Kim Jennings
Fri, 20 Dec 2024 12:44:56 +0530
Unimech Aerospace is set to launch its Initial Public Offering (IPO) on December 23, with the goal of raising ₹500 crore. The shares will be offered within a price range of ₹745 to ₹785 each. This IPO is structured to allocate 50% of the shares to Qualified Institutional Buyers (QIBs), 35% to retail investors, and 15% to Non-Institutional Investors (NIIs). For retail investors, the minimum investment required to participate in this offering is ₹14,915. This strategic move aims to enhance the company's capital base and support its growth initiatives in the aerospace sector.
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