Uniparts India Limited IPO Details


The 835.61 crore rupee Uniparts India initial public offering (IPO) begins on November 30 and ends on December 2. The entire offering consists of 14,481,942 crore equity shares offered for sale (OFS) by entities in the promoter group and existing investors. The fixed price range is Rs. 548 to Rs. 577 per share, with a lot size of 25 shares. The shares will be alloted on December 7, and the listing date is set for December 12.

Founded in 1994, Uniparts India Limited is a producer of engineered systems and solutions. With a presence in more than 25 countries, the company is one of the top suppliers of systems and components for the off-highway industry in the agriculture, construction, forestry, and mining (“CFM”) and aftermarket sectors.

The company’s product portfolio consists of the primary product verticals of 3-point linkage systems (3PL) and precision machined parts (PMP), as well as the adjacent product verticals of power take-off (PTO), fabrications, and hydraulic cylinders or components. With a presence throughout the value chain, Uniparts is a concept-to-supply player for precision components for off-highway vehicles (“OHVs”).

Five manufacturing sites for the company are located in India: two in Ludhiana, Punjab, one in Visakhapatnam, Andhra Pradesh, and two in Noida, Uttar Pradesh. As part of the 2005 acquisition of Olsen Engineering LLC, now known as Uniparts Olsen Inc. (“UOI”), Uniparts also acquired a manufacturing, warehousing, and distribution plant in Eldridge, Iowa, as well as a warehousing and distribution site in Augusta, Georgia.

UIL provides fully integrated engineering solutions, from product conception and development to validation, implementation, and manufacture. During the conceptualization stage, market research is collected, customer needs are evaluated, and a tailored marketing plan is created for each client. Product designing, material sourcing, and processing are all part of the development phase. By providing aftermarket segment customers with service, its products gain indirect access to a substantial network of retail locations across several areas for aftermarket components. The “will-fit” parts section of the aftermarket industry, which is distributed to distributors and retail chain stores, is the main focus.

 Registered Office:                                                                                                                                                                                                                                                              Gripwel House Block – 5  Sector C 6 & 7 Vasant Kunj  New Delhi 110 070, India Tel: +91 11 2613 7979

 Corporate Office:                                                                                                                                                                                                                                                                       1st Floor, B208  A1 & A2, Phase-II  Noida 201 305  Uttar Pradesh, India                                                                                                                       Tel: +91 120 458 1400 E-mail: [email protected]                                                                                                             Website: www.unipartsgroup.com 

Uniparts India Limited IPODetails
Price Band₹ 548 to ₹ 577 per share
Face Value₹ 10 per share
Issue Size835.61 Crs
Opening Date30 Nov 2022
Closing Date02 Dec 2022
Credit to Demat09 Dec 2022
Initiation of Funds08 Dec 2022
Allotment07 Dec 2022
Listing Date 12 Dec 2022
Pre Issue Share Holding75.54%
Post Issue Share Holding65.79%
1 lot25 Shares
Retail Quota35%
QIB Quota50%
NII Quota15%
Retail (Min)1 Lot
Retail (Max)13 Lots
S-HNI (Min)14 Lots
B-HNI (Min)70 Lots
PromotersGurdeep Soni
Paramjit Singh Soni
Draft Red Herring ProspectusDRHP
Red Herring ProspectusRHP
Grey Market PremiumClick Here
Allotment StatusCheck Here

The Uniparts India Limited IPO’s bid period is from November 30, 2022, at 10:00 A.M., to December 02, 2022, at 5:00 P.M. UPI Mandate confirmation must be received by 5 PM on the day the issue closes.

EBITDA & PAT (in Crs)

EBITDA– Earnings Before Interest Tax Depreciation & Amortization              PAT – Profit After Tax

Total Assets, Share Capital and Borrowings (in Crs)

Revenue Growth (in Crs)

Peer Comparison

ParticularsUniparts India LimitedBalkrishna Industries LimitedBharat Forge LimitedRamkrishna Forgings Limited
Face Value10222
Basic EPS28.2872.5820.7815.16
(taking 577 as the listing price)
Revenue from Operations
(in ₹ Crs)
EBITDA Margin (%)22.1329.5022.5922.34
PAT Margin (%)13.6017.3010.308.53
Net Debt to EBITDA Ratio0.420.731.292.90


If we analyse the financial parameters of Uniparts India Limited, then it can be clearly seen that the firm is on the growth path with both EBITDA and PAT increasing on year to year basis. Total assets of the company are increasing and its borrowings are continuously deccreasing on YOY basis. This firm’s revenue growth is tremendous from past 3 years though revenue decreased in 2020.

Taking the basic EPS as 28.28 as per RHP till March 2022, PE ratio comes around 20.40 which is lesser than most of its peer PE Ratio and depicts the IPO is reasonably priced.

RoNW of 19.97% is also good. EBITDA margin of 22.13% as per RHP, is at par to its peer companies. Pat Margin of 13.60 is second highest among its peer companies. This firm has strong fundamentals which can be confirmed by checking the revenue from operations which is also steadily increasing on YOY basis. If we check the RoCE of this IPO firm then it is highest among its peer companies that simply means it is able to generate better returns on the capital employed than its peer companies.

Most important parameter which is mentioned in RHP is Net debt to Earnings ratio of 0.42. Uniparts India Limited has best Net debt to earnings ratio among its peers and it means that the borrowings can be covered from the earnings with good profit margin.

So, overall as the markets are in bullish mode with Nifty above 18400 levels and the high grey market premium indicates that it might gets listed with a 20-25% gain. The fundamentals of this firm are quite strong and it can be a medium to long term holding as well.

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