Unimech Aerospace IPO GMP Ahead Of Allotment Today: Here’s How To Check Status Online

Unimech Aerospace and Manufacturing Ltd. is set to finalise the allotment of shares for its initial public offering (IPO) on Friday, following a robust subscription period.

The Rs 500-crore mainboard issue was booked 175.31 times at the end of bidding on the final day on Thursday. Overall, investors placed bids for 82,46,73,568 shares against 47,04,028 shares on offer.

Ahead of allotment today, the grey market premium of the Unimech Aerospace IPO was Rs 630 as of 7:58 a.m. on Dec. 27, indicating a strong listing gain of 80.25%. If the current gains are sustained, the listing price will be Rs 1415 apiece.

Unimech Aerospace and Manufacturing IPO, which opened for subscription on Dec. 23, witnessed strong demand across all investor categories. The issue was booked 317.63 times by the qualified institutional buyers (QIBs), followed by non-institutional investors (NIIs), who subscribed to their category 263.78 times.

Retail investors applied for 56.74 times of the portion reserved for them. Unimech Aerospace IPO received strong demand from the employees as well. The category was booked 97.81 times.

With such a strong response from investors, the allotment of shares in Unimech Aerospace IPO is expected to be highly competitive. Those who bid in the IPO can check the allotment status online via the official websites of BSE, NSE and the issue's registrar Kfin Technologies Ltd.

• Log on to the IPO allotment page on the BSE website here.

• Click on 'Equity' under the Issue Type dropdown menu.

• Select 'Unimech Aerospace and Manufacturing Limited under the issue name.

• Enter your application number or PAN.

• Clear the 'Captcha' to verify that you are not a robot.

• Select the 'Search' option to view your allotment status.

• Visit the IPO allotment status page on the official website of KFin Technologies here.

• Select Unimech Aerospace and Manufacturing Limited from the list of companies.

• Choose any of these— Application Number, Demat account number or PAN.

• Enter details on the basis of your selection.

• Clear Captcha to proceed.

• Click Submit to check the allotment status.

Unimech Aerospace IPO share allotment status can also be checked on the NSE website. Investors can log in to their account on the NSE portal to check their allotment status.

Following the allotment of shares on Dec. 27, Unimech Aerospace and Manufacturing is expected to start the credit of shares to the Demat account of successful bidders on Dec. 30. Refunds for non-allottees will also be initiated on the same day.

The listing of Unimech Aerospace and Manufacturing Ltd. shares has been scheduled for Dec. 31. The stock will be listed on the NSE and BSE.

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According to InvestorGain, the grey market premium for the Unimech Aerospace IPO was Rs 630 as of 7:58 a.m. on Dec. 27. The GMP trends have shown an upward trajectory since the IPO price band was announced. The GMP of the issue was Rs 480 when the issue opened for subscription. As investor interest in the IPO grew, the GMP climbed to Rs 610 before closing at a high of Rs 630 on its final day of subscription.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

The company has proposed to use Rs 32.5 crore from the IPO proceeds to fund capital expenditure on the new machinery and equipment. Another Rs 25.2 crore will be used for working capital requirements and investment in its material subsidy.

Unimech Aerospace and Manufacturing Ltd. will allocate Rs 43.9 crore for capital expenditure for expansion through the purchase of machinery and equipment. Of the remaining funds, Rs 44.7 crore will go towards working capital and Rs 40 crore will be used for repayment or prepayment of borrowing and towards general corporate purposes.

Unimech Aerospace and Manufacturing Ltd. is a manufacturer of complex tooling, electro-mechanical turnkey systems, mechanical assemblies and precision components for clients in the aerospace, energy and semiconductor industries.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.