Unimech Aerospace and Manufacturing IPO
Unimech Aerospace and Manufacturing Limited (UNIMECH) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 31 December 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +82.5% (likely range +36% to +107%), day's high +82.5%, chance of a gain 92%. Actual: +86.0% at the open, +89.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 13,38,255 | 42,50,68,114 | 318x | |
| NII (HNI) total | 10,03,692 | 26,47,55,538 | 264x | |
| Big NII (above ₹10 lakh) | 6,69,128 | 19,19,68,609 | 287x | |
| Small NII (₹2-10 lakh) | 3,34,564 | 7,27,86,929 | 218x | |
| Retail | 23,41,947 | 13,28,80,642 | 56.7x | |
| Employees | 20,134 | 19,69,274 | 97.8x | |
| Total | 47,04,028 | 82,46,73,568 | 175x |
Bids on NSE and BSE together, as published by NSE, as of 26 Dec 2024, 07:00 PM. Shares offered exclude the anchor portion. 15% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Unimech Aerospace and Manufacturing's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Mukka ProteinsMar 2024 | 189x | 250x | 58.5x | 137x | ₹224 Cr | +42.9% | +50.9% |
| Orient TechnologiesAug 2024 | 190x | 301x | 66.9x | 152x | ₹218 Cr | +39.8% | +46.8% |
| KRN Heat Exchanger and RefrigerationSep 2024 | 253x | 432x | 98.3x | 214x | ₹344 Cr | +118.2% | +133.4% |
| Gala Precision EngineeringSep 2024 | 233x | 415x | 91.9x | 201x | ₹168 Cr | +36.3% | +43.1% |
| Vraj Iron and SteelJun 2024 | 164x | 209x | 54.9x | 119x | ₹182 Cr | +15.9% | +21.7% |
| Arkade DevelopersSep 2024 | 163x | 163x | 51.4x | 107x | ₹434 Cr | +36.7% | +48.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Anand Rathi Advisors | 11 | +28.5% | 91% |
| Equirus Capital | 34 | +21.3% | 74% |
Offer documents (NSE)
Frequently asked
What is the Unimech Aerospace and Manufacturing IPO price band and lot size? ₹745–785 per share, with a lot of 19 shares, so the smallest retail bid is ₹14,915.
How many times has it been subscribed? 175x overall: QIB 318x, NII 264x, retail 56.7x, employees 97.8x.
How did it list? It opened at ₹1,460, +86.0% against the issue price of ₹785, and closed its first day +75.3%.
