The IPO of technical systems and solutions provider Uniparts India received a healthy response from all categories of investors and received 25.32 subscriptions from November 30 to December 2. The issue price band was set at Rs 548-577 per share. Shares of the Indian global manufacturer of engineering systems and solutions are expected to start listing on the BSE and NSE exchanges next week on Monday, December 12. On the last day of subscription, the issue was subscribed 25.32 times. Uniparts India shares are available today at a premium (GMP) of Rs 61 in the gray market, according to market observers.
Check the allocation status of Uniparts India shares through the registrar Link Intime India website
To check the status of the share allocation, select the company name as ‘Uniparts India’ from the drop down on the Link Intime India website when it is declared. PAN, Application Number, or Depository/Client ID check box. Enter the permanent account number or application number or deposit/customer ID in the box accordingly. Enter the given captcha in the space provided and click on the submit button. Displays the number of shares applied and allocated to the investor.
Check Uniparts India stock allotment status through BSE website
Another way to check the allocation status in Uniparts India is through the BSE website. Select “Equity” as the issue type and “Uniparts India” as the issue name from the drop-down list when it is declared. Enter the application number and PAN (permanent account number). Click on ‘I’m not a robot’. In the last step, click the Search tab to view the status details.
Uniparts is one of the leading suppliers of systems and components for the off-highway market. The company’s main business areas are agriculture, construction, forestry and aftermarket. It has a leading market presence, a global business model and long-standing relationships with key customers. “It has a healthy financial position with continuous growth in turnover and profit and improving margins. As far as the risk factor is concerned, the problem is an entire offering for sale. However, the issue is attractively priced with a P/E valuation of 15.61, which is lower than its listed peers,” said Santosh Meena of Swastika Investmart.
About Uniparts India
Uniparts India is a global manufacturer of engineering 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 player of precision off-road vehicle products with a presence across the entire value chain. The company’s product portfolio includes vertical product segments of 3-point lift systems and precision machined parts, as well as adjacent vertical product segments of power take-offs, structures and hydraulic cylinders or components thereof.
This is the company’s third attempt to go public. Previously, Uniparts had filed its IPO filings with Sebi in December 2018 and in September 2014. It also received regulatory approval to launch the IPO on the two occasions but did not go through with the initial share sale.
Axis Capital, DAM Capital Advisors and JM Financial are the issue’s lead managers.
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