IPO
Auto parts firm Uniparts raises Rs.251-Cr from anchor investors
Auto parts focused engineering systems and solutions provider Uniparts India has raised INR 251 crore from anchor investors ahead of its initial share sale that opens for public subscription on Wednesday. The company would allot 43.44 lakh equity shares to anchor investors at INR 577 apiece, aggregating the transaction size to INR 250.68 crore. Nomura, Morgan Stanley, BNP Paribas, HDFC Mutual Fund (MF), Aditya Birla Sun Life MF, Invesco MF, Mahindra MF, Carnelian Capital, Bajaj Allianz Life Insurance Company and Aditya Birla Sun Life Insurance Company are among the anchor investors. The initial public offering (IPO) is entirely an Offer for Sale (OFS) of 14,481,942 equity shares by promoter group entities and existing investors. The issue, with a price band of INR 548-577 a share, will open for public subscription on November 30 and conclude on December 2.
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