Bookbuilding IPO | ₹836 Cr | Listed at BSE, NSE | Wed, Nov 30, 2022 - Fri, Dec 2, 2022
Uniparts India IPO is a book build issue of ₹835.61 crores. The issue is entirely an offer for sale of 1.45 crore shares of ₹835.61 crore.
Uniparts India IPO bidding started from Nov 30, 2022 and ended on Dec 2, 2022. The allotment for Uniparts India IPO was finalized on Dec 7, 2022. The shares got listed on BSE, NSE on Dec 12, 2022.
Uniparts India IPO price band is set at ₹577 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹14,425 (25 shares) (based on upper price). The lot size investment for sNII is 14 lots (350 shares), amounting to ₹2,01,950, and for bNII, it is 70 lots (1,750 shares), amounting to ₹10,09,750.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Uniparts India IPO RHP for detailed Information.
IPO Open
Wed, Nov 30, 2022
IPO Close
Fri, Dec 2, 2022
Issue Price
₹577 per share
Market Cap (Pre-IPO)
₹2,604.22 Cr
| IPO Date | 30 Nov to 2 Dec, 2022 |
| Listed on | Mon, Dec 12, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹548 to ₹577 |
| Issue Price | ₹577 per share |
| Lot Size | 25 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,44,81,942 shares (agg. up to ₹836 Cr) |
| Offer for Sale | 1,44,81,942 shares of ₹10 (agg. up to ₹836 Cr) |
| Share Holding Pre Issue | 4,51,33,758 shares |
| Share Holding Post Issue | 4,51,33,758 shares |
| BSE Script Code / NSE Symbol | 543689 / UNIPARTS |
| ISIN | INE244O01017 |
Uniparts India IPO offers total 1,44,81,942 shares. Out of which 72,40,970 (50.00%) allocated to QIB, 28,96,388 (20.00%) allocated to QIB (Ex- Anchor), 21,72,292 (15.00%) allocated to NII 50,68,680 (35.00%) allocated to RII and 43,44,582 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 72,40,970 (50.00%) | NA |
| − Anchor Investor Shares Offered | 43,44,582 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 28,96,388 (20.00%) | NA |
| NII (HNI) Shares Offered | 21,72,292 (15.00%) | NA |
| − bNII > ₹10L | 14,48,194 (10.00%) | 4,137 |
| − sNII < ₹10L | 7,24,098 (5.00%) | 2,068 |
| Retail Shares Offered | 50,68,680 (35.00%) | 2,02,747 |
| Total Shares Offered | 1,44,81,942 (100.00%) |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,425 |
| Retail (Max) | 13 | 325 | ₹1,87,525 |
| S-HNI (Min) | 14 | 350 | ₹2,01,950 |
| S-HNI (Max) | 69 | 1,725 | ₹9,95,325 |
| B-HNI (Min) | 70 | 1,750 | ₹10,09,750 |
Uniparts India IPO raises ₹250.68 crore from anchor investors. Uniparts India IPO Anchor bid date is November 29, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 29, 2022 |
| Shares Offered | 43,44,582 |
| Anchor Portion (₹ Cr.) | 250.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 6, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 7, 2023 |
Incorpotated in 1994, Uniparts India Limited is a manufacturer of engineered systems and solutions. The company 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 with the presence across over 25 countries.
The company's 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. Uniparts is a concept-to-supply player for precision products for off-highway vehicles ("OHVs") with a presence across the value chain
In India, the company have five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh.
Uniparts also have a manufacturing, warehousing and distribution facility at Eldridge, Iowa, acquired under the acquisition in 2005 of Olsen Engineering LLC, now known as Uniparts Olsen Inc. ("UOI") and a warehousing and distribution facility at Augusta, Georgia.
The company's global business model is based on :
1. The sales in regions outside India ("International Sales").
2. The sales from our dual shore manufacturing facilities in India and the United States, in their respective domestic markets ("Local Deliveries").
3. Export sales from Indian locations directly to overseas customers ("Direct Exports").
4. Sales from the warehousing facilities in their respective domestic markets ("Warehouse Sales").
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|---|
| Assets | 1,063.51 | 1,031.18 | 893.27 | 898.75 | 958.44 |
| Total Income | 347.76 | 1,231.04 | 947.69 | 938.84 | 1,062.48 |
| Profit After Tax | 50.52 | 166.89 | 93.15 | 62.64 | 69.60 |
| NET Worth | 713.93 | 685.24 | 560.14 | 464.17 | 421.98 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 | |
| Total Borrowing | 114.66 | 127.27 | 127.78 | 256.50 | 345.63 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To carry out the Offer for Sale of 14,481,942 Equity Shares by the Selling Shareholder | |
| 2 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
| KPI | |
|---|---|
| ROE | 26.8 |
| ROCE | 31 |
| Debt/Equity | 0.19 |
| RoNW | 24.35 |
| PAT Margin | 13.60% |
| EBITDA Margin | 22.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 37.74 | |
| P/E (x) | 12.89 | |
| Promoter Holding | 75.54% | 65.79% |
| Market Cap | ₹2,604.22 Cr. |
The Uniparts India IPO is subscribed 25.32 times on December 2, 2022 7:00:00 PM (Day 3). The public issue subscribed 4.63 times in the retail category, 67.14 times in the QIB category, and 17.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 67.14 | 28,96,388 | 19,44,52,175 |
| NII | 17.86 | 21,72,292 | 3,87,98,375 |
| bNII (bids above ₹10L) | 19.46 | 14,48,194 | 2,81,83,150 |
| sNII (bids below ₹10L) | 14.66 | 7,24,098 | 1,06,15,225 |
| Retail | 4.63 | 50,68,680 | 2,34,51,425 |
| Total | 25.32 | 1,01,37,360 | 25,67,01,975 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 24.65 |
| 2 | Advertising and marketing expenses | 5.46 |
| 3 | Commission/processing fee for SCSBs, Sponsor Banks and Banker to the Offer,Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 4.24 |
| 4 | Printing and distribution of issue stationery | 2.21 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses, Fees payable tolegal counsel, auditorsand advisors; and | 15.22 |
| 6 | Miscellaneous | 8.35 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹577.00 | ₹577.00 |
| Open | ₹575.00 | ₹575.00 |
| Low | ₹536.15 | ₹536.50 |
| High | ₹577.00 | ₹577.00 |
| Last Trade | ₹539.55 | ₹539.65 |
Lead Manager Reports
Uniparts India IPO is a main-board IPO of 1,44,81,942 equity shares of the face value of ₹10 aggregating up to ₹836 Crores. The issue is priced at ₹577 per share. The minimum order quantity is 25.
The IPO opens on Wed, Nov 30, 2022, and closes on Fri, Dec 2, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Uniparts India IPO using UPI as a payment gateway. Zerodha customers can apply in Uniparts India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Uniparts India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Uniparts India IPO opens on Wed, Nov 30, 2022 and closes on Fri, Dec 2, 2022.
Uniparts India IPO lot size is 25, and the minimum amount required for application is ₹14,425.
You can apply in Uniparts India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Uniparts India IPO will be done on Wednesday, December 7, 2022, and the allotted shares will be credited to your demat account by Fri, Dec 9, 2022. Check the Uniparts India IPO allotment status.
The Uniparts India IPO listing date is on Mon, Dec 12, 2022.
