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Uniparts India Limited IPO

Provider of engineering systems and solutions Uniparts India Ltd has submitted the first paperwork to the capital markets watchdog Sebi in order to seek money through an initial public offering (IPO). The inaugural share offer is solely an Offer for Sale (OFS) of 15,731,942 equity shares by promoter group firms and current investors, according to the Draft Red Herring Prospectus (DRHP). The Karan Soni 2018 CG-NG Nevada Trust, The Meher Soni 2018 CG-NG Nevada Trust, Pamela Soni, and investors Ashoka Investment Holdings Ltd and Ambadevi Mauritius Holding Ltd are the promoters group companies providing shares in the OFS. The corporation won't get any cash from the public issue because the IPO (Initial Public Offering) would be purely an OFS. If you are existing user of Angelone, Apply now  and avoid last minute hustle.

Opening Date

Nov 30, 2022

Closing Date

Dec 02, 2022

Price Band

₹548 - ₹577

per equity share

Issue Size

₹794-₹836 Cr

Face Value

₹10

per equity share

Market Lot

25 Shares

Opening Date

Nov 30, 2022

Closing Date

Dec 02, 2022

Price Band

₹548 - ₹577

per equity share

Issue Size

₹794-₹836 Cr

Face Value

₹10

per equity share

Market Lot

25 Shares

Listing at NSE, BSE

Uniparts India Limited IPO Important Dates

IPO Open Date Nov 30, 2022
IPO Close Date Dec 02, 2022
Allotment Date Dec 07, 2022
Initiation Of Refunds Dec 08, 2022
Credit Of Shares To
Demat Account
Dec 09, 2022
IPO Listing Date Dec 12, 2022
UPI Mandate Expiry Date Dec 02, 2022

View all upcoming IPOs

Uniparts India Ltd IPO Subscription Status Today [Live]

At 05:32:00 PM.
  • This IPO has been subscribed 25.32x by 05:32 PM. on Day 3
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 67.14
    • (NII) Non-institutional buyers: 17.86
    • (RII) Retail Individual buyers: 4.63
    • Employees: [.]
    At 03:34:00 PM.
  • This IPO has been subscribed 24.93x by 03:34 PM. on Day 3
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 66.83
    • (NII) Non-institutional buyers: 17.35
    • (RII) Retail Individual buyers: 4.24
    • Employees: [.]
    At 01:18:00 PM.
  • This IPO has been subscribed 6.09x by 01:18 PM. on Day 3
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 8.79
    • (NII) Non-institutional buyers: 9.39
    • (RII) Retail Individual buyers: 3.14
    • Employees: [.]
    At 10:44:00 AM.
  • This IPO has been subscribed 2.60x by 10:44 AM. on Day 3
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 1.19
    • (NII) Non-institutional buyers: 4.78
    • (RII) Retail Individual buyers: 2.47
    • Employees: [.]
    At 05:00:00 PM.
  • This IPO has been subscribed 2.02x by 05:00 PM. on Day 2
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 0.97
    • (NII) Non-institutional buyers: 3.41
    • (RII) Retail Individual buyers: 2.01
    • Employees: [.]
    At 03:08:00 PM.
  • This IPO has been subscribed 1.25x by 03:08 PM. on Day 2
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 0.01
    • (NII) Non-institutional buyers: 2.20
    • (RII) Retail Individual buyers: 1.56
    • Employees: [.]
    At 01:02:00 PM.
  • This IPO has been subscribed 1.06x by 01:02 PM. on Day 2
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 0.01
    • (NII) Non-institutional buyers: 1.79
    • (RII) Retail Individual buyers: 1.35
    • Employees: [.]
    At 10:54:00 AM.
  • This IPO has been subscribed 0.79x by 10:54 AM. on Day 2
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 0.00
    • (NII) Non-institutional buyers: 1.24
    • (RII) Retail Individual buyers: 1.04
    • Employees: [.]
    At 05:00:00 PM.
  • This IPO has been subscribed 0.58x by 05:00 PM. on Day 1
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 0.00
    • (NII) Non-institutional buyers: 0.90
    • (RII) Retail Individual buyers: 0.77
    • Employees: [.]
    At 03:12:00 PM.
  • This IPO has been subscribed 0.31x by 03:12 PM. on Day 1
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 0.00
    • (NII) Non-institutional buyers: 0.29
    • (RII) Retail Individual buyers: 0.50
    • Employees: [.]
    At 01:22:00 PM.
  • This IPO has been subscribed 0.23x by 01:22 PM. on Day 1
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 0.00
    • (NII) Non-institutional buyers: 0.19
    • (RII) Retail Individual buyers: 0.37
    • Employees: [.]
    At 10:24:00 AM.
  • This IPO has been subscribed 0.05x by 10:24 AM. on Day 1
  • It is a public issue of 10,137,360 equity shares.
  • Status of Subscription
    • (QIB) Qualified institutional buyers: 0.00
    • (NII) Non-institutional buyers: 0.02
    • (RII) Retail Individual buyers: 0.08
    • Employees: [.]

    About Uniparts India Limited

    With a footprint throughout the value chain, they are a concept-to-supply player for precise products for off-highway vehicles. Their product range comprises core verticals such as 3-point linkage systems and precision machined parts, and also neighbouring verticals such as power takeoff, fabrications, and hydraulic cylinders or components thereof. Since they serve some of the world's largest corporations, we have a strong international presence in the production of 3PL & PMP products (Source: CRISIL Report). The majority of their products are structural and load-bearing equipment parts that must adhere to tight tolerances, standards, and process controls. The manufacturing of these goods involves a variety of precise engineering process processes. In the global 3PL market, they held an estimated 14.45 per cent market share.

    Uniparts India Limited IPO Objectives

    The objects of the Offer are to:

    - To carry out the Offer for Sale of up to 15,731,942 Equity Shares by the Selling Shareholders.
    - To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

    Why should you invest in the Uniparts India Limited IPO?

    • Between 2020 and 2025, with increasing mechanisation in India’s agriculture sector, the supply of tractors is expected to increase at a CAGR of around 4%, coupled with rising in the average price of 3PL parts in the market, due to a hike in raw material cost. This will lift demand for 3PL at a CAGR of around 7%.
    • Key driver for the construction equipment industry is the investment in infrastructure projects. From 2021-2025, growth is expected to be driven by North America, Europe and India due to higher expected investment in infrastructure projects. However, stable growth in major geographies such as China and Japan limits the growth of the construction equipment industry at 2-4% from 2021 to 2025.

    Financial Highlights

    In Rs Crores

    Parameters 2019 2020 2021 2022 so far
    Restated Profit before exceptional items and tax 91.554 74.403 118.560 169.954
    Adjustments:        
    Add: Finance Costs 18.198 17.965 8.107 4.228
    Add: Depreciation and Amortization expense 30.096 35.442 37.259 27.166
    Earnings before interest, taxes, depreciation and amortization expenses (EBITDA) (A) 139.848 127.810 163.926 201.348
    Revenue from Operations (B) 1060.566 907.220 903.142 880.892
    EBITDA Margin (EBITDA as a percentage of revenue from operations) (A/B) 13.19% 14.09% 18.15% 22.86%

    How to apply for Uniparts India Limited IPO?

    UPI & creating a Demat account are the two ways for the investors to start the trading journey. The processes are discussed below:

    UPI

    • Step 1: Link your bank account with the UPI ID
    • Step 2: Join your UPI ID to your Demat account
    • Step 3: Apply for Uniparts India Limited IPO and accept the payment request on your UPI ID

    Demat Account

    Uniparts India Limited Noteworthy Highlights:

    • Uniparts India is a global manufacturer of engineered systems and solutions and are 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 on account of our presence across over 25 countries (Source: CRISIL Report).
    • Company had an estimated 14.45% market share* of the global 3PL market in Fiscal 2021 in terms of value and an estimated 5.87% market share** in the global PMP market in the CFM sector in Fiscal 2021 in terms of value.

    The Brand’s Pros & Cons:

    Pros Cons
    In the global off-highway vehicle systems and components industry, Uniparts India is the market leader. A major amount of the company’s revenue comes from a small number of consumers.
    The company’s cost-competitiveness and customer supply chain risks are optimised using a global business model. Their business, cash flows, financial situation, results of operations, and prospects may all suffer if they are unable to effectively estimate demand for their products.
    The company’s long-term connections with key global customers, including major OEMs, have resulted in a revenue base that is well-diversified. The availability and cost of raw materials and labour may have a negative impact on their business, financial situation, operating results, and future prospects.
    Uniparts India has a wide range of scales and flexibility provided by strategically situated manufacturing and - warehousing facilities. They are vulnerable to swings in foreign currency exchange rates, which could impair their business, cash flows, financial condition, prospects, and operations and cause their results to fluctuate.

    Competitive Analysis: Market Peers

    The company does not have any listed industry peers in India. Accordingly, it is not possible to provide an industry comparison.

    Uniparts India Limited IPO FAQs

    What is Uniparts India Limited's Initial Public Offering?

    To raise money through an IPO, the provider of engineering systems and solutions Uniparts India Ltd. has submitted preliminary documents to the capital markets regulator Sebi. The inaugural share offer, as described in the Draft Red Herring Prospectus (DRHP), is completely an Offer for Sale (OFS) of 15,731,942 equity shares by promoter group firms and current investors.

    When will allotments for the Uniparts India Limited IPO become available?

    Uniparts India Limited IPO will finalize the allotment by December 7, 2022.

    What will the IPO lot size for Uniparts India Limited be?

    Each Uniparts India Limited IPO lot has 25 shares.

    When will Uniparts India Limited IPO be available to buy?

    The IPO of Uniparts India Limited will be open for subscription from November 30, 2022. And, the subscription window will close two days after on December 02, 2022.

    What is Uniparts India Limited’s smallest lot size available to retail investors?

    The minimum market lot size for the Uniparts India Limited IPO is 25 shares.

    Which exchanges will Uniparts India Limited list on?

    Uniparts India Limited shares will be listed on both BSE as well as the National Stock Exchange (NSE).

    What is the IPO size of Uniparts India Limited?

    The IPO size of Uniparts India Limited is Rs 794-836 crore.

    How to check the allotment status of Uniparts India Limited IPO on the Angelone App?

    The easiest ways to check your IPO allotment status on the Angelone app are below:
    Step 1
    Login & Look for Investment Opportunities via Angelone App.
    Step 2
    Choose IPOs & FPOs.
    Step 3
    Click Order Book.

    How will I get my Uniparts India Limited stock?

    Following allotment, the Uniparts India Limited shares will be credited to the Demat account.

    Can I use one PAN to submit multiple applications for the public issue of Uniparts India Limited?

    No, you cannot use the same PAN to make multiple applications for this Uniparts India Limited IPO or any other public offering.

    Is it necessary to give immediate approval to a UPI mandate request?

    Yes, immediately approving a UPI mandate request is preferable. Accepting it as soon as you receive it is much better.

    Who owns Uniparts India Limited?

    Mr Gurdeep Soni is the Chairman and Managing Director of the Company and has been associated with the Company since its incorporation.

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