Unimech Aerospace and Manufacturing Ltd's initial public offering (IPO) gained remarkable traction, being subscribed 174.93 times its initial bid. The Rs 500-crore offer attracted significant interest from Qualified Institutional Buyers,

According to stock market observers, shares of the company are available at a premium of ₹511 in the grey market today

The Qualified Institutional Buyers (QIBs) portion was subscribed 317.63 times, while non-institutional investors submitted bids 263.40 times more than the available shares. Retail Individual Investors (RIIs) participated heavily,

Unimech Aerospace shares have seen strong demand in the grey market, with the Grey Market Premium surging to Rs 630, nearly 80% higher than the IPO price. The IPO, which closes today, has seen heavy bidding,

Unimech Aerospace aims to raise Rs 500 crore through the IPO, which includes a fresh issue of Rs 250 crore and an offer for sale (OFS) of Rs 250 crore.

Unimech Aerospace specializes in high-precision engineering solutions, catering to industries such as aerospace, defence, energy, and semiconductors.

Unimech Aerospace shares were quoted at Rs 1,415 apiece, reflecting a grey market premium (GMP) of Rs 630, or 80.25 per cent against the upper end of the IPO price

Unlisted shares of Unimech Aerospace Ltd are trading at Rs 1,395 apiece in the grey market, which is a 77.7% premium over the IPO issue price of Rs 785, indicating a robust listing gain for investors on December 31.