Unimac Aerospace’s IPO received total subscription of 175.31 times
Unimech Aerospace IPO Listing Price: Shares of Unimech Aerospace, a company related to the aerospace sector, got listed in the Indian stock market today with a huge premium. The company’s shares were listed on BSE at a price of Rs 1491 with a premium of 89.94 percent. Whereas, the company’s shares were listed on NSE at a price of Rs 1491 with a premium of 85.9 percent. Let us tell you that under its IPO, the company had fixed the price band of Rs 745 to Rs 785 for each share. This simply means that with the listing in the stock market, the value of investors’ shares increased by 90 percent.
The price fell much below the listing price due to profit booking by investors.
However, soon after the listing, investors started booking profits by selling shares at high prices. Due to this selling that started in the shares, their prices also started falling. At 11.27 am, shares of the company were trading at Rs 1342.70 on BSE, down Rs 148.30 (9.95 per cent) from their listing price. Whereas, on NSE also the shares of the company were trading at Rs 1343.05 with a fall of Rs 116.95 (8.01%).
Unimac Aerospace’s IPO received total subscription of 175.31 times
Let us tell you that the IPO of Unimac Aerospace, which opened on Monday, 23 December, was closed on Thursday, 26 December. The IPO of Unimac Aerospace was wholeheartedly supported by the investors. This IPO received a total subscription of 175.31 times. Unimac Aerospace has issued a total of 63,69,424 shares with a face value of Rs 5 each to raise Rs 500 crore through this IPO. Of these, 31,84,712 new shares worth Rs 250 crore have been issued and the remaining 31,84,712 shares worth Rs 250 crore have been issued by the promoters of the company through OFS.
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