Uniparts India IPO
Uniparts India IPO — date, price band, lot size & details 2022
Uniparts India listed on 12 Dec 2022 at ₹575, 0.3% below the ₹577 issue price.
Uniparts India makes engineered systems and components for off-highway vehicles in agriculture, construction, forestry and mining, with a presence in over 25 countries. Its total income was Rs 1,231.04 crore in FY2022.
Stock price
Uniparts India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 30 Nov 2022
- Close 02 Dec 2022
- Allotment 07 Dec 2022
- Refund/credit 08 Dec 2022
- Listing 12 Dec 2022
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Nov to 2 Dec, 2022 |
|---|---|
| Price Band | ₹548 – ₹577 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹835.61 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,425 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 25 shares at the ₹577 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹14,425 |
| Retail (max) | 13 | 325 | ₹1,87,525 |
| S-HNI (min) | 14 | 350 | ₹2,01,950 |
| S-HNI (max) | 69 | 1,725 | ₹9,95,325 |
| B-HNI (min) | 70 | 1,750 | ₹10,09,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 62.64 crore in FY2020 to Rs 166.89 crore in FY2022.
- 02Total income rose from Rs 947.69 crore in FY2021 to Rs 1,231.04 crore in FY2022.
- 03The pre-issue P/E was 15.6 at the upper band of Rs 577, based on EPS of Rs 36.98.
- 04Total borrowing fell from Rs 256.50 crore on 31 March 2020 to Rs 114.66 crore on 30 June 2022.
- 05It had an estimated 16.68% share of the global 3PL market in Fiscal 2022.
Risks · 5
- 01The whole Rs 835.61 crore issue was offer for sale, so no money went to the company.
- 02Demand follows global farm and construction equipment cycles, and the business serves over 25 countries, which adds currency risk.
- 03Sales depend on a small set of large global equipment makers, and the source puts the PAT margin at 13.60%.
- 04Total income fell from Rs 938.84 crore in FY2020 before recovering, so growth has been uneven.
- 05Promoters and the promoter group held 75.54% before the issue and 65.79% after it, as three promoter group members sold shares in the offer.
Three years of numbers
All figures in ₹ crore, as reported in the Uniparts India offer document.
| Metric | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 1,063.51 | 1,031.18 | 893.27 | 898.75 |
| Total Income | 347.76 | 1,231.04 | 947.69 | 938.84 |
| Profit After Tax | 50.52 | 166.89 | 93.15 | 62.64 |
| NET Worth | 713.93 | 685.24 | 560.14 | 464.17 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | |
| Total Borrowing | 114.66 | 127.27 | 127.78 | 256.50 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Uniparts India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Uniparts India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹36.98 | ₹44.77 |
| P/E Ratio (x) | 15.60 | 12.89 |
| Market Cap at Offer Price (₹ Cr) | ₹788.27 | ₹651.11 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹577 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Uniparts India IPO will be updated shortly.
About the company
Its core products are 3-point linkage systems (3PL) and precision machined parts (PMP), with power take-off, fabrications and hydraulic cylinders as adjacent lines. It had an estimated 16.68% share of the global 3PL market and 5.92% of the global PMP market in the CFM sector in Fiscal 2022.
It has five plants in India, two at Ludhiana, one at Visakhapatnam and two at Noida. It also has a manufacturing, warehousing and distribution facility at Eldridge, Iowa, and a warehouse at Augusta, Georgia, in the US.
The IPO was Rs 835.61 crore and was entirely an offer for sale by promoter group members, investors and individual shareholders, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Uniparts India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Dam Capital Advisors Ltd
44 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Uniparts India?
The current Grey Market Premium is ₹50, or 9% over the issue price.
What is the Uniparts India IPO price band?
₹548 to ₹577, on a face value of ₹10.
When is the allotment?
The basis of allotment is 7 December 2022, with listing on 12 December 2022.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
