Uniparts India Limited has come up with an initial public offer (IPO). It will open on November 30-December 02, 2022 at Rs.548-577 a share. The IPO issue size is around Rs.835.61 crores. The minimum bid will be for 25 shares and in its multiples thereafter.
Overview
Uniparts India Limited was incorporated in the year 1994. It is a global manufacturer of engineered systems and solutions. Also, it is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry, and mining (“CFM”). It is a concept-to-supply player for precision products for off-highway vehicles (“OHVs”) with a presence across the value chain.
The company’s 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 thereof. It has a leading presence in the manufacture of 3PL and PMP products globally serving some of the largest global companies. Most of the company’s products are structural and load-bearing parts of equipment and are subject to strict tolerances, specifications, and process controls.
Uniparts Ltd had an estimated 16.68% market share of the global 3PL market in Fiscal 2022 in terms of value and an estimated 5.92% market share in the global PMP market in the CFM sector in Fiscal 2022 in terms of value. The company also caters to the aftermarket segment, especially for 3PL product range. It provides replacements of 3PL parts to organized aftermarket retailers and distributors in North America, Europe, South Africa, and Australia.
The company offers fully integrated engineering solutions from conceptualization, development and validation to implementation and manufacturing of our products. It is focused on the ‘will-fit’ parts segment, sold to distributors and retail chain stores.
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