- Price Band fixed at ₹548 to ₹ 577 per Equity Share of face value of ₹10 each of Uniparts India Limited
- Offer will close on Friday, December 02, 2022
- Bids can be made for a minimum of 25 Equity Shares and in multiples of 25Equity Shares thereafter
Ahmedabad, November29, 2022: Uniparts India Limited (“UIL” or the “Company”), proposes to open on Wednesday, November 30, 2022, an initial public offering of up to 14,481,942 Equity Shares face value of ₹ 10 each (“Equity Shares”)comprising 1,100,000 equity shares by The Karan Soni 2018 CG-NGNevada Trust; 1,100,000 equity shares by The Meher Soni 2018 CG-NGNevada Trust and 2,200,000 equity shares by Pamela Soni (collectively the “Promoter Group Selling Shareholders”); 7,180,642 equity shares by Ashoka Investment Holdings Limited (“Ashoka”) and 2,154,192 equity shares by AmbadeviMauritius Holding Limited (“Ambadevi”) ( “Ashoka” And “Ambadevi” are together referred to as the “investor Selling Shareholders”) and 177,378 equity shares by AndrewWarren Code; 177,378 equity shares by JamesNormanHellene; 177,378 equity shares by KevinJohn Code; 57,420 equity shares by DennisFrancisDedecker; 41,730 equity shares by MelvinKeithGibbs; 24,706 equity shares by WalterJamesGruber; 21,556 equity shares by WendyReichardHammen; 20,870 equity shares by Mark Louis Dawson; 16,366 equity shares by BradleyLorenzMiller; 10,440 equity shares by MaryLouiseArp; 8,340 equity shares by DianaLynnCraig; 7,710 equity shares by Marc ChristopherDorau; 5,010 equity shares by CraigA.Johnson; and 826 equity shares by Misty MarieGarcia (together, the “Individual Selling Shareholders”, and together With the Promoter Group Selling Shareholders and the Investor Selling Shareholders are collectively, the “Selling shareholders”) (the “Offer For Sale” or the “Offer”). The offer will constitute 32.09% of the post-offer paid-up equity share capital. The Offer will close on Friday, December 02, 2022.
The Price Band of the Offer has been fixed at ₹548 to ₹577 per Equity Share. Bids can be made for a minimum of 25 Equity Shares and in multiples of 25 Equity Shares thereafter.
The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified InstitutionalBuyers (“QIBs”) (the “QIB Portion”), provided that the Company and the Investor Selling Shareholders in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors and the basis of such allocation will be on a discretionary basis by the Company and the Investor Selling Shareholders, in consultation with the BRLMs, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”).Further, 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received
at or above the Offer Price, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors (“Non-Institutional Category”) of which one-third of the Non-Institutional Category shall be available for allocation to Bidders with an application size of more than ₹ 200,000 and up to ₹ 1,000,000 and two-third of the Non-Institutional Category shall be available for allocation to Bidders with an application size of more than ₹ 1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Category may be allocated to Bidders in the other sub-category of Non-Institutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further, not less than 35% of the Offer shall be available for allocation to Retail Individual Investors (“Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.
All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process, and shall provide details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter)) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the Sponsor Bank(s), as the case may be. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.
The Equity Shares are being offered through the red herring prospectus of the Company dated November 22, 2022 filed with Registrar of Companies, Delhi and Haryana at Delhi(the “RHP”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).
Axis Capital Limited, DAM Capital Advisors Limited&JM Financial Limited are the Book Running Lead Managers to the Offer.
All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.
Notes to the Editor:
Uniparts India Limited(the “Company”) is a global manufacturer of engineered systems and solutions and are one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining (“CFM”) and aftermarket sectors on account of its presence across over 25 countries (Source: CRISIL Report). The Company is a concept-to-supply player for precision products for off-highway vehicles with presence across the value chain. The product portfolio of the Company 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, fabrications and hydraulic cylinders or components thereof. The Company has a leading presence in the manufacture of 3PL and PMP products globally on account of it serving some of the largest global companies (Source: CRISIL Report). Most of the Company’s products are structural and load bearing parts of the equipment and are subject to strict tolerances, specifications and process controls. A series of precision engineering process steps converge in to manufacturing of these products.
As of June 30, 2022, the Company has a global footprint and served customers across countries in North and South America, Europe, Asia and Australia, including India. In Fiscal 2022, the customer base of the Company comprised over 125 customers in over 25 countries globally.
UNIPARTS INDIA LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (“Offer”) and has filed a Red Herring Prospectus (“RHP”) with the Registrar of Companies, Delhi & Haryana at Delhi (“RoC”). The RHP is available on the website of the SEBI at www.sebi.gov.in, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com and the respective websites of the Book Running Lead Managers to the Offer, Axis Capital Limited at www.axiscapital.co.in, DAM Capital Advisors Limited at www.damcapital.in and JM Financial Limited at www.jmfl.com. All potential investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the Prospectus which may be filed with the RoC in the future, including the section titled “Risk Factors” on page 27 of the RHP. Potential investors should not rely on the DRHP filed with the SEBI in making any investment decision.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements ofthe U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in offshore transactions in reliance on Regulation S and the applicable laws of each jurisdictions where such offers and sales are made. There will be no public offering of the Equity Shares in the United States.