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.
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.
