Uniparts India: The general public concern is anticipated to fetch Rs 836 crore.(File)

New Delhi:

Engineering techniques and options supplier Uniparts India at this time mentioned it has set a value band of Rs 548-577 a share for its Rs 836-crore preliminary public providing (IPO).

The three-day preliminary share sale will open for public subscription on November 30 and conclude on December 2. The bidding for anchor traders will open on November 29, the corporate introduced in a digital press convention.

The IPO is totally an Provide for Sale (OFS) of 14,481,942 fairness shares by promoter group entities and present traders.

These providing shares within the OFS are promoter group entities — The Karan Soni 2018 CG-NG Nevada Belief, The Meher Soni 2018 CG-NG Nevada Belief, Pamela Soni — and traders — Ashoka Funding Holdings Ltd and Ambadevi Mauritius Holding Ltd.

On the higher finish of the worth band, the general public concern is anticipated to fetch Rs 836 crore.

Because the IPO can be totally an OFS, the corporate won’t obtain any proceeds from the general public concern.

Half of the problem measurement has been reserved for certified institutional traders, 35 per cent for retail traders and the remaining 15 per cent for non-institutional traders.

Buyers can bid for 25 shares and in multiples thereof.

This might be the corporate’s third try to go public. Earlier, Uniparts had filed its IPO papers with Sebi in December 2018 and in September 2014. It additionally obtained the regulator’s clearance to launch the IPO on the 2 events however didn’t go forward with the preliminary share sale.

Axis Capital, DAM Capital Advisors and JM Monetary are the guide operating lead managers to the problem.

Shares of the corporate will probably be listed on the inventory exchanges on December 12.

Uniparts India is a worldwide producer of engineered techniques and options. It is among the main suppliers of techniques and elements for the off-highway market in agriculture and building, forestry and mining and aftermarket sectors on account of its presence throughout over 25 international locations.

It’s a concept-to-supply participant of precision merchandise for off-highway automobiles with presence throughout the worth chain. The corporate’s product portfolio contains core product verticals of 3-point linkage techniques and precision machined components in addition to adjoining product verticals of energy take off, fabrications and hydraulic cylinders or elements thereof.

(Apart from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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