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
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
