arrow-left

Uniparts India IPO day 2 subscription status live

  • India Infoline News Service |
  • 01 Dec, 2022 |
  • 11:17 AM

The initial public offer (IPO) of Uniparts India Limited has received 58% bids on day 1 of the offer on Wednesday. The 835.6 crore IPO of the company is selling up to 14,481,942 equity shares in the range of Rs 548-577 per share between November 30 and December 2. This is entirely an offer for sale issue.

At 11:15 AM, the retail quota of the IPO was subscribed at 1.08 times, while the non-institutional investor section brought in 1.31 times of bids and the allocation to qualified institutional bidders was not even marked off. On Tuesday, Uniparts India said it had raised Rs 251 crore from anchor investors.

Incorporated in the year 1994, Uniparts India is a manufacturer of engineered systems and solutions. The company has healthy financials with double digit EBITDA margin of 22% and return ratios profile (RoCE >25%) with Debt: Equity at 0.2x as of FY22.


For feedback and suggestions, write to us at editorial@iifl.com

Invest wise with Expert advice

ad IconAd Image

Most Read News

Article Image
  • 14 March, 2022 |
  • 7:03 AM

The US Federal committee's meeting will conclude on March 16, 2022.

Most Shared News

No Record Found