Uniparts India makes tepid D-St debut, lists at marginal discount
The Rs 835.6 crore IPO of Unipart India was sold in the range of Rs 548-577 per share, and was overall subscribed more than 25.3 times between the three-day bidding process November 30 and December 2.
By Pawan Nahar, ETMarkets.com | Updated:
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New Delhi: Uniparts India made a muted debut on Monday, listing at Rs 575 on BSE, a discount of 0.35% over its issue price of Rs 577 apiece.
The engineered systems and solution provider debuted at a discount of 0.35% per cent at Rs 575x as against the given issue price on the National Stock Exchange (NSE) too.
Ahead of its listing, Uniparts India was commanding a premium of Rs 40-45 in the grey markets apiece over the issue price of Rs 577 apiece. This suggested a soft landing for the company.
The Rs 835.6 crore IPO of Unipart India was sold in the range of Rs 548-577 per share, and was overall subscribed more than 25.3 times between the three-day bidding process November 30 and December 2.
The quota reserved for qualified institutional buyers was subscribed 67.14 times while the one reserved for non-institutional investors and retailers was subscribed 17.86 times and 4.63 times, respectively.
Incorporated in 1994, Uniparts India is a manufacturer of engineered systems and solutions. It is a concept-to-supply player for precision products for off-highway vehicles.
The company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. It also has a manufacturing, warehousing and distribution facility at Eldridge (US).
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
The engineered systems and solution provider debuted at a discount of 0.35% per cent at Rs 575x as against the given issue price on the National Stock Exchange (NSE) too.
Ahead of its listing, Uniparts India was commanding a premium of Rs 40-45 in the grey markets apiece over the issue price of Rs 577 apiece. This suggested a soft landing for the company.
The Rs 835.6 crore IPO of Unipart India was sold in the range of Rs 548-577 per share, and was overall subscribed more than 25.3 times between the three-day bidding process November 30 and December 2.
The quota reserved for qualified institutional buyers was subscribed 67.14 times while the one reserved for non-institutional investors and retailers was subscribed 17.86 times and 4.63 times, respectively.
Incorporated in 1994, Uniparts India is a manufacturer of engineered systems and solutions. It is a concept-to-supply player for precision products for off-highway vehicles.
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The company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. It also has a manufacturing, warehousing and distribution facility at Eldridge (US).
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
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