Listing of Uniparts India on stock market; Investors hit on the first day – uniparts india share price listing stock lists at marginal discount
A result of selling pressure in the market
Today, the stock market saw a huge selloff in the early hours. With the Sensex down nearly 500 points and the Nifty trading around 18,350, Uniparts India listed on the stock market. Shares of Uniparts India were also affected as pressure was seen in every sector of the market.
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Strategies for Investing in Shares
According to Santosh Meena, head of research at Swastika Investmart, the shares started trading at Rs 575. But the issue was well received by investors, both institutional and retail. The main business areas of the company are agriculture, construction, forestry and after market. The company’s business model is global with long-term relationships with key customers. The company’s revenue and profits are continuously increasing. Margins are also improving. Therefore, the financial condition of the company is seen to be good. If you continue to invest in shares after listing, keep your stop loss at 535.
what are you saying 5 shares available at half price only, buy or not, confusion among investors
How many times the IPO was paid
Uniparts India’s IPO was well received by investors. The IPO was paid 25.32 times. The IPO reserved 50 percent of the shares for qualified institutional buyers (QIB). This category was filled 67.14 times. 17.86 times the range reserved for 15 per cent NII while 35 per cent shares are reserved for retail investors. This category was filled 4.63 times.
What does the company do?
Uniparts India is a global manufacturer in the engineering sector. The company has presence in 25 countries worldwide. Uniparts is one of the leading suppliers of products for agriculture and construction, forestry and mining.
