According to stock market experts, those who got Uniparts India shares through allotment process can hold the stock maintaining stop loss at ₹535 for short to ...
The IPO, which was a complete offer of sale, was subscribed 25.32 times. Price band was fixed at Rs 548 – 577 apiece.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Incorporated in 1994, Uniparts India is a global manufacturer of engineered systems and solutions. Indian-based global manufacturer of engineered systems and solutions Uniparts made a muted stock market debut on December 12, listing at 0.35 percent discount to its issue price. Ravi Singh, Head of Research, Share India said, "The market sentiments are not supportive at current juncture hence investors may book their positions and wait for lower levels entry along with positive market sentiments." Consolidated revenue from operations at Rs 1,227 crore for FY22 increased by 36 percent over FY21. Price band was fixed at Rs 548 – 577 apiece.
Uniparts India stock listed at Rs 575 on BSE, 0.35% lower to the IPO price. Market cap of Uniparts India stood at Rs 2595.19 crore.
Link Intime India is the official registrar of the Uniparts India IPO. Total 7.76 lakh shares of the firm changed hands amounting to a turnover of Rs 44.64 crore on NSE. Uniparts India is a manufacturer of engineered systems and solutions. The IPO was open from November 30 to December 2. Shares of Uniparts India made a flat market debut today. Market cap of Uniparts India stood at Rs 2,595.19 crore.
The Rs 835.6 crore IPO of Unipart India was sold in the range of Rs 548-577 per share, and was overall subscribed more than 25.3 times between the three-day ...
[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). It also has a manufacturing, warehousing and distribution facility at Eldridge (US). For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Incorporated in 1994, Uniparts India is a manufacturer of engineered systems and solutions. This suggested a soft landing for the company. [ADIA in Advanced Talks to Put $400 m into Lenskart](/epaper/delhicapital/2022/dec/12/et-front/adia-in-advanced-talks-to-put-400-m-into-lenskart/articleshow/96156499.cms)
Uniparts India Share Price Listing NSE, BSE: Shares of Uniparts India made a negative stock market debut on Monday, December 12. Anil Singhvi suggested ...
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Uniparts India Share Price: Uniparts India made a muted debut on Monday, December 12, listing at Rs 575 on BSE.
Among the company’s key products include the 3PL, which is a system that consists of different assemblies attached to an agricultural tractor. The issue comprised only offer for sale (OFS). The stake of both investor selling shareholders will be nil post issue. The engineered systems and solution provider debuted at a discount of 0.35 per cent per cent at Rs 575x as against the given issue price on the National Stock Exchange (NSE). An Offer for Sale (OFS) means that the company will not receive any proceeds from the sale of shares. The entire issue was an Offer for Sale (OFS), where Ashoka Investment Holdings and Ambadevi Mauritius Holdings were to sell their stake.
Shares of Uniparts India listed at ₹575 against the allotment price of ₹577 per share.The grey market expected a ₹40 premium per share on listing.
₹63 crore ₹907 crore ₹93 crore ₹903 crore ₹167 crore ₹1,227 crore Uniparts India manufactures critical products and components for the off-highway vehicles (OHV) industry. This year, 33 IPOs made their stock market debut on the BSE mainboard. Overall, the IPO was subscribed 25.32 times. This is lower than the grey market expectation of ₹40 premium per share. AdvertisementAfter listing at a ₹2 discount to its issue price, shares of Uniparts India went further down by 4.5% at around 2 pm, on Monday. Advertisement
The stock concluded debut trading near the day's low of Rs 536.5 and Rs 536.15 apiece on the NSE and BSE, respectively. Get more Markets News and Business ...
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Post listing, the stock of industrial products company slipped to Rs 538, a 7 per cent discount to its issue price on the NSE.
The issue is reasonably valued given the healthy financials, ICICI Securities said in its IPO note. Its efforts to move up the value chain have led to strong earnings delivery and expanded the addressable market and customer base, Motilal Oswal Financial Services said. It also serves some of the largest global companies and has long-term relationships with key global customers, including major original equipment manufacturers. Most of the brokerage houses had ‘Subscribe’ rating on IPO as it was priced reasonably given its robust financials. The company is a concept-to-supply player for precision products for off-highway vehicles (OHVs), with presence across the value chain. Uniparts India is a global manufacturer of engineered systems and solutions for precision products for off-highway vehicles in the agriculture and construction, forestry and mining sectors with a presence in over 25 countries.
However, the weakness in the broader market spilled on the shares of Unipart India too and the counter saw some more selloff post listing at Dalal Street.
[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). It also has a manufacturing, warehousing and distribution facility at Eldridge (US). [Uniparts India](/topic/uniparts-india)is a manufacturer of engineered systems and solutions. As for the risk factor, the issue was a complete offer for sale but the issue is attractively priced, lower than its listed peers." Ravi Singhal, CEO, GCL Securities said that as a result of market conditions, the stock is listed below the issue price. They suggest holding the stock for a long term play, with a few recommending accumulating the counter at lower levels.
Uniparts India shares debuted at Rs 575 on the bourses as compared to the issue price of Rs 577.
Uniparts India will not receive any capital from the [IPO](https://www.financialexpress.com/market/stocks-to-watch-uniparts-india-bharti-airtel-ntpc-yes-bank-vodafone-idea-idbi-bank-stocks-in-focus-on-12-december/2909284/). As for the risk factor, the issue is a complete offer for sale. [IPO](https://www.financialexpress.com/market/stocks-to-watch-uniparts-india-bharti-airtel-ntpc-yes-bank-vodafone-idea-idbi-bank-stocks-in-focus-on-12-december/2909284/) received substantial interest from investors as it was subscribed 25.32x overall, the price band was set between Rs 548-577. The shares debuted at Rs 575 on the bourses as compared to the issue price of Rs 577. The scrip touched a low of Rs 539 before recouping some losses to trade with a 3.2% discount at Rs 556. “The company’s muted listing debuted at Rs 575 over its issue price of Rs 577.