scorecardresearchUniparts India IPO: Issue subscribed 58% on first day

Uniparts India IPO: Issue subscribed 58% on first day

Updated: 30 Nov 2022, 06:21 PM IST
TL;DR.
  • The non institutional investors' portion was subscribed 0.90 times, and the retail investors' portion was subscribed 0.77 times.
The company received bids for 58,36,700 shares against 1,01,37,360 shares on offer, according to data from the BSE. The issue will close on Friday.

The company received bids for 58,36,700 shares against 1,01,37,360 shares on offer, according to data from the BSE. The issue will close on Friday.

New Delhi-based Uniparts India's initial public offering (IPO), which opened for subscription on Wednesday, was subscribed 0.58 times or 58 percent on the first day.

The company received bids for 58,36,700 shares against 1,01,37,360 shares on offer, according to data from the BSE. The issue will close on Friday.

The non institutional investors' portion was subscribed 0.90 times, and the retail investors' portion was subscribed 0.77 times.

The portion set aside for qualified institutional buyers was nil.

On Tuesday, the global manufacturer of engineered systems and solutions garnered 250.68 crore from anchor investors ahead of its initial public offering.

The company informed the bourses that it allocated 4,344,582 shares at 577 per share to anchor investors.

The price band for the offer has been determined at 548 – 577 per equity share.

The promoters pre-issue shareholdings was at 75.54 percent, and post-issue shareholdings will be 65.79 percent.

The issues is entirely an offer for sale of up to 14,481,942 equity shares, aggregating up to 836 crore.

The company has a leading market presence in global off-highway vehicles’ systems and components segments. The issue will close on December 2.

Article
IPO is the first public issue of the shares of a private company whereas FPO is the second public issue of the shares of an already listed public company.
First Published: 30 Nov 2022, 06:21 PM IST