
5. Who is the registrar for Unimech Aerospace IPO?
Kfin Technologies is the official registrar for Unimech Aerospace IPO.
By following the steps outlined above, investors can seamlessly check their allotment status and prepare for the listing of Unimech Aerospace shares. The robust GMP and market sentiment surrounding this IPO suggest a promising debut for the company.