Unimech Aerospace IPO Anchor Allocation at 29.91%

Unimech Aerospace IPO saw a significant anchor allocation response, with 29.91% of the total IPO size subscribed by anchor investors. Out of the 63,69,424 shares on offer, anchors picked up 19,05,094 shares, demonstrating strong market confidence. The anchor allocation details were reported to the stock exchanges on December 20, 2024, just ahead of the IPO opening on December 23, 2024.

The book-built issue of ₹500.00 crores comprises a fresh issue of 31,84,712 shares aggregating to ₹250.00 crores and an offer for sale of 31,84,712 shares aggregating to ₹250.00 crores. The price band is set at ₹745 to ₹785 per share, with a face value of ₹5 per share. This includes a share premium of ₹780 per share at the upper end of the price band.
The anchor allocation process, which took place on December 20, 2024, saw strong participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹785 per share, indicating robust demand and confidence in the company's prospects.

After the anchor allocation, the overall allocation of the IPO looks as follows:

Total applications received: 84,396

The lock-in period for anchor investors is an important aspect of the allocation. For Unimech Aerospace IPO, the lock-in details are as follows: 

• Lock-in Period (50% Shares): January 26, 2025 
• Lock-in Period (Remaining Shares): March 27, 2025

This lock-in period ensures that anchor investors maintain their investments for a specified duration, stabilising the stock price after listing.

Anchor Investors in Unimech Aerospace IPO 

Anchor investors are typically large institutional investors allotted shares in an IPO before it opens to the public. The anchor allocation process is a crucial part of the IPO, as it helps in price discovery and builds confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and can influence the overall subscription levels.

On December 20, 2024, Unimech Aerospace IPO completed the bidding for its anchor allocation. There was a robust response as the anchor investors participated in the book-building process. A total of 19,05,094 shares were allotted to anchor investors. The allocation was done at the upper IPO price band of ₹785 per share, resulting in an overall anchor allocation of ₹149.55 crore. The anchors have already absorbed 29.91% of the total issue size of ₹500.00 crore, indicating strong institutional demand.

Unimech Aerospace IPO Key Details: 

• IPO Size: ₹500.00 crores 
• Shares Allocated to Anchors: 19,05,094 
• Anchor Subscription Percentage: 29.91% 
• Listing Date: December 31, 2024 
• IPO Opening Date: December 23, 2024

About Unimech Aerospace and Manufacturing Limited and How to Apply for Unimech Aerospace IPO 

Incorporated in 2016, Unimech Aerospace and Manufacturing Limited is an engineering solutions provider specialising in the manufacturing of complex products for the aerospace, defence, energy, and semiconductor industries. Between 2022 and 2024, they manufactured 2,356 SKUs in the tooling and precision complex sub-assemblies category and 624 SKUs in the precision machined parts category, supplying more than 26 customers across 7 countries. As of March 31, 2024, the company operates two manufacturing facilities in Bangalore, covering a total area of over 120,000 sq ft, and employs 384 people.