Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Engg solutions provider Uniparts India's IPO subscribed 25.32 times
The Initial Public Offer (IPO) of engineering systems and solutions provider Uniparts India was subscribed 25.32 times on the last day of subscription. The IPO received bids for 25,66,29,175 shares against 1,01,37,360 shares on offer. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 67.14 times, while the quota for non-institutional investors got 17.86 times subscription and the portion for Retail Individual Investors (RIIs), 4.61 times. The IPO of 1,44,81,942 equity shares had a price range of INR 548-577 a share. Uniparts India has raised INR 251 crore from anchor investors. Axis Capital, DAM Capital Advisors and JM Financial were the managers to the offer. Uniparts India is a global manufacturer of engineered systems and solutions and is a supplier to the off-highway market in agriculture and construction, forestry and mining and aftermarket sectors. It has presence across 25 countries.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.