Latest News | Unimech Aerospace IPO Subscribed 9 Times on Day 2 of Offer

Get latest articles and stories on Latest News at LatestLY. The initial public offer (IPO) of Unimech Aerospace and Manufacturing Ltd received 9.08 times subscription on the second day of bidding on Tuesday.

New Delhi, Dec 24 (PTI) The initial public offer (IPO) of Unimech Aerospace and Manufacturing Ltd received 9.08 times subscription on the second day of bidding on Tuesday.

The Rs 500-crore initial share-sale received bids for 4,27,26,573 shares against 47,04,028 shares on offer, as per NSE data.

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Non-institutional investors garnered 12.06 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 10.29 times. The category for Qualified Institutional Buyers (QIBs) fetched 4.64 times subscription.

The IPO has a fresh issue of up to Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore.

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Price range for the offer has been fixed at Rs 745-785 per share.

Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are the book running lead managers to the offer.

Unimech Aerospace is a high-precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, defence, energy and semiconductor industries.

Shares of the firm will be listed on the BSE and NSE.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

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