Unimech Aerospace and Manufacturing shares drop over 9% post listing

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Shares of Unimech Aerospace and Manufacturing fell 9.4% to Rs 1,350.4 on the BSE after their strong debut on the exchanges on Tuesday. The stock debuted at Rs 1,491 on the BSE, with a premium of Rs 706 or 90% over the IPO price of Rs 785. On NSE, the shares debuted at Rs 1,460.

The Rs 500-crore IPO of high-precision engineering solutions provider Unimech Aerospace, comprising a fresh issue of Rs 250 crore and an offer-for-sale of Rs 250 crore, was open for subscription during December 23-26.


The company’s IPO received an overall subscription of 175.31 times as it attracted bids for 82.46 crore equity shares against 47.04 lakh shares on the offer.

The retail investors portion was subscribed 56.74 times, while the non institutional investors subscribed by 263.78 times. Meanwhile, the qualified institutional buyers category was booked 317.63 times.


Also Read:Sensex & Nifty in 2025: Predictions, targets, must-have stocks for the new year

Analysts had recommended subscribing to the IPO, highlighting the company's strong position in the aerospace sector due to its focus on manufacturing critical components for global original equipment manufacturers (OEMs)."Unimech Aerospace’s IPO presents an appealing opportunity for investors in the engineering and aerospace sectors, given its competitive valuation metrics and growth prospects," said Canara Bank Securities while assigning a subscribe rating to the stock.Also Read: Nifty’s hot streak cooling off: 2025 returns likely to fall short

Unimech Aerospace and Manufacturing is an engineering solutions provider specializing in the manufacturing and supply of critical parts such as aero tooling, ground support equipment, electro-mechanical sub-assemblies, and other precision-engineered components for the aerospace, defence, energy, and semiconductor industries.

Anand Rathi Securities, Equirus Capital were the book running lead managers of the Unimech Aerospace IPO, while Kfin Technologies was the IPO registrar.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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