The initial public offering of engineering systems and solutions provider Uniparts India received a good response from all categories of investors and was subscribed 25.32 times from November 30 to December 2. The issue price band was fixed at Rs 548-577 per share. Shares of the Indian global manufacturer of engineering systems and solutions are expected to get listed on BSE and NSE stock exchanges next week on Monday, December 12. The issue was subscribed 25.32 times on the last day of subscription. According to market observers, Uniparts India The shares are available at a premium (GMP) of Rs 61 in the gray market today.
Check Uniparts India Share Allotment Status Through Registrar Link Intime India Website
To check the share allotment status, select the name of the company as declared from the drop-down list on the link Intime India website as ‘Uniparts India’. Check box either PAN, Application Number or Depository/Client ID. Accordingly, enter Permanent Account Number or Application Number or Depository/Client ID in the box. Enter the given captcha in the space provided and click on the submit button. It will display the number of shares that have been applied for and allotted to the investor.
Check Uniparts India Share Allotment Status through BSE website
Another way to check allotment status in Uniparts India is through BSE website. Select ‘Equity’ as the Issue Type and ‘Uniparts India’ as the Issue Name from the drop-down list, as and when it is announced. Enter Application Number and PAN (Permanent Account Number). Click on ‘I am not a robot’. In the last step, click on the Search tab to view the status details.
Uniparts is one of the leading suppliers of systems and components to the off-highway market. The company’s major business sectors are agriculture, construction, forestry and after-market. It has a leading market presence, a global business model and long-term relationships with key customers. “It enjoys a healthy financial position with consistent growth in revenue and profits and improving margins. As for risk factors, the issue is an absolute proposition for sale. However, the attractive price of the issue at a P/E of 15.61 E valuation, which is lower than its listed peers,” said Santosh Meena of Swastika Investmart.
About Uniparts India
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.
It is a concept to supply precision products with presence across the value chain for off-highway vehicles. The company’s product portfolio includes the core product verticals of 3-point linkage systems and precision machined parts as well as adjacent product verticals of power take off, fabrication and hydraulic cylinders or components thereof.
This is the company’s third attempt at going public. Earlier, Uniparts filed its IPO papers with SEBI in December 2018 and September 2014. It also received regulatory approval to launch an IPO on two occasions but did not proceed with the initial share sale.
Axis Capital, DAM Capital Advisors and JM Financial are the book running lead managers to the issue.
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