Last Updated:
Retail Individual Investors component brings 4.45 times membership, while the group for NII obtains 4.02 times membership. The allocation for QIBs obtains subscribed 2.49 times.
Unimech Aerospace and Manufacturing IPO.
The going public of Unimech Aerospace and Manufacturing Ltd got 3.81 times membership on the initial day of share sale on Monday, aided by urging financiers’ engagement. The Rs 500-crore first share sale got proposals for 1,79,22,111 shares, as versus 47,04,028 shares available, based on NSE information.
Retail Individual Investors (RIIs) component brought 4.45 times membership, while the group for non-institutional financiers got 4.02 times membership. The allocation for Qualified Institutional Buyers (QIBs) obtained subscribed 2.49 times.
The Initial Public Offering (IPO) has a fresh problem of as much as Rs 250 crore and an offer-for-sale (OFS) of as much as Rs 250 crore.
Price variety for the deal has actually been repaired at Rs 745-785 per share.
Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are guide running lead supervisors to the deal.
Unimech Aerospace is a high-precision design options firm being experts in intricate production options for the aerospace, protection, power and semiconductor sectors.
Shares of the company will certainly be detailed on the BSE and NSE.
(This tale has actually not been modified by News 18 personnel and is released from a syndicated information company feed – PTI)
