Uniparts India IPO is open on 30 November 2022 and closes on 02 December 2022. The allotment will be finalized on 07 December 2022 and the IPO may list on 12 December 2022.
IPO GMP has a minimum lot size of 25 shares, with an application amount of 14,425 rupees, and a maximum lot size of 325 shares, with an application amount of 187,525 rupees.
The price band for the IPO has been fixed at Rs 548-577 per share. Ahead of the IPO, the company raised Rs 251 crore from anchor investors. Uniparts India will be listing its IPO on the NSE and the BSE. The IPO is entirely an Offer for Sale (OFS) of 14,481,942 equity shares by promoter group entities and existing investors.
Equity shares will get distributed under the New Issue, and the Promoter Selling Shareholders’ OFS Stocks will be transferred to the successful Bidders under the Offer for Sale. Both of these events are subject to the terms and requirements of the Offer for Sale. However, the current status of the allocation has not been made public at this time.
Uniparts is an Indian based global manufacturer of engineered systems and solutions. The Group is a leading supplier of systems and components for the off highway market and operate out of six manufacturing facilities and four warehousing locations across US, Europe and India with its products reaching 25 countries.
The company is a concept-to-supply player for precision products for off-highway vehicles with presence across the value chain. Our product portfolio includes core product verticals of 3-point linkage systems and precision machined parts as well as adjacent product verticals of power take off, fabrications and hydraulic cylinders or components thereof.
Ashoka Investment Holdings and Ambadevi Mauritius Holding are selling all of the more than 93 lakh shares they now have to reduce their ownership in the firm. The present promoters of the firm are selling approximately 44 lakh shares, and they now have a stake in the company equal to 75.54% of its total value. The IPO would not result in any funds getting distributed to Uniparts India.
