The month of December is very active for IPOs. Among many big names, now the IPO of Unimac Aerospace and Manufacturing Limited, a company related to space and manufacturing sector, is coming.
- Opening date: 23 December 2024.
- Closing Date: 26 December 2024.
- Price Band: ₹785 per share.
Strong performance in gray market
According to Investorgain.com, Unimac Aerospace's IPO is trading at a premium of ₹405 in the gray market.
- Expected listing price: ₹1,190 per share.
- This indicates that investors can get a profit of 52% on the very first day of listing.
- Listing Date: 31 December 2024 (on BSE and NSE).
IPO details
- IPO size: ₹500 crore.
- Fresh issue: ₹250 crore.
- Offer for Sale (OFS): ₹250 crore.
- Use of funds:
- Capital expenditure through purchase of machinery and equipment.
- To meet working capital needs.
- Funding of material capital and working capital of the subsidiary.
- Partial or full repayment of loan.
- For general corporate purposes.
Unimac Aerospace: Company Profile
Established in 2016, Unimech Aerospace & Manufacturing Limited is a growing engineering solutions company.
- Expertise:
- Aero Tooling.
- Ground support equipment.
- Electro-Mechanical Sub-Assembly.
- Industry:
- Aerospace.
- Defense.
- Energy.
- Semiconductor.
- The company specializes in manufacturing and supplying critical and precision engineered components.
Why is Unimac Aerospace IPO special?
- Investment opportunity in space sector:
- Due to the increasing demand in the aerospace and defense sector, Unimac Aerospace's business can grow rapidly.
- High Growth Prospects:
- The company is planning to expand with new equipment and machinery.
- Listing Gain:
- The gray market premium indicates that this IPO could provide good returns for investors.
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