Unimech Aerospace and Manufacturing IPO: Investors have a great opportunity to invest in Unimech Aerospace and Manufacturing, the last IPO of the year 2024. Investors can invest in this IPO till Thursday, 26 December 2024. The company working on engineering solutions is going to raise Rs 500 crore from the market and the company has fixed the price band of the IPO at Rs 745-785 per share. 

Competition among investors to invest 

Unimec Aerospace and Manufacturing's IPO opened on 23 December and 26 December 2024 is the last date for investment in the IPO. In the first two days of opening of the IPO, it has attracted the attention of investors. This can be gauged from the fact that the IPO has been subscribed 9.09 times in the first two days. The reserve quota for institutional investors has been subscribed 4.64 times, the quota for non-institutional investors 12.07 times, the reserve quota for retail investors 10.30 times. The reserve quota for employees has been subscribed 15.56 times so far. 

IPO will be listed on 31 December 

Unimech Aerospace is raising Rs 500 crore in the IPO, out of which Rs 250 crore is being raised through new shares and Rs 250 crore through offer for sale. Allotment in the IPO will be finalised on December 27 and the IPO will be listed on BSE-NSE on December 31, 2024, the last trading session of the year 2024. 

Financial performance is excellent 

There is a lot size of 19 shares and for this investors will have to pay Rs 14,915. A maximum of 14 investors can apply for 14 lots. Anand Rathi Securities, Equirus Capital are the lead managers of the IPO and Kfin Technologies is the registrar. If we look at the financial performance, the company's revenue in the financial year 2022-23 was Rs 94.94 crore and profit was Rs 22.81 crore. Whereas in the financial year 2023-24, the revenue was Rs 213.79 crore and profit was Rs 58.13 crore. 

Know the GMP of Unimech Aerospace

The GMP of Unimech Aerospace is running at Rs 510. That is, a bumper listing of the stock is possible on December 31 and the stock can be listed at Rs 1295 with a jump of 65 percent.