All that you should know about the Company before applying for the IPO.
The public issue of equity shares of UNIPARTS INDIA LIMITED will open for subscription on November 30, 2022 and closes on December 02, 2022. It is expected to list on the stock exchanges on December 12, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 1994, the company is a global manufacturer of engineered systems and solutions, and it 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 on account of their presence across over 25 countries. They are a concept-to-supply player for precision products for off-highway vehicles with a pres-ence across the value chain. Their 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, fabrications and hydraulic cylinders or components thereof.
The company had an estimated 16.68% market share of the global 3PL market in Fiscal 2022 in terms of value and an estimated 5.92% market share in the global PMP market in the CFM sector in Fiscal 2022 in terms of value. Moreover, they also cater to the aftermarket segment, especially for 3PL products. They provide re-placement 3PL parts to organized aftermarket retailers and distributors in North America, Europe, South Afri-ca, and Australia.
In India, the company has 5 manufacturing facilities, 2 in Ludhiana, 1 in Visakhapatnam, and 2 in Noida. They also have set up a distribution facility in Noida. In the United States, they have a manufacturing, warehousing and distribution facility in Eldridge, Iowa. This facility was acquired through the 2005 acquisition of Olsen Engi-neering LLC, now known as Uniparts Olsen Inc. and a warehousing and distribution facility in Augusta, Geor-gia.
In fiscal 2022, the company's customer base included over 125 customers in over 25 countries globally. Bob-cat, TAFE and Kramp are some of the customers with whom they have had relationships for over 15 years, while with customers like Yanmar, they have had relationships for over 10 years.
Gurdeep Soni and Paramjit Singh Soni
Given below are the objectives of the Company –
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
|IPO Size||₹835.61 Crore *|
|Offer Mix||100% Offer For Sell *|
|Price Band||₹ 548 - ₹ 577|
|Lot Size||25 Shares (& in multiples thereof)|
|Face Value||₹ 10|
|Application Amount||Min. ₹ 14,425 (1 lot) | Max. ₹ 1,87,525 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||Link Intime India Private Limited|
|Cut-off time for UPI Mandate Confirmation||02-December-2022 (up to 05:00 PM)|
₹ 417.81 Crore
(50% of the Issue Size)
₹ 125.34 Crore
(15% of the Issue Size)
₹ 292.46 Crore
(35% of the Issue Size)
|IPO Opens||November 30, 2022|
|IPO Closes||December 02, 2022|
|Finalization of the basis of allotment||December 07, 2022|
|Unblocking of funds / Initiation of refunds||December 08, 2022|
|Credit of equity shares to Demat accounts||December 09, 2022|
|Listing of equity shares||December 12, 2022|
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