Business Standard

Uniparts India IPO: Here's why analysts recommend subscribing to the issue

Uniparts India IPO: Brokerages say the issue is reasonably valued given the company's robust financial profile and leading global market position in its core products

IPO
Web Exclusive Premium

Illustration: Ajay Mohanty

Harshita Singh New Delhi
Uniparts India’s initial public offer, which is entirely an offer-for-sale (OFS), has opened for subscription today and will close on Friday, December 2. 

The promoter group and other shareholders are jointly selling shares worth Rs 835 crore in the issue. This is reportedly the company’s third attempt to go public and it has raised Rs 251 crore from 21 anchor investors ahead of the issue. 

The firm is a global manufacturer of engineered systems and solutions for precision products for off-highway vehicles in the agriculture and construction, forestry and mining sectors with a presence in over 25 countries. It has 5 manufacturing

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 30 2022 | 10:20 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com