Uniparts is the latest IPO to hit the market on 30th November. Check out IPO, Company and financial details

Uniparts India IPO hits markets from 30th November

Uniparts India IPO hits markets

As November is about the close, Uniparts India IPO will mark the month-end as it is slated to launch from 30th November. The IPO will allow you to invest in the shares of the engineered systems and solutions provider. The details of the IPO are as follows –

Details of IPO

Related - Know the difference between IPOs and NFOs

About Uniparts India

Uniparts India Limited was launched in 1994 to manufacture engineered systems and solutions. Present in more than 25 countries, Uniparts India is one of the primary suppliers of components and systems to the off-highway market in forestry, mining, construction, and agriculture. The company also supplies its products to the aftermarket sectors globally.

The product bouquet of Uniparts India includes 3PL (3-point Linkage systems), PMP (Precision Machined Parts), PTO (Power Take-Off), hydraulic cylinders or components and fabrications.

Uniparts has five manufacturing units in India located at Vishakhapatnam, Noida and Ludhiana. A manufacturing, warehousing and distribution facility is also located at Eldridge, Iowa, and another warehousing and distribution facility is located at Augusta, Georgia.

The company’s business includes direct exports, local deliveries, and international and warehouse sales.

Financial performance of Uniparts India

Over the years, the company has delivered a good financial performance. Here’s a look at the key metrics –

Financial performance of Uniparts India

Other details of the IPO

The latest IPO is Uniparts’ third attempt to go public. Though it received approval from SEBI earlier, it did not float the IPO.

The IPO is completely an Offer For Sale (OFS) wherein the company’s promoters are diluting their stakeholding. As such, the proceeds of the IPO will not form a part of the company’s equity share capital.

The promoters offloading their stake in the OFS include –

  • The Meher Soni 2018 CG-NG Nevada Trust
  • The Karan Soni 2018 CG-NG Nevada Trust
  • Ashoka Investment Holdings Limited
  • Pamela Soni
  • Ambadevi Mauritius Holding Limited

So, check out the IPO details before you subscribe to the offer.

Related - Here's a look at the concept of grey market in IPOs

Check out this video for more details on the IPO


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