Uniparts India IPO opening today: Check price band, lot size, allotment, listing date -; more

Uniparts India Limited is a manufacturer of engineered systems and solutions. The company is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining (“CFM”) and aftermarket sectors with the presence across over 25 countries.

Uniparts India initial public offer (IPO) of issue size Rs 836 crore is opening today, November 30 and will be close for subscription on Friday, December 2. The company has fixed the price band at Rs 548-577 per share. One can apply in the IPO in a lot size of 25 shares and its multiples.

The issue is entirely an offer for sale of up to 1,44,81,942 equity shares by the existing shareholders and promoters. Hence, the company will not receive any proceeds from the issue.

Uniparts India set the quota for retail investors in IPO at 35% of the net offer. Qualified institutional buyers’ quota is fixed at 50% while for NII the quota is reserved at 15%. The company will finalise the allotment December 7 and it is expected to list on NSE and BSE on December 12.

Uniparts India posted total revenues of Rs 347.76 crore for Q1FY23 and profit after tax (PAT) of Rs 50.52 crore for the same period. During FY22, the total revenues increased by 30% to 1231.04 crore from Rs 947.69 crore in FY21. PAT increased to 166.89 crore in FY22 from 93.15 crore in FY21.

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