Uniparts India IPO: weak listing of Uniparts India’s stock in the stock market, stock fell up to 4 percent
IPO got great response
Explain that the Rs 836 crore IPO of Uniparts India, which provides engineering solutions, got better response from investors. The issue was subscribed more than 25 times. The gray market was giving positive signals with respect to Uniparts shares prior to the Uniparts share listing date. Shares of Uniparts India Limited (Uniparts India) were available in the gray market at a premium of ₹45 per equity share. Earlier it was at GMP of ₹40. The gray market remained bullish on the shares of Uniparts India and it remained around ₹60 to ₹40 in the past 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.The fall of the market also affected
The stock market is seeing a decline today i.e. on Monday. Its effect has also been seen on the stock of Uniparts India. Uniparts India’s share is listed today when there is heavy selling in the stock market. There is a decline in Sensex and Nifty. Pressure is being seen in every sector. Due to this also the listing of Uniparts India’s shares has been weak.
Multibagger Stocks 2022: These 5 stocks made investors rich this year, gave strong returns of more than 1000%loss to investors
Investors who have invested in Uniparts India stock have suffered losses on every share. Due to this investors are disappointed. Investors were expecting a strong listing. The stock was also seeing a boom in the gray market.
