Uniparts India Share Price Listing NSE, BSE: Shares of Uniparts India on Monday, December 12, made a negative stock market debut. In the special pre-open session, Uniparts shares listed below the IPO issue price of Rs 577 apiece on BSE and NSE. On the both NSE and BSE, Uniparts shares settled at Rs 575 at a discount of 0.35 per cent. At 10:20 AM, the counter quoted Rs 558 apiece on NSE.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The shares of Uniparts India will be listed and admitted to dealings on BSE and NSE in the list of 'B' group of securities, according to information available on BSE website.

 

Uniparts India Share Stop Loss

 

Zee Business Managing Editor Anil Singhvi suggested short-term investors to protect their capital and exit. He, however, said that investors who wish take a chance could place a stop loss at Rs 560.

Uniparts India IPO was subscribed 25.32 times on the last day of subscription on Friday, December 2.

The category meant for Qualified Institutional Buyers (QIBs) was subscribed 67.14 times, while the quota for non-institutional investors got 17.86 times subscription and the portion for Retail Individual Investors (RIIs) 4.61 times. The IPO was entirely an Offer for Sale (OFS) of 14,481,942 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 Ltd and Ambadevi Mauritius Holding Ltd.

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 across over 25 countries.

This was the company's third attempt to go public. Earlier, Uniparts had filed its IPO papers with Sebi in December 2018 and in September 2014. It also obtained the regulator's clearance to launch the IPO on the two occasions but did not go ahead with the initial share sale.

Click Here For Latest Updates On Stock Market | Zee Business Live

Also read- Stocks to buy: Coal India, Kotak Mahindra Bank, M&M among shares by Sharekhan for 31% returns