Unimech Aerospace Shares Skyrocket on Market Debut

Unimech Aerospace and Manufacturing Ltd shares surged over 75% on their market debut. The stock opened at Rs 1,491, an 89.93% increase from its issue price, and closed at Rs 1,373.20. The IPO was oversubscribed 174.93 times, with a price range of Rs 745-785 per share.

In a remarkable market debut, shares of Unimech Aerospace and Manufacturing Ltd soared over 75% on Tuesday, closing significantly higher than their issue price of Rs 785.

The company, which specializes in high-precision engineering solutions, saw its stock open at Rs 1,491 on the BSE, marking a massive 89.93% jump, and eventually settled at Rs 1,373.20.

On the NSE, shares began trading at Rs 1,460 and concluded at Rs 1,376.25, representing a 75.31% increase. The firm's initial public offering was highly successful, being oversubscribed 174.93 times, highlighting strong investor interest.

(With inputs from agencies.)