Uniparts India Ltd IPO: All You Need To Know

The IPO for Uniparts India was scheduled to open on November 30 and end on December 2, but the exact date of allotment has not been set yet. Uniparts India Technologies’ initial public offering (IPO) aims to raise approximately ₹835 crores through the sale of up to 14,481,942 equity shares with a par value of 10 apiece and a fresh issue of [.] crores. Retail is allotted 35%, QIB 50%, and HNI 15%.

Uniparts India Ltd History and Work

In 1994, Uniparts India Limited was established. The business is an Indian manufacturer of engineering solutions and systems. They are the industry’s dominant producer of off-highway systems and parts. They run their business out of six manufacturing plants and four warehouses spread across India, Europe, and the US.

The business offers its goods to industries like agriculture, CFM (construction, forestry, and mining), as well as aftermarket. The product portfolio comprises the complementary product verticals of hydraulic cylinders, fabrications, and power take-off or their parts, as well as the complementary product categories of 3-point linkage systems (3PL) as well as precision, machined parts (PMP).

The company’s dual-shore integrated manufacturing, warehousing, and supply chain management systems and solutions underpin their worldwide business model, which they use to service OHV players like OEMs and aftermarket retail store networks. The registered office of Uniparts India is in New Delhi, and the company has production facilities in Vishakhapatnam, Ludhiana, and Noida.

Uniparts India Ltd IPO Allotment

Investors may offer several 25 equity shares and additional multiples to purchase Uniparts India’s first public offering (IPO). For a single lot of Uniparts India, they will have to pay Rs 14,425 in the upper pricing range. Both the BSE and the NSE will list the shares.

The deadline for accepting a UPI mandate is Friday, December 2, 2022, up until 5:00 pm, the final day of IPO bidding, according to the applicants. Investors are encouraged to submit their UPI application forms in IPO well enough to avoid some last technical/systemic restrictions that may hinder their capacity to participate in IPOs by satisfactorily accepting the mandate. Further bids with the substantiated condition of mandate quantity blocked (RC100) must therefore be considered to be valid applications.

Uniparts India Ltd Registrars and QIBs

The issue’s registrar is Link Intime India, and its book-running lead managers are JM Financial, DAM Capital Advisors, and Axis Capital.

Data from the stock markets showed that on Tuesday, Uniparts India raised more than Rs 250.68 crore from 21 anchor investors in exchange for 43,44,582 equity shares priced at Rs 577 each.

Nomura, Life Insurance Company, Bajaj Allianz, Carnelian Capital, Mahindra MF, Invesco MF, BNP Paribas, Morgan Stanley, Nippon India MF, and Aditya Birla Sun Life MF are a few of the anchor investors.

In their respective IPO documents, the research departments at Swastika Investment, Geojit Financial Services, Motilal Oswal Financial Services, and Reliance Securities rated the offer as “Subscribe.”

As per the schedule outlined in the RHP, the share allocation is most likely to happen on Wednesday, December 7, 2022, as well as the shares, are anticipated to list on Monday, December 12, 2022.