Uniparts India files DRHP with SEBI for IPO
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Uniparts India has filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the initial share sale is entirely an Offer for Sale (OFS) of 15,731,942 equity shares by promoter group entities and existing investors.
Those offering shares in the OFS are promoter group entities -- The Karan Soni 2018 CG-NG Nevada Trust, The Meher Soni 2018 CG-NG Nevada Trust, Pamela Soni -- and investors -- Ashoka Investment Holdings and Ambadevi Mauritius Holding. Since the IPO would be entirely an OFS, the company will not receive any proceeds from the public issue. Axis Capital, DAM Capital Advisors and JM Financial are the book running lead managers to the issue.
Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and mining and aftermarket sectors on account of its presence in various countries.
