• Uniparts India said it raised ₹251 crore from anchor investors ahead of its IPO
The finalization of the basis of share allotment of Uniparts India IPO is expected tomorrow i.e. Wednesday, December 7, 2022. The initial public offer (IPO) of engineering systems and solutions provider Uniparts India was subscribed 25.32 times on the last date. Membership day on Friday, December 2, 2022.
The shares of the company are expected to get listed on the stock exchanges BSE and NSE next week on Monday, December 12, 2022. According to market observers, Uniparts India shares are available at a premium (GMP) of ₹61 in the gray market today. ,
If allotted, the credit of the shares to the demat account of the bidders will be done on Friday, December 9, 2022. The registrar link for Uniparts India IPO is Intime India Private Limited, hence the status of the allotment application can be viewed with the registrar. website here or the website of Stock Exchange BSE here.
The initial share sale of the company was up to 1,44,81,942 equity shares and was priced at ₹548-577 per share. Since the initial share sale was an offer for sale (OFS), the company will not receive any proceeds from the public issue. Uniparts India said it raised ₹251 crore from anchor investors ahead of its offering.
The issue received bids for 25,66,29,175 shares against 1,01,37,360 shares on offer. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 67.14 times, while the quota for non-institutional investors was subscribed 17.86 times and the retail individual investors (RII) portion was subscribed 4.61 times.
Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining and aftermarket sectors due to its presence in more than 25 countries.
It is a concept to supply precision products with presence across the value chain for off-highway vehicles. The company's product portfolio includes the core product verticals of 3-point linkage systems and precision machined parts as well as adjacent product verticals of power take off, fabrication and hydraulic cylinders or components thereof.
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