The preliminary public provide (IPO) of Uniparts India Restricted has obtained 58% bids on day 1 of the provide on Wednesday. The 835.6 crore IPO of the corporate is promoting as much as 14,481,942 fairness shares within the vary of Rs 548-577 per share between November 30 and December 2. That is solely a suggestion on the market subject.
At 11:15 AM, the retail quota of the IPO was subscribed at 1.08 instances, whereas the non-institutional investor part introduced in 1.31 instances of bids and the allocation to certified institutional bidders was not even marked off. On Tuesday, Uniparts India mentioned it had raised Rs 251 crore from anchor buyers.
Included within the yr 1994, Uniparts India is a producer of engineered techniques and options. The corporate has wholesome financials with double digit EBITDA margin of twenty-two% and return ratios profile (RoCE >25%) with Debt: Fairness at 0.2x as of FY22.
For suggestions and strategies, write to us at editorial@iifl.com
