Unimech Aerospace IPO Listing Date: December 31, 2024
The much-anticipated Unimech Aerospace and Manufacturing Ltd. IPO is set to debut in the Indian stock market today. The equity shares will be listed on both the BSE and NSE, and trading will begin at 10:00 AM today, following the Special Pre-open Session (SPOS).
The IPO opened for subscription from December 23 to 26, with allotment finalized on December 28. According to a BSE notice, the equity shares will be admitted to trading under the ‘B’ Group of Securities.
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Unimech Aerospace IPO Grey Market Premium (GMP) and Listing Expectations
Ahead of the listing, Unimech Aerospace IPO GMP shows a bullish trend, signaling a strong market debut. The grey market premium (GMP) for Unimech Aerospace shares is ₹716 per share, suggesting that the shares are trading at a premium in the unlisted market.
- Issue Price: ₹785 per share
- Estimated Listing Price: ₹1,501 per share (a 91% premium)
This premium indicates a potential multibagger return for investors who have been allotted shares in the IPO.
Investor Sentiment and Market Outlook
Unimech Aerospace has generated strong investor interest, with the IPO being oversubscribed 175.31 times. The company’s robust financial performance and industry positioning have bolstered investor confidence, with analysts predicting a strong debut today.
Abhishek Pandya, Research Analyst at StoxBox, stated:
“Given the strong investor interest and the 90% premium expected, Unimech Aerospace shares are likely to debut well above the IPO price, signaling a positive start in the market.”
Company Overview and Analyst Insights
As of September 2024, Unimech Aerospace had a backlog of ₹807.52 million in orders, with delivery timelines of 4 to 16 weeks. The company’s P/E ratio of 59.3x (based on FY24 earnings) is relatively lower than its peers, making it an attractive option for long-term investors.
Pandya recommends that investors who received shares in the IPO should consider holding them for a medium to long-term perspective, as the company’s financials, industry trends, and valuation appear favorable.
Conclusion: A Positive Outlook for Unimech Aerospace IPO
With strong grey market activity and an oversubscribed IPO, Unimech Aerospace shares are expected to have a robust debut today. Investors who have secured allotments should be prepared for significant potential returns as the company enters the stock market.