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Engg solutions provider Uniparts India files draft papers

Economic Times  

Engineering systems and solutions provider Uniparts India Ltd has filed preliminary papers with the capital markets regulator Sebi (Securities and Exchange Board of India) to raise funds through an IPO. The initial share sale is entirely an Offer for Sale (OFS) of 15,731,942 equity shares by promoter group entities and existing investors. Those offering shares in the OFS include: Karan Soni 2018 CG-NG Nevada Trust, Meher Soni 2018 CG-NG Nevada Trust, Pamela Soni -- and investors -- Ashoka Investment Holdings Ltd and Ambadevi Mauritius Holding Ltd. Axis Capital, DAM Capital Advisors and JM Financial are the book running lead managers to the issue. Uniparts had filed its IPO papers with Sebi in December 2018 and in September 2014. It also obtained the regulator's clearance but did not go ahead with the initial share sale. Uniparts manufactures engineered systems and solutions. It is one of the suppliers of systems and components for the off-highway market in agriculture and construction, forestry and mining and aftermarket sectors and is present across over 25 countries.