Unimech Aerospace IPO worth Rs 500 cr subscribed 9 times on day 2 of offer

Quick Summary:

The initial public offer (IPO) of Unimech Aerospace and Manufacturing Ltd received 9.08 times subscription on the second day of bidding on Tuesday.

The Rs 500-crore initial share-sale received bids for 4,27,26,573 shares against 47,04,028 shares on offer, as per NSE data.

Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are the book running lead managers to the offer.

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Category: BusinessFinance

Markets: India

Topics: Unimech Aerospace IPO Anand Rathi Advisors IPO subscription Subscribed 9 times Qualified institutional buyers Equirus Capital Initial public offer Aerospace industry Rs 500 crore IPO Retail investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 20:10:49 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 204 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24639759

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