500 crore IPO will be open the market, gray market premium has crossed 450.
A price b8and of Rs 745-785 per share has been fixed for this IPO. Minimum lot size with one application is 19 shares.
IPO of Unimec Aerospace and Manufacturing Limited will open for investment from tomorrow on December 23 and close on December 26. This issue is getting a huge response in the gray market. On December 22, it is trading at a premium of Rs 480 in the gray market. However, according to market experts, investment decisions should be taken on the basis of the company’s business condition rather than gray market signals.
For retail investors, investors need to invest a minimum of Rs 14,915. Allotment of shares will be done on December 27 after subscription. Thereafter, the shares can be listed on BSE and NSE on December 31.