Unimech Aerospace IPO receives 3.81 times subscription on first day

Quick Summary:

The initial public offering of Unimech Aerospace and Manufacturing Ltd received 3.81 times subscription on the first day of share sale on Monday, helped by encouraging investors' participation.

The Rs 500-crore initial share sale received bids for 1,79,22,111 shares, as against 47,04,028 shares on offer, as per NSE data.

Retail Individual Investors (RIIs) part fetched 4.45 times subscription, while the category for non-institutional investors received 4.02 times subscription.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Unimech Aerospace Unimech Aerospace IPO Recent IPO Unimech Aerospace share

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 18:34:41 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 279 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24597436

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