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Today is the second day of bidding for the IPO of Unimech Aerospace and Manufacturing Limited. This IPO was subscribed a total of 4.05 times on the first day. In the retail category, this issue was subscribed the maximum 4.75 times. At the same time, the Qualified Institutional Buyers (QIB) category was subscribed 2.62 times and the Non-Institutional Investors (NII) category was subscribed 4.26 times.
You will be able to bid for this initial public offering till 26th December, which opened yesterday i.e. 23rd December. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 31. The company wants to raise ₹500 crore through this issue. For this, the existing investors of the company are selling 31,84,712 shares worth ₹250 crore. With this the company will issue 31,84,712 fresh shares worth ₹250 crore.
If you are also planning to invest money in it, then we are telling you how much you can invest in it.
What is the minimum and maximum amount that can be invested?
Unimech Aerospace & Manufacturing has set the IPO price band at ₹745-₹785. Retail investors can bid for a minimum of one lot i.e. 19 shares. If you apply for 1 lot as per the upper price band of IPO of ₹785, then you will have to invest ₹14,915.
Whereas, retail investors can apply for maximum 13 lots i.e. 247 shares. For this, investors will have to invest ₹ 1,93,895 as per the upper price band.
35% of the issue reserved for retail investors
The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
Unitech Aerospace and Manufacturing was incorporated in the year 2016.
Unitech Aerospace and Manufacturing was incorporated in the year 2016. The company deals in manufacturing of complex tools such as mechanical assemblies, electro-mechanical systems and components for aeroengine and airframe production.
Unimec Aerospace & Manufacturing is a vital link in the global supply chain for the supply of critical parts such as aero tooling, ground support equipment, electro-mechanical sub-assemblies and other engineered components to global aerospace, semi-conductor, energy OEMs and their licensees. . Its key clients include top global airframe and aero-engine OEMs and their approved licensees.
What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.