Home / Markets / Ipo /  Uniparts India IPO: Latest GMP ahead of share allotment this week

The Initial Public Offer (IPO) of engineering systems and solutions provider Uniparts India was subscribed 25.32 times on the last day of subscription on Friday, December 2, 2022. The issue received bids for 25,66,29,175 shares against 1,01,37,360 shares on offer. As per market observers, Uniparts India shares are available at a premium (GMP) of 60 in the grey market today.

The shares of the company are expected to list on the stock exchanges BSE and NSE next week on Monday, December 12, 2022. Meanwhile, the finalisation of the basis of share allotment of Uniparts India IPO is expected to take place this week on Wednesday, December 7, 2022. Link Intime India Private Ltd is the registrar of the issue.

The initial share sale was of up to 1,44,81,942 equity shares and had a price range of 548-577 a share. Since the initial share sale was entirely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue. Uniparts India said it raised 251 crore from anchor investors ahead of its offer.

Uniparts India Limited was incorporated on September 26, 1994 and 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 agriculture and construction, forestry and mining and aftermarket sectors on account of its presence across over 25 countries.

Uniparts had an estimated 16.68% market share of the global 3PL market in Fiscal 2022 in terms of value and an estimated 5.92% market share in the global PMP market in the CFM sector in Fiscal 2022 in terms of value.

Karan Soni 2018 CG-NG Nevada Trust, Meher Soni 2018 CG-NG Nevada Trust, Pamela Soni, and investors Ashoka Investment Holdings Ltd and Ambadevi Mauritius Holding Ltd are the promoter group entities that are offering shares in the OFS.

In India, Uniparts has 5 manufacturing facilities, 2 at Ludhiana, 1 at Visakhapatnam, and 2 at Noida. They also have set-up a distribution facility in Noida. In the United States, they have a manufacturing, warehousing and distribution facility at Eldridge, Iowa, acquired in 2005 of Olsen Engineering LLC, now known as Uniparts Olsen Inc. and a warehousing and distribution facility at Augusta, Georgia.

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