Unimech Aerospace and Manufacturing Limited’s Initial Public Offer (IPO) will open on 23 December. Investors can bid for this issue until 26 December. On 31 December, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The company wants to raise a total of ₹ 500 crore through this issue. To this end, the company’s existing investors are selling 31,84,712 shares worth ₹ 250 crore and issuing 31,84,712 fresh shares worth ₹ 250 crore.
What is the minimum and maximum amount can be invested in Unimech Aerospace IPO?
Unimech Aerospace and Manufacturing has fixed the price band of the IPO at ₹745-₹785. Retail investors can bid for a minimum of one lot i.e. 19 shares. If you apply for 1 lot as per the upper price band of the IPO of ₹785, then you will have to invest ₹14,915 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 247 shares. For this, investors will have to invest ₹1,93,895 as per the upper price band.
35% of the issue is reserved for retail investors
The company has reserved 50% of the issue for qualified institutional buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).
Unitech Aerospace and Manufacturing was incorporated in the year 2016
Unitech Aerospace & Manufacturing was incorporated in 2016. The company manufactures complex tools such as mechanical assemblies, electro-mechanical systems and components for aero-engine and airframe production.
Unimec Aerospace & Manufacturing is a key link in the global supply chain for supplying critical parts such as aero tooling, ground support equipment, electro-mechanical sub-assemblies and other engineered components to the global aerospace, semi-conductor, energy OEMs and their licensees. Its key clients include top global airframe and aero-engine OEMs and their approved licensees.
