Uniparts India IPO to open for subscription on 30 November

Tomorrow investors are going to get another chance to earn in the stock market. Uniparts India, a company providing engineering systems and solutions, is coming up with its Initial Public Offering (IPO). Uniparts India’s IPO will open tomorrow for retail investors.

The shares of the company are expected to be listed on the stock exchanges BSE and NSE on Monday, December 12, 2022. Its opening will be on 30 November, while the closing is on 2 December.

Uniparts India IPO: Price band

Engineering systems and solutions provider Uniparts India has fixed a price band of Rs 548-577 per share for its Rs 836 crore IPO. According to news agency PTI, the IPO is entirely based on Offer for Sale (OFS) of 14,481,942 shares by promoters and existing investors. The company will not receive any income from the public issue.

There has been a steady growth in revenue and margin over the last three financial years. Its market cap is around Rs 2,604 crore.