Uniparts India IPO: GMP, share allotment, listing date details here
The Initial Public Offer (IPO) of engineering systems and solutions provider Uniparts India was subscribed 25.32 times on the last day of subscription on Friday, December 2, 2022. The issue received bids for 25,66,29,175 shares against 1,01,37,360 shares on offer, according to NSE data.
The category meant for Qualified Institutional Buyers (QIBs) was subscribed 67.14 times, while the quota for non-institutional investors got 17.86 times subscription and the portion for Retail Individual Investors (RIIs) 4.61 times.
As per market observers, Uniparts India shares are available at a premium (GMP) of ₹72 in the grey market today. The shares of the company are expected to list on the stock exchanges BSE and NSE on Monday, December 12, 2022. Meanwhile, the finalisation of the basis of share allotment is expected to take place next week on Wednesday, December 7, 2022. Link Intime India Private Ltd is the registrar of the issue.
Uniparts India IPO was of up to 1,44,81,942 equity shares and had a price range of ₹548-577 a share. On Tuesday, Uniparts India said it has raised ₹251 crore from anchor investors. Since the initial share sale was entirely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue.
The company decided to allot 43.44 lakh equity shares to anchor investors at ₹577 apiece, aggregating the transaction size to ₹251 crore. Nomura, Morgan Stanley, BNP Paribas, HDFC Mutual Fund (MF), Aditya Birla Sun Life MF, Invesco MF, Mahindra MF, Carnelian Capital, Bajaj Allianz Life Insurance Company and Aditya Birla Sun Life Insurance Company are among the anchor investors.
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 agriculture and construction, forestry and mining and aftermarket sectors on account of its presence across over 25 countries.
It is a concept-to-supply player of precision products for off-highway vehicles with presence across the value chain. The company’s 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.
Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Download Finplay News App to get Daily Market Updates.
More
Less
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.