Unimech Aerospace Shares Soar: A Remarkable Market Debut

Unimech Aerospace and Manufacturing Ltd shares soared nearly 90% above the issue price upon their market debut. The company's IPO received 174.93 times the subscription, with a fresh issue of up to Rs 250 crore. The stock opened at Rs 1,491 on the BSE and Rs 1,460 on the NSE.

Unimech Aerospace and Manufacturing Ltd made a striking entry into the stock market, with its shares listing at nearly 90% above the issue price of Rs 785 on the BSE.

The shares debuted at Rs 1,491, a significant leap from the set issue price, while on the NSE, they began trading at Rs 1,460.

The impressive performance came after the company's initial public offering (IPO) was heavily oversubscribed, receiving 174.93 times the subscription amount on the final day of bidding.

(With inputs from agencies.)