uniparts india ipo, this IPO craze among investors, 25 times subscribed on third day; Gray market also dominated – uniparts india ipo subscription status gmp, share allotment, listing date details check
gray market premium
Shares of Uniparts India are seen up more than 10 percent in the gray market. According to IPO Watch, Uniparts India’s gray market premium is Rs 60, which is 11 percent higher than its issue price. And the gray market premium of these IPOs may increase further, say experts. The shares of the company are expected to be listed on BSE and NSE on Monday, December 12, 2022 and the allotment of shares may take place on December 7.
What was the price band?
Uniparts India’s Rs 836 crore issue was open for investment from November 30 to December 1. A price band of Rs 548 to Rs 577 was fixed for the fully offered IPO for sale. Also the lot size of the IPO was 25 shares. The issue opened to anchor investors on November 29. 
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At what price will it be listed?
It is being speculated that Uniparts India’s IPO listing may go beyond Rs.600. Currently its gray market premium is Rs. 60 is According to this (577+60=637) Uniparts India can be listed at Rs.637 ie on the first day investors will get around Rs. You will get a profit of 37. But investors should not look to gray market premiums to form a firm opinion about any IPO, say experts.
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Raised so many crores from anchor investors
Uniparts India said it has raised Rs 251 crore from anchor investors. The company had decided to allot 43.44 lakh equity shares to anchor investors at a price of Rs 577 per share. Nomura, Morgan Stanley, BNP Paribas, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Invesco Mutual Fund, Mahindra Mutual Fund, Carnelian Capital, Bajaj Allianz Life Insurance Company and Bajaj Allianz Life Insurance Company are the anchor investors. Uniparts India is a global manufacturer of engineering systems and solutions with a business network spanning 25 countries.
