New Delhi: The initial public offer (IPO) of engineering systems and solutions provider Uniparts India was subscribed twice on the second day on Thursday. The Rs 836-crore IPO received bids for 2,04,29,925 shares against 1,01,37,360 shares on offer.
The category for non-institutional investors was subscribed 3.41 times, the portion for retail individual investors (RIIs) 2 times and the quota for qualified institutional buyers (QIBs) was subscribed 97 per cent.
Uniparts India IPO Listing, GMP & Other Details
The issue of 1,44,81,942 equity shares is likely to be listed on BSE and NSE on December 12 with a price band of Rs 548-577 per share. As per the report, Uniparts India latest GMP suggests a premium of Rs. 45.
Uniparts India has raised Rs 251 crore from anchor investors. Since the IPO is purely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue.
Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining and aftermarket sectors due to its presence in more than 25 countries.
Axis Capital Limited, DAM Capital Advisors Limited and JM Financial are the managers to the offer.