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Uniparts India IPO: The IPO of engineering systems and solutions provider company Uniparts India has received a great response from investors. The IPO closed after being subscribed 25.32 times on the last day of application. The IPO has received tremendous subscription especially from institutional investors. The IPO was open for applications from 30 November to 2 December.
Uniparts India’s IPO has been subscribed a total of 25.32 times, in which institutional investors’ quota has been subscribed 67.14 times, non-institutional investors’ quota 17.86 times and retail investors’ quota 4.63 times. In Uniparts India’s IPO, 50 per cent quota has been reserved for institutional investors (QIB). At the same time, 15 percent quota has been reserved for non-institutional investors while 35 percent quota has been reserved for retail investors.
The size of Uniparts India’s IPO was Rs 835.61 crore. The company had fixed a price band of Rs 548-577 per share. Investors could apply for a lot size of 25 shares in the IPO. And investors could buy a maximum of 13 lots. The allotment of shares in Uniparts India’s IPO can happen on December 7 and the listing of its shares is likely to happen on December 12, 2022. The company’s IPO is getting good response in the gray market and its gray market premium is at Rs 120 today.
Axis Capital, DAM Capital Advisors and JM Financial are the book running lead managers to this public issue. This IPO is completely Offer for Sale (OFS) and the company is not issuing any new shares to the investors. The promoter group and existing investors are selling 14,481,942 shares in the IPO as an offer for sale.
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