On the final day of the offer, the Uniparts India IPO received a 25.32 times subscription
According to NSE data, bids for the IPO's 1,01,37,360 available shares totaled 25,66,29,175 shares.
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On Friday's final day of subscriptions, the Initial Public Offering (IPO) of engineering systems and solutions supplier Uniparts India received 25,32 times as many subscriptions.
According to NSE data, bids for the IPO's 1,01,37,360 available shares totaled 25,66,29,175 shares.
The category designated for Qualified Institutional Buyers (QIBs) received 67.14 times the number of subscriptions as opposed to 17.86 times for non-institutional investors and 4.61 times for retail individual investors (RIIs).
The pricing range for the IPO of up to 1,44,81,942 equity shares was Rs. 548 to Rs. 577 per share. Uniparts India announced on Tuesday that it has collected Rs 251 crore from anchor investors. The company will not get any of the profits from the public offering because the IPO is solely an offer for sale (OFS).
An international producer of designed systems and solutions is Uniparts India. Due to its presence in more than 25 countries, it is one of the top suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining, and aftermarket sectors.
The offer's managers were Axis Capital, DAM Capital Advisors, and JM Financial.
