Uniparts India Limited (UIL) proposes to open on Wednesday, November 30, 2022, an initial public offering of up to 14,481,942 Equity Shares face value of ₹ 10 each comprising 1,100,000 equity shares. The Offer will close on Friday, December 02, 2022. The Price Band of the Offer has been fixed at ₹548 to ₹577 per Equity Share. Bids can be made for a minimum of 25 Equity Shares and in multiples of 25 Equity Shares thereafter.
- IPO Opens on: Wednesday, November 30, 2022
- IPO Closes on: Friday, December 02, 2022
- Price Band: Rs 548 to Rs 577 per Equity Share
- Face Value: Rs 10 each
- Bidding: Minimum of 25 Equity Shares and in multiples
It is by The Karan Soni 2018 CG-NG Nevada Trust; 1,100,000 equity shares by The Meher Soni 2018 CG-NG Nevada Trust and 2,200,000 equity shares by Pamela Soni; 7,180,642 equity shares by Ashoka Investment Holdings Limited and 2,154,192 equity shares by Ambadevi Mauritius Holding Limited and 177,378 equity shares by Andrew Warren Code; 177,378 equity shares by James Norman Hellene; 177,378 equity shares by Kevin John Code; 57,420 equity shares by Dennis Francis Dedecker; 41,730 equity shares by Melvin Keith Gibbs; 24,706 equity shares by Walter James Gruber; 21,556 equity shares by Wendy Reichard Hammen; 20,870 equity shares by Mark Louis Dawson; 16,366 equity shares by Bradley Lorenz Miller; 10,440 equity shares by Mary Louise Arp; 8,340 equity shares by Diana Lynn Craig; 7,710 equity shares by Marc Christopher Dorau; 5,010 equity shares by Craig A. Johnson; and 826 equity shares by Misty Marie Garcia. The offer will constitute 32.09% of the post-offer paid-up equity share capital. The Offer is being made through the Book Building Process.
Axis Capital Limited, DAM Capital Advisors Limited & JM Financial Limited are the Book Running Lead Managers to the Offer.
Uniparts India Limited 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 and aftermarket sectors on account of its presence across over 25 countries. The Company is a concept-to-supply player for precision products for off-highway vehicles with presence across the value chain. The product portfolio of the Company includes core product verticals of 3-point linkage systems and precision machined parts as well as adjacent product verticals of power take off, fabrications and hydraulic cylinders or components thereof. The Company has a leading presence in the manufacture of 3PL and PMP products globally on account of it serving some of the largest global companies. Most of the Company’s products are structural and load bearing parts of the equipment and are subject to strict tolerances, specifications and process controls. A series of precision engineering process steps converge in to manufacturing of these products.
As of June 30, 2022, the Company has a global footprint and served customers across countries in North and South America, Europe, Asia and Australia, including India. In Fiscal 2022, the customer base of the Company comprised over 125 customers in over 25 countries globally.