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The preliminary public providing (IPO) of Uniparts India subscribed 25.32 occasions on Friday, the final day of difficulty closing.
The IPO, which got here at a value band of ₹548-577 a share, obtained bids for about 2.57 crore shares towards 1.01 crore on provide, in keeping with knowledge accessible with the exchanges.
The portion put aside for retail traders and HNIs was subscribed 4.61 occasions and 17.86 occasions, respectively, whereas the quota for QIB was subscribed 67.14 occasions.
Your entire ₹836-crore difficulty is an offer-for-sale.
Anchor traders
On Tuesday, the corporate raised ₹251 crore by deciding to allot 43.44 lakh fairness shares to anchor traders at ₹577 a share, as a part of the IPO course of. The anchor traders embrace Nomura Belief, HDFC Trustee Firm, Aditya Birla Solar Life Trustee, Nippon Life India, Morgan Stanley, Carmignac Portfolio, Abakkus Rising Alternatives Fund, Bajaj Allianz Life Insurance coverage, BNP Paribas Arbitrage, Invesco India, Mahindra Manulife, Carnelian Capital, and ICG Q.
Uniparts is a home-grown world producer of engineered programs and options. The group provides programs and parts for the off-highway market and operates out of six manufacturing and three warehousing places and one distribution centre throughout three continents, with its merchandise reaching over 25 international locations worldwide.
Printed on December 2, 2022
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