Unimech Aerospace shares to list today. GMP hints at blockbuster returns
Unimech Aerospace are set to debut on Dalal Street on Tuesday, with the equity shares of the company listing on both the BSE and NSE. Ahead of the listing, the company's shares were trading with a GMP of Rs 675 in the grey market, reflecting a strong bullish trend in the unlisted market.
With the upper price band of Rs 785 for the IPO (initial public offering) of Unimech Aerospace, the stock is expected to give solid gains if the current trends sustain.
Considering Unimech Aerospace’s latest GMP, the estimated listing price of the company’s shares would be Rs 1,460 apiece, which reflects a premium of 86% to the IPO price of Rs 785 per share.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
Unimech Aerospace IPO to debut on D-Street today. Catch all the live action here
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