Uniparts India IPO: Uniparts India’s stock will be listed in the stock market tomorrow, know what the GMP is indicating – uniparts india’s stock will be listed in the stock market on december 12 2022 know details

New Delhi: The stock market of Uniparts India (Uniparts India IPO) will be listed on Monday i.e. December 12, 2022. The Rs 836 crore IPO of Uniparts India, which provides engineering solutions, received a good response from investors. The issue was subscribed more than 25 times. The gray market is giving positive signals regarding Uniparts shares ahead of Uniparts share listing date. Shares of Uniparts India Limited are available in the gray market today at a premium of ₹45 per equity share. Earlier it was at GMP of ₹40. The gray market remains bullish on Uniparts India shares and it has remained around ₹60 to ₹40 since last 5 days. Let us tell you that the IPO of Uniparts India was opened on 30 November. Investors had three days to invest in it. This IPO closed on 2 December.

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great listing expected
Investors expect it to be a good listing. Engineering solutions provider Uniparts India has set a price range of Rs 548-577 per share for its Rs 836 crore initial public offering (IPO). The IPO was based solely on an offer for sale (OFS) of 14,481,942 shares by promoter group entities and existing investors. The Company will not receive any proceeds from the Public Issue. Uniparts had earlier filed IPO opening documents with the Securities and Exchange Board of India (SEBI) in December 2018 and September 2014, for which it had also received approval, but did not come out with the IPO.

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what does the company do
Let us tell you that Uniparts India is a global manufacturer of engineering systems and solutions. The company has its presence in about 25 countries. The company is one of the largest suppliers of components and systems to the forestry, mining, aftermarket, agriculture and construction sectors. Investors are hopeful that Uniparts India shares will be able to give good returns in the times to come.