Unimech Aerospace shares soared during their debut on December 31, listing at ₹1,491 on the BSE—a stunning 90% above their issue price of ₹785 per share. The NSE wasn’t far behind, with the stock opening at ₹1,460, translating to an 86% premium. While grey market chatter had hinted at a strong opening, Unimech managed to exceed even those lofty expectations. By mid-morning, the stock settled slightly lower at ₹1,400 on the BSE, marking a 78% gain in a market weighed down by broader weakness. This performance reflects significant investor enthusiasm following the ₹500-crore IPO, which was open from December 23 to 26 and heavily oversubscribed at 175.31 times. The company, an engineering solutions provider specializing in aerospace and defense components, impressed with its growth potential and robust business model. Its IPO was a mix of fresh issues and an offer for sale, both valued at ₹250 crore each. The fresh capital is set to fund expansion through new machinery, bolster working capital, and support its subsidiary’s growth while also trimming debt.