Uniparts India shares make muted debut amid weakness in broader market
Uniparts India launched its ₹836 crore IPO from November 30th to December 2nd. On the last day of the issue, the IPO was oversubscribed by 25.32 times. The company had set a price band of ₹548 per equity share and ₹577 per equity share for the IPO.
Uniparts India witnessed a subdued listing on Monday, tracking broader sluggish market sentiment. The stock opened at a slight discount on exchanges BSE and NSE compared to its upper price band of the IPO. Uniparts shares received strong demand in its IPO which was open from November 30 to December 2nd.
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