Uniparts India IPO: Value Band, GMP, Itemizing; Key Particulars Buyers Ought to Know

The Preliminary Public Providing (IPO) of engineered methods and options producer, Uniparts India is about to open for utility on Wednesday (November 30), going by way of until December 2. Anchor traders will have the ability to bid on the shares from November 29 onwards. The corporate is seeking to increase Rs 836 crores by way of this public itemizing. The value band for the IPO has been set at Rs 548 to 577 per share.

Buyers can bid for the shares with lots dimension of 25 shares and multiples thereafter. Particular person retail traders’ shopping for capability is capped at 13 tons (or 325 shares) per investor. Gray market sentiments concerning the IPO appear to be optimistic.

The share’s worth within the gray market is essentially steady and is indicating a optimistic response in the direction of the difficulty. The most recent reported gray market premium (GMP) of the IPO was Rs 131. Which means that the gray market expects the IPO to get a list of round Rs 708 ( Rs 577 + 131).

The IPO, comprising 14,481,942 fairness shares being bought by promoter group entities and present traders, is wholly constituted as an Provide for Sale (OFS). Half the shares of the general public problem are reserved for institutional consumers, whereas one other 35 per cent are earmarked for retail traders. The remainder of the shares are reserved for non-institutional consumers. Your entire IPO being OFS implies that the corporate will obtain no proceeds from the difficulty.

The corporate’s shares are anticipated to checklist on the bourses on December 12.

Uniparts is a worldwide producer of engineered methods and options. The corporate claims to be a number one provider of methods and elements for the off-highway autos market within the agriculture, development forestry & mining (CFM) and aftermarket sectors. It at the moment has a presence in 25 nations. The agency operates out of six manufacturing services and 4 warehousing areas unfold throughout India, Europe, and the US.

Uniparts India’s product portfolio encompasses core product verticals of 3-point linkage methods (3PL) and precision machined components (PMP). It additionally has adjoining product verticals of energy take-off, fabrications and hydraulic cylinders or their elements.

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