Uniparts India IPO will open for subscription from- November 2022. the company aims for an issue size of – Cr through this IPO.
Uniparts India Limited
The company is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining (“CFM“), and aftermarket sectors with a presence across over 25 countries. Its product portfolio includes core product verticals of 3-point linkage systems (“3PL“) and precision machined parts (“PMP“) as well as adjacent product verticals of power take-off (“PTO”), fabrications, and hydraulic cylinders or components.
It offers fully integrated engineering solutions from conceptualization, development, and validation to implementation and manufacturing of its products. The conceptualization stage involves acquiring market intelligence, assessing customer requirements, and formulating a customized strategy for individual customers. The development phase includes product designing, material procurement, and processing. This is followed by the validation phase, which involves prototyping, testing, and feasibility analysis. Its in-house manufacturing and implementation competencies include forging, machining, fabrications, heat treatment, surface finish, logistics, quality and testing, design, and validation.
Uniparts has a global footprint and served customers across countries including India in North and South America, Europe, Asia, and Australia. The company has five manufacturing facilities in India, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. In the United States, it has a manufacturing, warehousing, and distribution facility at Eldridge, Iowa, acquired pursuant to its acquisition in 2005 of Olsen Engineering LLC, now known as Uniparts Olsen Inc. (“UOI”), and a warehousing and distribution facility at Augusta, Georgia. and also set up a warehousing and distribution facility in Hennef, Germany, which serves as its base for serving its European customers.
The company’s global business model is based on :
- The sales in regions outside India (“International Sales“).
- The sales from our dual shore manufacturing facilities in India and the United States, in their respective domestic markets (“Local Deliveries“).
- Export sales from Indian locations directly to overseas customers (“Direct Exports“).
- Sales from the warehousing facilities in their respective domestic markets (“Warehouse Sales“).
Basic details about the company
| Full name | Uniparts India Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Company Website | https://www.unipartsgroup.com/ |
Major competitive strengths
- One of the leading players in the segment.
- Strong product portfolio.
- Well-experienced management team.
Objects of the Issue
- To carry out an offer for sale of up to 15,731,942 Equity shares by selling shareholders.
- To achieve the benefits of listing in the stock exchange.
Dates to remember
| IPO Opening date | 30 November 2022 |
| IPO Closing | 02 December 2022 |
| Basis of Allotment | 07 December 2022 |
| Initiation Refund | 08 December 2022 |
| Credit to Demat Account | 09 December 2022 |
| Listing Date | 12 December 2022 |
Uniparts India IPO Details
| IPO Date | Nov 30, 2022 to Dec 2, 2022 |
| Face Value | ₹10 per share |
| Price | ₹548 to ₹577 per share |
| Lot Size | 25 Shares |
| Issue Size | 14,481,942 shares of ₹10 (aggregating up to ₹835.61 Cr) |
| Offer for Sale | 14,481,942 shares of ₹10 (aggregating up to ₹835.61 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Uniparts India IPO Lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,425 |
| Retail (Max) | 13 | 325 | ₹187,525 |
| S-HNI (Min) | 14 | 350 | ₹201,950 |
| B-HNI (Min) | 70 | 1,750 | ₹1,009,750 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Uniparts India’s Financial Performance
| FY 2019 | FY 2020 | FY 2021 | 9M FY 2022 | |
| Revenue | 1,060.6 | 907.2 | 903.1 | 880.9 |
| Expenses | 480.1 | 864.4 | 829.1 | 714.2 |
| Net income | 69.6 | 62.6 | 92.4 | 122.3 |
| Margin (%) | 6.6 | 6.9 | 10.2 | 13.9 |
Uniparts Valuations & Margins
| FY 2019 | FY 2020 | FY 2021 | 9M FY 2022 | |
| EPS | 15.42 | 13.88 | 20.47 | 27.11 |
| PE ratio | – | – | – | – |
| RONW (%) | 16.49 | 13.50 | 16.52 | 18.37 |
| NAV | 93.50 | 102.84 | 123.94 | 147.55 |
| ROCE (%) | 15.37 | 13.98 | 19.81 | 23.14 |
| EBITDA (%) | 13.19 | 14.09 | 18.15 | 22.86 |
| Debt/Equity | 0.78 | 0.52 | 0.21 | 0.19 |
Company Promoters
- Gurdeep Soni
- Paramjit Singh Soni
Uniparts India IPO Promoter Holding
| Pre Issue Share Holding | 75.54% |
| Post Issue Share Holding | 63.02% |
Lead Manager(s)
- Axis Bank Limited
- DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
- JM Financial Consultants Private Limited
Uniparts IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6000
Email: uniparts.ipo@linkintime.co.in
Website: www.linkintime.co.in
Uniparts Contact Details
UNIPARTS INDIA LIMITED
1st Floor, B2 08, A1&A2,
Phase-II, Noida 201305,
Uttar Pradesh, India
Phone: +91 120 458 1400
Email: compliance.officer@unipartsgroup.com
Website: www.unipartsgroup.com
Uniparts IPO Allotment Status
Uniparts IPO allotment will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Uniparts India IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
