Uniparts India IPO: Public Issue Closes Today, Details Here

Uniparts India had earlier filed its IPO with Sebi in December 2018 and in addition in September 2014.(File)

New Delhi:

The Preliminary Public Supply (IPO) of engineered techniques and options producer Uniparts India was subscribed two instances on the second day of subscription. The difficulty opened for subscription on November 30 and can shut on December 2.

The IPO affords as much as 1,44,81,942 fairness shares with a face worth of Rs 10 every within the value vary of  ₹ 548.00 – ₹ 577. Aimed toward elevating 836 crores on the higher value of the worth band, the IPO obtained bids for two,04,29,925 shares towards the 1,01,37,360 shares, based on Cash Management.

On the finish of the second day, the non-institutional Retail Particular person Traders (RIIs) class obtained subscribed two instances, the non-institutional traders class witnessed 3.41 instances subscriptions whereas the Certified Institutional Patrons (QIBs) obtained 97% subscribed. The utmost bid amount for QIB was mounted at 14,481,925 whereas Non-institutional traders can bid for a most of seven,240,950 shares.

The corporate raised Rs 250 core from anchor traders on Tuesday. At present, the shares are buying and selling at a GMP (Gray Market Premium) of Rs 45.

Uniparts’ IPO is a suggestion on the market, which implies that the proceeds from the problem won’t go to the corporate however to its promoters and traders. The promoters who’re providing their shares embody Karan Soni, Meher Soni, Nevada Belief’s Pamela Soni, Ashoka Funding Holdings Restricted, and Ambadevi Mauritius Holding Restricted.

The corporate is a number one provider of techniques and elements for the off-highway market in agriculture, building forestry and mining (CFM). Uniparts India had earlier filed its IPO with Sebi in December 2018 and in addition in September 2014. Whereas it had obtained clearance from the regulator on each events, it didn’t proceed with the preliminary share sale. 

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