Uniparts India IPO: Last Day of This IPO Subscription

Today (3rd Nov) is the final day for Uniparts India IPO subscription. The IPO has been subscribed 25.32 times till 11 am. Read on to get more details.

On Friday, December 2, 2022, the final day of subscription, the Initial Public Offering (IPO) of engineering systems and solutions supplier Uniparts India received 25,32 times as many subscriptions. 

Against the 1,01,37,360 shares that were on sale, the issuance received bids for 25,66,29,175 shares, according to NSE statistics.

The category designated for Qualified Institutional Buyers (QIBs) received 67.14 times the number of subscriptions as opposed to 17.86 times for non-institutional investors and 4.61 times for retail individual investors (RIIs).

According to market watchers, shares of Uniparts India are currently trading on the black market for a premium (GMP) of 72. 

On Monday, December 12, 2022, the company’s shares are anticipated to list on the BSE and NSE stock markets. 

The finalization of the share allocation basis is scheduled to occur next week on Wednesday, December 7, 2022. Issue registrar is Link Intime India Private Ltd.

The Uniparts India IPO offered up to 1,44,81,942 equity shares at a price per share of between $548 and $577. The anchor investors contributed 251 crores, according to Uniparts India. 

The company won’t receive any proceeds from the public offering because the initial share sale was exclusively an Offer for Sale (OFS).

The company chose to distribute 43.44 lakh equity shares to anchor investors for a total transaction value of 251 crore, or 577 per share. 

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

An international producer of designed systems and solutions is Uniparts India. Due to its presence in more than 25 countries, it is one of the top suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining, and aftermarket sectors.

It is a concept-to-supply company with a presence throughout the value chain that produces precise products for off-highway vehicles. 

The company’s product portfolio consists of adjacent product verticals like power take off, fabrications, and hydraulic cylinders or their parts, as well as core product verticals like 3-point linkage systems and precision machined parts.