Unimech Aerospace Makes a Grand Entrance on the Stock Market

In an unprecedented event, Unimech Aerospace and Manufacturing Ltd witnessed its shares soar by an impressive 90% above its issue price of Rs 785 on its debut. The trading commenced at Rs 1,491 on the BSE, marking a near 90% increase, and at Rs 1,460 on the NSE, up by 85.98%.

Robust Investor Response to IPO

The company's initial public offering was met with overwhelming investor enthusiasm, being oversubscribed 174.93 times by the close of bidding on Thursday. This strong market debut propelled Unimech Aerospace to a market capitalisation of Rs 6,956.20 crore.

About Unimech Aerospace

Unimech Aerospace stands as a leading provider of high-precision engineering solutions, catering to a diverse range of sectors including aerospace, defence, energy, and semiconductors. The Rs 500-crore public offering was structured with a fresh issue worth Rs 250 crore and an Offer-for-Sale (OFS) component of Rs 250 crore, with a price band set at Rs 745-785.