Unimech Aerospace IPO: GMP, price range, should you apply on Monday’s offering

Unimech Aerospace IPO: The initial public offering (IPO) of engineering solutions company Unimech Aerospace and Manufacturing Ltd is scheduled to take place on Dalal Street next week. this $The Rs 500-crore Unimech Aerospace IPO is a main board IPO and the company’s shares will be listed on two stock exchanges, BSE and NSE.

Unimech Aerospace & Manufacturing is a manufacturer of complex tools such as mechanical components, electromechanical systems and assemblies for the production of aircraft engines and airframes. The engineering solutions provider serves customers in the aerospace, defense, energy and semiconductor industries.

Let’s check Unimech Aerospace and Manufacturing IPO details, GMP, review on launch tomorrow.

Unimech Aerospace IPO Details

Bidding for the Unimech Aerospace IPO will open on Monday, December 23, and close on Thursday, December 26. BSE and NSE.

Unimech Aerospace IPO price range set at $Chapter 745 $There are 785 shares per share, and the IPO lot size is 19 shares. The minimum investment amount required for retail investors is $14,915. The company plans to raise $500 crore is at the upper end of the price range of the book issue, which is a combination of 31.84 million freshly issued equity shares, totaling $250 crores and an offer for sale (OFS) portion of an equal number of shares. $2.5 billion rupees.

The company has raised $Ahead of the IPO opening tomorrow, anchor investors have raised Rs 149.5 crore. Unimech Aerospace allotted 19,05,094 equity shares $On Friday, December 20, the price of $785 per share was distributed to 18 major investors.

The Company intends to use the net proceeds from the offering for capital expenditures, working capital needs, investments in significant subsidiaries and for general corporate purposes.

Anand Rathi Securities and Equirus Capital are the bookkeeping lead managers for the Unimech Aerospace IPO, while Kfin Technologies is the IPO registrar.

Unimech Aerospace IPO Today GMP

Unimech Aerospace and Manufacturing shares are showing a bullish trend on the unlisted market, with strong gray market premiums (GMP). Unimech Aerospace IPO GMP is today, according to stock market observers $482 per share. This means that in the gray market, Unimech Aerospace shares are trading higher $482 higher than its issue price.

Unimech Aerospace IPO GMP shows the stock is currently trading at $The gray market has 1,267 shares per share, a premium of more than 61% to the issue price. $785 per share.

Unimech Aerospace IPO Review

Unimech Aerospace and Manufacturing Ltd. is engaged in the niche market of manufacturing aerospace tools and precision parts for use in the aircraft maintenance, repair and overhaul (MRO), defence, semiconductor and energy industries. Most analysts recommend buying the Unimech Aerospace IPO based on its future prospects and low valuation compared to peers.

“At the price ceiling $785, the company’s annualized price-to-earnings ratio for FY25 is 51.6 times post-issuance capital, which is at a discount to peers. We recommend investors to subscribe to the issue at the cut-off price,” SBI Securities said.

StoxBox Research Analyst Abhishek Pandya noted that as of September 2024, the company has a backlog worth $807.52 million, with lead times ranging from 4 weeks to 16 weeks.

“Based on fiscal 2024 earnings, the issuance trades at a relatively low price-to-earnings ratio of 59.3 times. Considering the company’s strong financial performance, industry tailwinds and attractive valuation, we recommend giving this issuance a ” “Subscribe” rating.

Disclaimer: The above views and recommendations only represent the views and recommendations of individual analysts or brokerage firms and have nothing to do with Mint. Investors are advised to consult a certified expert before making any investment decisions.