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The Global Manufacturer of engineered systems and solutions, Uniparts India Limited, has submitted the Draft Red Herring Prospectus (DRHP) to the capital market regulator, Securities and Exchange Board of India (SEBI) in order to obtain its approval and launch the Initial Public Offering (IPO) in the Market.

Uniparts India IPO is going to be entirely an Offer for Sale and will not comprise any new issue of equity shares. Let’s discuss all the details of this upcoming IPO in our Uniparts India IPO Review. We will discuss on the company’s operations, its products and services, promoters and management, the financial standing and many more aspects.

Face ValueRs 10
Price BandRs. 548 to Rs. 577 per share
Listing AtBSE, NSE
Min. Order Quantity25 Shares
Listing DateDec 12, 2022
Offer for SaleRs. 835.61 Crore
Fresh Issue
IPO SizeRs. 835.61 Crore
Tick Size1

 


Uniparts India IPO Overview

Uniparts India IPOUniparts India IPO consists of an Offer for Sale of 15,731,942 Equity Shares offered by the promoter group entities and some of the company’s early investors.

Since the entire IPO is an Offer for Sale, the company will not receive any proceeds from the IPO; the selling shareholders will be entitled to it.

It is the third attempt of Uniparts India to go public and list its shares on the stock exchanges.

Uniparts India IPO Important Dates

EventsDate
IPO Opening DateNov 30, 2022
IPO Closing DateDec 2, 2022
Basis of Allotment FinalizationDec 7, 2022
Refunds InitiationDec 8, 2022
Credit of Shares to Demat AccountDec 9, 2022
Share Listing DateDec 12, 2022

Uniparts India Limited has recently filed the preliminary documents with SEBI to seek its approval. The filing was done on 25th April 2022, and now the company is waiting for approval.

After obtaining the SEBI nod, the company will determine the Uniparts India IPO Dates.

The IPO dates will consist of the period for which the IPO will be open, the share listing date, the finalization of the basis of allotment, the allotment date, and the refund initiation date.

Uniparts India IPO Price, Size, Share Offerings

Face ValueRs.10
Price BandRs. 548 to Rs. 577 per share
Offer for SaleRs. 835.61 Crore
Fresh Issue
IPO SizeRs. 835.61 Crore

Uniparts India’s IPO Size is 1,57,31,942 Equity Shares offered via Offer for Sale.

The Uniparts India IPO Price will be determined through the Book Building Process by the company and the selling shareholders in consultation with the Book Running Lead Managers. The Face Value of the shares is Rs. 10 each.

The company and the investor selling shareholders will decide the Price Band and Minimum Lot Size for applying to the IPO.

Uniparts India IPO Grey Market Premium

DateGMP (Rs.)Kostak Rate (Rs.)Subject to Sauda (Rs.)
 10 Dec 2022Rs. 60Rs. 400Rs. 900
 09 Dec 2022Rs. 60Rs. 400Rs. 900
 08 Dec 2022Rs. 60Rs. 400Rs. 900
 07 Dec 2022Rs. 60Rs. 400Rs. 900
 06 Dec 2022Rs. 60Rs. 400Rs. 900
 05 Dec 2022Rs. 60Rs. 400Rs. 900
 04 Dec 2022Rs. 60Rs. 400Rs. 900
 03 Dec 2022Rs. 60Rs. 400Rs. 900
 02 Dec 2022Rs. 60Rs. 400Rs. 900

Grey Market is an unofficial market where traders trade in the equity shares of the issuer company before the listing on the stock exchange. Grey Market Premium is the price at which the shares are traded.

The GMP of a share influences its listing price largely. Uniparts India IPO GMP will be available after the IPO date is declared by the company.

Uniparts India IPO Subscription Status

Day / DateQIBNIIRIITotal Subscription
1st Day – 30th Nov0.00x0.90x0.77x0.58x
2nd Day – 1st Dec0.97x3.41x2.01x2.02x
3rd Day – 2nd Dec67.14x17.86x4.63x25.32x
Shares Offered or Net Issue2,896,3882,172,2925,068,68010,137,360

Uniparts India IPO Subscription is not open right now. The company will disseminate IPO opening and closing through the Red Herring Prospectus and public announcement.

To apply for the IPO, investors are required to have a Demat account. One can apply for the IPO through the Application Supported by Blocked Amount (ASBA) process only.

Retail investors can also use the UPI mechanism, where they will be required to provide details of their UPI ID.

Uniparts India IPO Allotment Status

The basis of Uniparts India IPO Allotment has not been determined as of now. The company is preparing to launch the IPO at the earliest and attain the benefits of listing.

The shares are proposed to be listed on NSE and BSE. The allotment process will occur after the company receives applications from the investors.

Uniparts India IPO Live Performance

Stay up top with the Uniparts India IPO Performance and all the information related to the IPO. You can check out the prevalent Uniparts India IPO Price here.


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    Latest Uniparts India IPO News

    Uniparts India Ltd, engaged in the business of Engineering systems and solutions, has filed a Draft Red Herring Prospectus to floor its IPO of 15,731,942 equity shares to be offered by promoter group entities and other shareholders.

    The IPO will be an Offer for Sale, and the promoter group participants are – TheKaranSoni2018CG-NG Nevada Trust, The Meher Soni 2018 CG-NG Nevada Trust, and Pamela Soni. Also, as the entire public offer is OFS, the company will not be receiving any proceeds from the IPO.


    Uniparts India – Company Review

    “Uniparts India Limited” commenced its operations in 1994. It has been over two decades since the company was incorporated. They are a global manufacturer of engineered systems and solutions.

    They have emerged as a leading provider of systems and components for the off-highway market and offer their products to various sectors, including agriculture and construction, forestry and mining, and aftermarket.

    Uniparts India has a strong presence across 25 countries. The company delivers its products through its six manufacturing facilities and four warehousing units across the US, Europe, and India.

    Products or Services

    The operations of Uniparts India are spread across international markets. It is among the leading entities offering engineered systems and solutions manufacturing.

    The product portfolio of Uniparts India Limited includes 3 Point Linkage, Precision Machined Parts (PMP), Power Takeoff, Hydraulic Cylinders, and Fabrication.

    The company majorly serves the Agriculture, After Market, Construction & Forestry sectors and makes the majority of its revenue from these sectors.

    It has a strong global business model applying which it serves its customers. The model is based on dual-shore compact and efficient manufacturing, warehousing, and supply chain management systems and solutions.

    Promoters and Holding

    The Promoters of Uniparts India Limited are:

    1. Gurdeep Soni
    2. Paramjit Singh Soni

    The management of the company comprises:

    1. Gurdeep Soni, in the position of Chairman and Managing Director
    2. Paramjit Singh Soni, in the position of Executive Director and Vice-Chairman
    3. Herbert Coenen, in the position of Non-Executive Director
    4. Harjit Singh Bhatia, in the position of Nominee Director
    5. Alok Nagory, in the position of Independent Director
    6. Sharat Krishan Mathur, in the position of Independent Director
    7. Shradha Suri, in the position of Independent Director
    8. Sanjeev Kumar Chanana, in the position of Independent Director
    9. Sudhakar S Kolli, in the position of Group Chief Operating Officer
    10. Munish Sapra, in the position of Group Chief Financial Officer
    11. Jatin Mahajan, in the position of Company Secretary and Compliance Officer

    Is Uniparts India good for Investment?

    Uniparts India Limited is a top company in manufacturing engineered systems and solutions. The products of the company reach over 25 countries and have manufacturing and warehousing units in India as well as globally.

    Uniparts India has a diversified product portfolio and caters to various segments and sectors. It serves OHV players, which includes OEMs and aftermarket retail store chains.

    The company won the ‘Most Versatile Supplier’ award in 2020 by Kubota India. It was also awarded ‘Overall Excellence in Procurement and Source Cost Reduction’ in Procurement Tech Summit and Awards 2019.

    It has earned various other recognitions and awards for its excellence and quality.


    Uniparts India Financial Statements

    Amount (in INR & Million)
    31-Dec-21Mar-2131-Mar-2031-Mar-19
    Assets10,072.538,932.708,987.479,584.37
    Revenue8,841.899,476.899,388.3810,624.78
    Expense7,142.358,291.298,644.359,709.24
    Profit After Tax1,223.36923.86626.42695.97

    Uniparts India is a profitable entity and has been clocking impressive financial results in the previous years.

    The company has a total income of Rs. 10,624.78 million, Rs. 9388.38 million, and Rs. 9,476.89 million in the years 2019, 2020, and 2021 respectively.

    The company’s profits for the years 2019, 2020, and 2021 were Rs. 915.54 million, Rs. 744.03 million and 1,185.60 million, respectively.

    The company posted a total income of Rs. 8,841.89 million for the nine months of 2021, ended 31st December 2021 and its profit for the same period stood at Rs. 1,699.54 million.

    Earnings per Equity Share (in Million)
    31-Dec-21Mar-2131-Mar-2031-Mar-19
    Basic27.7320.9514.2015.78
     Diluted27.1120.4713.8815.42

    The company has an impressive EPS as well, and it has been expanding every year from Rs. 20.95 in the last financial year to Rs. 27.73 as of 31st December 2021.


    Uniparts India IPO Review

    Uniparts India IPO is entirely an Offer for Sale. Offer for Sale is an IPO form where the company’s promoters and other existing shareholders offer their shares to the general public to subscribe to.

    It can also be considered a partial or complete exit route in many situations.

    The selling shareholders will receive the proceeds of the IPO in proportion to their offering after deducting the fees and expenses of the company.

    The company has proposed the IPO to execute the share sale of 15,731,942 Equity Shares and achieve listing benefits.


    Uniparts India IPO Details

    Here are few more details you need to know before investing in Uniparts India IPO –

    Uniparts India IPO Issue Object

    Uniparts India has proposed diverse objectives for making the IPO offer and some of the objectives are:

    • Utilisation of the Offer Proceeds by Selling Shareholders
    • Offer Related Expenses

    Uniparts India IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Leading market presence in global off-highway vehicle systems and components segment
    • Engineering driven, vertically integrated precision solutions provider
    • Global business model optimizing cost-competitiveness and customer supply chain risks
    • Long-term relationships with key global customers, including major OEMs, resulting in a well-diversified revenue base
    • Strategically located manufacturing and warehousing facilities that offer scale and flexibilit
    • Strong financial position with robust financial performance metrics
    • Experienced Promoters and qualified senior management team

    Quantitative factors are:

    Basic EPSDiluted EPSRONW (%)NAV (Rs.)
    31-Mar-2120.9520.4716.52123.94
    31-Mar-2014.2013.8813.50102.84
    Mar-1915.7815.4216.4993.50

    Uniparts India IPO Lead Managers

    Here are the list of Lead managers –

    • Axis CapitalLimited
    • DAM Capital Advisors Limited
    • JM Financial Limited

    Uniparts India IPO Registrar to offer

    Check out the details of registrar here –

    Link Intime India Private Limited
    C-101, 1st Floor, 247 Park, L.B.S. Marg,
    Vikhroli West, Mumbai 400 083
    Maharashtra, India
    Tel: + 22 4918 6200
    E-mail: uniparts.ipo@linkintime.co.in
    Investor grievance e-mail: uniparts.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Contact person: Shanti Gopalkrishnan
    SEBI Registration No.: INR000004058

    Uniparts India IPO – Other Details

      • Statutory Auditor – Rakesh Banwari & Co.
    • Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
    • Bankers to the Company – DBS Bank India Limited and RBL Bank Limited

    Uniparts India IPO Verdict by Stock Brokers

    The IPO is in the primary stage, and the company has recently filed the documents with authority to seek approval.

    Full information regarding the IPO dates, price band, and offer details will be available soon after the SEBI consent to floor the shares in the market.


    Uniparts India IPO – Conclusion

    The Uniparts India IPO comprises only Offer for Sale. The IPO can be an interesting chance for investors interested in engineered systems and solutions manufacturing companies.

    The promoter group entities and the company’s investors will be making a partial or full exit through the IPO.

    The company has a positive reputation in the Market. It is the third attempt of the company to go public. The IPO was approved by SEBI when it applied earlier.

    The investment in the company can deliver positive outcomes for the investors as the company is profit-making, its operations are widening, and it has a progressive EPS.


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      Uniparts India IPO Review FAQs

      Check out the FAQs on Uniparts India IPO –

      What is the Issue Size of Uniparts India IPO?

      The Company is making an initial public offer of 14,481,942 equity shares. They vividly portray the aspects of the issue in this article.

      You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Uniparts India IPO?

      The price band for this particular IPO ranges between Rs. 548 to Rs. 577 per share. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Uniparts India IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Nov 30, 2022, while the closing date is set at Dec 2, 2022.

      What is the Uniparts India IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO.

      Basis of Allotment finalization is on Dec 7, 2022, refund initiation is on Dec 8, 2022, credit of shares is on Dec 9, 2022, and share listing date is on Dec 12, 2022.

      What is the Uniparts India IPO Listing Date?

      Shares of this company shall be listed in the exchanges Dec 12, 2022. The date, when the listing would be done, is stagnant on Dec 12, 2022.

      Who is the Registrar of Uniparts India IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Uniparts India IPO?

      Here are the promoters of this IPO – GURDEEP SONI AND PARAMJIT SINGH SONI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Uniparts India IPO?

      They have obtained the GMP of this IPO and it is Rs. 60. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Uniparts India IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years.

      You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Uniparts India Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide.

      PAT for the financial year 2021 in Million is 923.86, 2020 is 626.42, 2019 is 695.97. PAT from Dec 2021 is 1,223.36.


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