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Published on 25/11/2022 4:02:00 PM | Source: Dion Global Services Ltd.

Uniparts India announces launch of initial public offering

Posted in IPO Analysis| #IPO #Uniparts India Ltd

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Uniparts India Ltd. has announced public offering of 14481942 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 567.00 per share. The gross proceeds of the issue are expected to be Rs 83,560.81 lakhs. The company's initial public offer (IPO) will open on 30 November 2022 and is expected to close on 02 December 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 548.00-577.00 per share.

The IPO includes a fresh Issue of 14481942 Equity Shares of the Company at an price of Rs 577.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 25 shares with bids in multiples of 25. Uniparts India Ltd. anticipates using the proceeds of the issue for . JM Financial Ltd.,DAM Capital Advisors Limited,Axis Capital Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.