Latest News | Unimech Aerospace Shares Make Stellar Market Debut; Jump 90 Pc

New Delhi, Dec 31 (PTI) Shares of Unimech Aerospace and Manufacturing Ltd on Tuesday listed with a huge premium of nearly 90 per cent against the issue price of Rs 785.

The stock made its market debut at Rs 1,491, reflecting a sharp jump of 89.93 per cent from the issue price on the BSE.

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At the NSE, it listed with a premium of 85.98 per cent at Rs 1,460.

The company's market valuation stood at Rs 6,956.20 crore.

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The initial public offer of Unimech Aerospace and Manufacturing Ltd received a whopping 174.93 times subscription on the last day of bidding on Thursday.

The Rs 500-crore initial share sale had a fresh issue of up to Rs 250 crore and an Offer-for-Sale (OFS) of up to Rs 250 crore.

Price range for the offer had been fixed at Rs 745-785 per share.

Unimech Aerospace is a high-precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, defence, energy and semiconductor industries.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)