Uniparts India Limited IPO Details with Share Price and Issue Size
| Opening Date | 30, November 2022 |
| Closing Date | 02, December 2022 |
| Refund Initiation | 08, December 2022 |
| Listing Date | 12, December 2022 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹548 to ₹577 per equity share |
| Minimum Order Quantity | 25 Shares |
| Issue Size | ₹835.61 Cr |
The month of November 2022, saw a couple of IPOs getting listed in the secondary market. Amongst those were Global Health Ltd, Archean Chemicals Industries Ltd, Five Star Business Finance Ltd, Kaynes Technology India Ltd, Bikaji Foods and Rustomjee - Keystone Realtors Ltd. While not all proved to be the opportunity for investors, Global Health, Archean Chemicals and Kaynes Technology India Ltd proved to be an exception, as these generated listing gains of over 17%. Now, as we come towards the end of this IPO month, there are some IPOs queued to be going live - among which is - Uniparts India Ltd. In this article, let’s study the details of this IPO which will eventually help you to decide if it’s investment-worthy or not!
About the Company -
Incorporated in the year 1994, Uniparts India Ltd 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 across 25 countries. The company 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.
In India, the company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh.
The financials of the company for the last three financial years are given as below:
| Particulars | Three month period ended June 30, 2022 | As of and for the Financial Year ended March 31 | ||
| 2022 | 2021 | 2020 | ||
| Equity share capital | 45 | 45 | 45 | 45 |
| Networth | 714 | 685 | 560 | 464 |
| Total Borrowings | 115 | 127 | 128 | 256 |
| Revenue from Operations | 347 | 1227 | 903 | 907 |
| EBITDA | 76 | 272 | 164 | 128 |
| Profit/ (Loss) after Tax | 51 | 167 | 93 | 63 |
| Return on Equity | 7%* | 27% | 18% | 14% |
| Earnings per share (₹/share, diluted) | 1 | 4 | 2 | 1 |
| Return on Capital Employed | 9%* | 31% | 20% | 14% |
| Net asset value per share | 158 | 152 | 124 | 103 |
all numbers stated are in crore, except share data.
*not annualized
Uniparts India Ltd details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Uniparts India Ltd date and its share price.
Uniparts India Ltd issue date -
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is going live from November 30 and will be available for subscription until December 02, 2022.
Uniparts India Ltd issue size -
The total issue size of the latest Uniparts India Ltd is declared to be ₹835.61 crores. This is a total offer for sale. The company is offloading 14,481,942 equity shares in OFS.
50% of the offer is for QIBs (Qualified Institutional Buyers), 35% for retail investors, and the balance 15% for NIBs (Non-institutional Investors).
Uniparts India Ltd share price
The price band of the company’s upcoming IPO is declared to range between ₹548 to ₹577 per equity share
Uniparts India Ltd listing
Since the IPO of Uniparts India Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
Uniparts India Ltd objectives
The net proceeds of the Issue, i.e. gross proceeds of the Issue are proposed to be utilized in the following manner:
- To carry out the Offer for Sale
- To achieve the benefits of listing Equity Shares on the Stock Exchanges
Uniparts India Ltd Strengths
- 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 OEM, resulting in a well-diversified revenue base
- Strategically located manufacturing and warehousing facilities that offer scale and flexibility
Uniparts India Ltd risks
- Exposed to foreign currency fluctuation
- Significant revenue (40%) portion derived from subsidiaries
- Unavailability of Raw materials and labor
- A significant amount of short-term borrowings
Conclusion
If you wish to become a part of this exciting IPO opportunity, you will need to have an online demat and trading account, which will help you get shares of your favorite companies. To open a Demat account online for Free*, all you have to do is sign-up with Motilal Oswal and get started.
If you are an existing customer with Motilal Oswal, you can now invest in the IPOs in just one click through UPI payment!
It’s all easy. It’s all good.
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