Each of Uniparts India Limited Rs. 10 per equity share having a face value of Rs. 548 to Rs. 577 price band-offer ends on Friday, December 2, 2022
Ahmedabad, Uniparts India Limited (“UIL” or the ‘Company’) on Wednesday, November 30, 2022, paid Rs. 10 each (“Equity Shares”) of a base price of 10 each (“Equity Shares”) proposes to open an initial public offering (IPO) of up to 14,481,942 equity shares, including 11,00,000 equity shares of The Karan Soni 2018 CG- NG Nevada Trust,
11,00,000 equity shares of The Maher Soni 2018 CG- NG Nevada Trust, 22,00,000 equity shares by Pamela Soni (collectively the “Promoter Group Selling Shareholders”), 71,80,642 equity shares by Ashoka Investment Holdings Limited (“Ashoka”) and 21,54,192 equity shares of Ambadevi Mauritius Holdings Limited (“Ambadevi”) (both together as “Ashoka” and “Ambadevi” shall be referred to as “Investors Selling Shareholders”).
and 1,77,378 equity shares of Andrew Warren Code, 1,77,378 equity shares of James Norman Hellen, 1,77,378 equity shares of Kevin John Code, 57,420 equity shares of Dennis Francis Dedeker, 41,730 equity shares of Melvin Keith Gibbs, 24,706 equity shares of Walter James Gruber.
21,556 equity shares by Wendy Richard Hamman, 20,870 equity shares by Mark Louis Dawson, 16,366 equity shares by Bradley Lorenz Miller, 10,440 equity shares by Mary Louise Earp, 8,340 equity shares by Diana Lynn Craig, 7,710 equity shares by Mark Christopher Dorau and 5,000 equity shares by John Craig. Includes 826 equity shares of Misty Mary Gracia.
(Together, the “Individual Selling Shareholders” and the Promoter Group Selling Shareholders and the Investor Selling Shareholders together the “Selling Shareholders”) (the “Offer for Sale” or the “Offer”). The post-offer paid-up equity share capital in the offer will be 32.09 per cent. Offer closes on Friday, December 2, 2022.
The offer price band per equity share is Rs. 548 to Rs. 577 has been determined. A minimum of 25 equity shares and thereafter in multiples of 25 shares may be bid.
The Offer is being made through a book building process in accordance with SEBI’s ICDR Rule 6 (1), whereby not more than 50 per cent of the Offer will be made available for proportionate allocation to Qualified Institutional Buyers (“QIBs”) (“QIB Shares”). Provided that the Investor Selling Shareholders with the advice of the Company and the BRLMs may allot up to 60 per cent of the QIB Portion to the Anchor Investors and such allotment shall be at the discretion of the Company and the Investor Selling Shareholders with the advice of the BRLMs in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”). One-third of these shares are reserved for domestic mutual funds, subject to their valid bids at or above the price at which they are allotted to Anchor Investors (“Anchor Investor Allocation Price”). Further, 5 per cent of the QIB Portion (excluding the Anchor Investor Portion) shall be made available for allotment on a pro rata basis only to Mutual Funds subject to receipt of valid bids at or above the Offer Price and the remaining shares of the QIB Portion to all Mutual Funds including QIB (excluding Anchor Investors). will be made available for allotment on a pro rata basis, subject to valid bids at or above the offer price. Further, not less than 15 per cent of the Offer Shares will be made available for allotment to Non-Institutional Investors (“Non-Institutional Category”), out of which one-third shares from the Non-Institutional Category will be Rs. Two lakh to Rs. For bidders with application size up to 10 lakhs and two-thirds shares from non-institutional category at Rs. Bidders with an application size of more than 10 lakhs will be made available for allotment and under-subscription in these two sub-categories of non-institutional category may be allotted to other sub-categories of non-institutional category as per SEBI ICDR regulations, subject to valid bids at or above the offer price. is Further, a maximum of 35 per cent of the offer will be made available for allotment to Retail Individual Investors (Retail Category) as per SEBI ICDR norms, subject to valid bids received from them at or above the offer price.
All Bidders (other than Anchor Investors) are required to participate compulsorily through Application Supported Buy Blocked Amount (“ASBA”) process only and provide relevant bank account details (including UPI ID) in case of UPI Bidders, including Self Certified Syndicate Banks (“ SCSBs”) or the bid amount will be blocked by the sponsoring bank or banks. Anchor Investors may not participate in the Anchor Investor Portion through the ASBA process.
The Equity Shares are being offered through Red Herring Prospectus (“RHP”) filed with the Registrar of Companies, Delhi and Haryana on November 22, 2022 at Delhi and listed on BSE Limited (“BSE”) and the National Stock Exchange of India. Ltd. (“NSE”) is proposed to be listed.
Axis Capital Limited, DAM Capital Advisors and JM Financial Limited are the book running lead managers of the offering.
All capitalized terms used but not defined herein shall have the meaning set forth in the RHP.
