Uniparts India IPO Update: In the recent past, many companies have issued their IPOs. One of them is engineering systems and solutions provider Uniparts India. Now the IPO has closed on 2 December. This IPO has received tremendous response from the investors and it has been bid up to 25.32 times. At the same time, it is expected that the allotment of shares will be done by the company tomorrow i.e. on December 7, 2022. A target has been set to raise Rs 835.61 crore through this IPO. At the same time, the company had kept the price band of this share as Rs 548-577 per share. This IPO was opened for anchor investors on 29 November itself. At the same time, bidding was done till 2 December.
IPO brought through OFS
Let us tell you that the company has brought this complete IPO through Offer for Sale (OFS). Under this, the company has not issued any new shares. The existing shareholders and promoters of the company have sold their 1.44 crore shares. The promoters of the company are The Meher Soni 2018 CG-NG Nevada Trust, Pamela Soni, The Karan Soni 2018 CG-NG Nevada Trust. Investors can buy 13 lots of shares in this IPO. Let us say that a lot includes a total of 25 shares.
Know what is the condition of gray market-
Let us tell you that on Tuesday, the gray market price of Uniparts India Shares has been very good. It is available at a premium of Rs.60. In such a situation, if this move continues till the day of listing, then this list can be listed at Rs.637. This share will start appearing in the demat account of the investors who invested in this IPO. And on December 12, 2022, these shares will be listed in the market.
Know how much was subscribed according to the category
Uniparts India had reserved 35 per cent stake for retail investors in its IPO, which was subscribed up to 4.63 times. At the same time, 50 percent share was reserved for qualified institutional buyers, which was subscribed up to 67 times. At the same time, 15 percent was reserved for non-qualified institutional buyers, which has been subscribed up to 17.86 times.
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Uniparts India company details-
Uniparts India tried to bring its IPO in the years 2014 and 2018 as well. The company had also submitted all its documents to the market regulator. Uniparts India Engineering Systems & Solutions deals in any engineering related work. This company is a global manufacturer which currently operates in at least 25 countries across the world. Talking about the lead manager of the company’s IPO, it includes the names of lead managers like JM Financial, Axis Capital and DAM Capital Advisors.
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