Uniparts India Limited to Open on Nov 30. Check IPO Details, Issue Date, Price

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Uniparts India Limited to Open on Nov 30. Check IPO Details, Issue Date, Price

November 28, 2022
Uniparts India Limited to Open on Nov 30. Check IPO Details, Issue Date, Price

Uniparts India Limited is coming out with a fresh public issue to raise Rs. 836 crores from the market.

Below are the details of the Uniparts India Limited IPO:

  • Issue opens – Nov 30 (Wednesday)
  • Issue closes – Dec 02 (Friday)
  • Issue size – Rs. 836 crores
  • Price band – Rs. 548 to 577 per equity share
  • Bid lot – 25 shares and in multiples thereof

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And here are some details of the company and further details on the Uniparts India Limited.

Company details:


·  Uniparts India Limited (“Uniparts”) was incorporated on September 26, 1994. Uniparts is a global manufacturer of engineered systems and solutions, and it is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining (“CFM”) and aftermarket sectors on account of their presence across over 25 countries.

·  Uniparts is a concept-to-supply player for precision products for off-highway vehicles (“OHVs”) with presence across the value chain. Their product portfolio includes core product verticals of 3-point linkage systems (“3PL”) and precision machined parts (“PMP”) as well as adjacent product verticals of power take off (“PTO”), fabrications and hydraulic cylinders or components thereof. They have a leading presence in the manufacture of 3PL and PMP products globally on account of them serving some of the largest global companies. Most of Company’s products are structural and load bearing parts of the equipment and are subject to strict tolerances, specifications, and process controls.

·  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.

·  Uniparts provides replacements of 3PL parts to organized aftermarket retailers and distributors in North America, Europe, South Africa and Australia.

·  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. (“UOI”) and a warehousing and distribution facility at Augusta, Georgia.

·  In Fiscal 2022, Company’s customer base comprised over 125 customers in over 25 countries globally. Bobcat, TAFE and Kramp are some of the customers with whom they have relationships for over 15 years, while with customers like Yanmar, they have a relationship with for over 10 years.

Issue Size: 836 crores

Issue break-up:

  • QIB – 50% of the offer – Rs. 418 crores
  • NIB – 15% of the offer – Rs. 125 crores
  • RET – 35% of the offer – Rs. 292 crores

Listing: BSE and NSE

Registrar: Link Intime India Private Limited

UPI: All Retail & NII bidders' (bids up to Rs 5,00,000) applications through brokers are compulsorily in UPI Mode

Note

· Application made using third party UPI or ASBA Bank A/c are liable to be rejected.      

· The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ? 5,00,000) shall expire at 5:00 PM on the closing day of  the IPO i.e. December 2, 2022. 

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