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UniParts India IPO Opens Today, Should You Apply? Details Inside
Uniparts India's Rs 8356.1 Million initial public offering (IPO) opens for subscription today. The company will not receive any proceeds from the Offer for Sale. The price band for the IPO is Rs 548-577 and the minimum lot size is Rs 25. Its Face value is Rs 10. The bid opens on 29 November 2022 and will close on 2 December 2022. On Monday, December 12, 2022, the company's shares are planned to be listed on the stock exchanges BSE and NSE.
The book-running lead managers of the IPO are Axis Capital Limited, DAM Capital Advisors Limited and JM Financial Limited. The registrar of the offer is Link Intime India Private Limited.
Capital Structure & Share Holding Pattern
| Capital Structure (₹ million) | Aggregate Value |
|---|---|
| Authorized share capital | 600 |
| Subscribed paid up capital (Pre-Offer) | 451.34 |
| Paid up capital (Post - Offer) | 451.34 |
| Share Holding Pattern % | Pre-Issue | Post Issue |
|---|---|---|
| Promoters & Promoter group | 75.5 | 65.8 |
| Public | 24.5 | 34.2 |
| Total | 100 | 100 |
About the company
Uniparts India Ltd is a global manufacturer of engineered systems and solutions and is one of the leading suppliers of systems and components for the off-highway market in the agriculture and CFM and aftermarket sectors. The company enjoys significant Global Market share and has presence in key markets worldwide, including North and South America, Europe, Australia, Japan and India. It also serves some of the largest global companies and has long-term relationships with key global customers, including major original equipment manufacturers.
Should You Apply or Skip IPO?
According to the brokerage, the company is available at the upper end of the IPO price band at 15.6x its FY22 earnings attributable to post-issue equity demanding a market cap of Rs. 26,042.2 million. At the upper end of the IPO price band, the issue is priced at a P/BV of 3.6x based on its NAV of Rs.
158.2 as of June 30, 2022.
The Company intends to expand into newer geographies, adjacent product verticals, acquire additional customer accounts and increase wallet share of existing customers. It also plans to grow inorganically through strategic acquisitions and alliances. "When compared to its listed peers, the issue appears to be reasonably priced. We recommend a "Subscribe-Long Term" rating to this IPO," the brokerage has said.
Disclaimer
The information has been sourced from the brokerage report of Anand Rathi. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.
