Uniparts India IPO subscribed fully on Day 2

2 Dec 2022 , 08:23 AM

The initial public offer (IPO) of Uniparts India was subscribed fully on day two with 2.02 times subscription. The issue with price band of Rs 548-577 per share will conclude on Friday, December 2. The company has also received Rs 251 crore at the upper end of the price band from anchor investors ahead of the opening of its initial sale.

On day 2, the Qualified Institutional Buyers (QIBs) category is subscribed by 0.97 times whereas Non Institutional Investors (NIIs) category seen the subscription of 3.41 times. The retails portion is subscribed 2.01 times.

Uniparts India IPO is entirely an Offer for Sale (OFS) and it will not receive any proceeds from the public issue. The company is expected to fetch Rs 836 crore from the IPO. The shares of the company are likely to list on BSE and NSE on Monday, December 12.

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