Despite the negative sentiment in the stock market, Unimech Aerospace and Manufacturing’s IPO has had an impressive debut.
The stock was listed at Rs 1460, significantly higher than the issue price of Rs 785, marking a rise of 86 percent. The stock further surged, reaching Rs 1485 on the first day, offering a remarkable 90 percent return to investors.
Market Capitalization Hits Rs 7,000 Crore
Unimech Aerospace’s IPO was listed on the Bombay Stock Exchange (BSE) at Rs 1491 and on the National Stock Exchange (NSE) at Rs 1460.
Following the strong debut, the stock price has now settled at Rs 1365, which still reflects a 73.90 percent gain. This brings the company’s market capitalization to Rs 7,000 crore, highlighting its significant value in the market.
High Demand for the IPO
Unimech Aerospace’s IPO saw an overwhelming response from investors.
It was subscribed 185 times in total, with the institutional investors’ quota subscribed 334 times, the non-institutional investors’ quota subscribed 277 times, and the retail investors’ quota subscribed 59.19 times.
The company raised Rs 500 crore, with Rs 250 crore coming from new shares and another Rs 250 crore through an offer for sale.
The IPO, which was open from 23 to 26 December 2024, saw applications worth Rs 64,601 crore, far exceeding the initial offering size.
Financial Performance of Unimech Aerospace
Looking at the financials, Unimech Aerospace reported a revenue of Rs 94.94 crore and a profit of Rs 22.81 crore for the financial year 2022-23.
In 2023-24, the company’s revenue more than doubled to Rs 213.79 crore, with profits rising to Rs 58.13 crore, reflecting strong growth and performance.
