Uniparts India Limited – Initial Public Offer to open on November 30, 2022

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Uniparts India Limited - Initial Public Offer to open on November 30
Uniparts India Limited - Initial Public Offer to open on November 30

India, November 25, 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-NG Nevada Trust;  1,100,000 equity shares by The Meher Soni 2018 CG-NG Nevada 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 Ambadevi Mauritius Holding Limited (“Ambadevi”) ( “Ashoka” And “Ambadevi” are together referred to as the “investor Selling Shareholders”) and 177,378 equity shares by Andrew Warren Code; 177,378 equity shares by James Norman Hellene; 177,378 equity shares by Kevin John Code; 57,420 equity shares by Dennis Francis Dedecker; 41,730 equity shares by Melvin Keith Gibbs; 24,706 equity shares by Walter James Gruber; 21,556 equity shares by Wendy Reichard Hammen; 20,870 equity shares by Mark Louis Dawson; 16,366 equity shares by Bradley Lorenz Miller; 10,440 equity shares by Mary Louise Arp; 8,340 equity shares by Diana Lynn Craig; 7,710 equity shares by Marc Christopher Dorau; 5,010 equity shares by Craig A. Johnson; and 826 equity shares by Misty Marie Garcia (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 Institutional Buyers (“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.

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