Uniparts India’s IPO will open on November 30
Uniparts India, a manufacturer of finagled systems and results, has fixed the price band for its original public immolation at Rs 548-577 per share. The IPO will open for bidding on November 30 and near on December 2. The issue will see the trade of further than 1.44 crore shares by promoters and investors.
Promoters Karan Soni 2018 CG- NG Nevada Trust, Meher Soni 2018 CG- NG Nevada Trust, Pamela Soni, Ashoka Investment effects and Ambadevi Mauritius Holding will be offering shares in the IPO. The company won’t admit any proceeds from the public issue.
Uniparts India is a global manufacturer of finagled systems and results and claims to be one of the leading suppliers of systems and factors for the off- trace request in the husbandry and construction, forestry and mining (CFM) and aftermarket sectors on account of its presence across further than 25 countries. As per PTI, Uniparts had doubly attained authorization to float in the history after filing IPO papers in December 2018 and September 2014 but chose not to launch the issue.
Since the IPO would be entirely an OFS, the company won’t admit any proceeds from the public issue. This would be the company’s third attempt to go public.
before, Uniparts had filed its IPO papers with SEBI in December 2018 and September 2014. It also attained the controller’s concurrence to launch the IPO on the two occasions but didn’t go ahead with it. Axis Capital, DAM Capital counsels and JM Financial are the book running lead directors to the issue. Uniparts India is a global manufacturer of engineering systems and results.
It’s one of the leading suppliers of systems and factors for the off- trace request in husbandry and construction, forestry and mining and aftermarket sectors on account of its presence across 25 countries.
The company’s product portfolio includes core product verticals of 3- point relation systems and perfection crafted corridor as well as conterminous product verticals of power take- off, fabrications and hydraulic cylinders or factors thereof.
About Uniparts India
Uniparts Group is a leading international manufacturer of components, assemblies and hydraulic systems for agricultural and construction equipment.
Our customers include the leading OEM manufactures and since start of operation in 1984 the group has grown to a global and leading manufacturer of 3-point linkage systems and precision machined components and is operating out of 8 locations – 5 in India, 2 in USA and 1 in Germany.