Uniparts India Fixes IPO (Public Offer) Price Band At Rs 548-577 Per Share
NDTV
Uniparts India: The three-day initial share sale will open for public subscription on November 30 and conclude on December 2.
Engineering systems and solutions provider Uniparts India today said it has set a price band of Rs 548-577 a share for its Rs 836-crore initial public offering (IPO).
The three-day initial share sale will open for public subscription on November 30 and conclude on December 2. The bidding for anchor investors will open on November 29, the company announced in a virtual press conference.
The IPO is entirely an Offer for Sale (OFS) of 14,481,942 equity shares by promoter group entities and existing investors.
Those offering shares in the OFS are promoter group entities -- The Karan Soni 2018 CG-NG Nevada Trust, The Meher Soni 2018 CG-NG Nevada Trust, Pamela Soni -- and investors -- Ashoka Investment Holdings Ltd and Ambadevi Mauritius Holding Ltd.
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The price hike, caused by the conflict, is the second in a week and the third since March 1.
File image of PM Modi chairing a Cabinet meeting.
Experts shared buy. sell and hold recommendations on NDTV Profit's 'Ask Profit' show.
