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All that you should know about the Company before applying for the IPO.

November 26, 2022     

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.

Company Profile

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.

Who are the Promoters of the Company?

Gurdeep Soni and Paramjit Singh Soni

Positives about the Company

  • 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 OEMs, resulting in a well-diversified revenue base.
  • Strategically located manufacturing and warehousing facilities that offer scale and flexibility
  • Healthy financial position with robust financial performance metrics
  • Experienced Promoters and qualified senior management team

Who are its listed peers?

  • Balkrishna Industries Limited
  • Bharat Forge Limited
  • Ramkrishna Forgings Limited

Why is the Company going public?

Given below are the objectives of the Company –

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges
  • Enhance visibility and brand image & provide liquidity to Shareholders

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 Details

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)
* at upper price band

Category Wise Availability *

QIB ₹ 417.81 Crore
(50% of the Issue Size)
NIB ₹ 125.34 Crore
(15% of the Issue Size)
Retail ₹ 292.46 Crore
(35% of the Issue Size)
* at upper price band

Indicative Issue Timeline

Activity Date
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
Source: Company RHP  Alternate Text


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