Mon, Dec 23, 2024 11:49 AM
Unimech Aerospace IPO: Should you subscribe to the ₹500 crore issue?
A Flip by Shubhangi Gupta
Upcoming IPO: Anya Polytech & Fertilizers IPO will open for subscription on Thursday, December 26, and close on Monday, December 30. Anya Polytech & Fertilizers IPO price band has been fixed in the range of ₹13 to ₹14 per equity share of face value of ₹2 each. Bids can be made for a minimum of 10,000 equity shares and in multiples of 10,000 equity shares thereafter.
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Unimech Aerospace saw strong demand with the IPO getting fully subscribed within hours of its opening on December 23. Unimech, a manufacturer of precision-engineering components, aims to raise Rs 500 crore with a fresh issue component of Rs 250 crore. Notable anchor investors like Goldman Sachs, Kotak Mahindra Life, ICICI MF, Tata MF, and others have committed Rs 149 crore through the anchor book.
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JSPL's stock surged after Antique assigned a "buy" rating, citing the company's ambitious capex plans, strong internal factors, and growth potential, with a target price of ₹1,183 per share, implying a 30% upside. JSPL aims to establish the world's largest steel-making complex by 2030 and boost production capacity. JSPL's stock gained 3.5% on Monday, closing at around ₹940 per share.
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