Uniparts India IPO: Here's why analysts recommend subscribing to the issue

Uniparts India IPO: Brokerages say the issue is reasonably valued given the company's robust financial profile and leading global market position in its core products

Uniparts India’s initial public offer, which is entirely an offer-for-sale (OFS), has opened for subscription today and will close on Friday, December 2. 

The promoter group and other shareholders are jointly selling shares worth Rs 835 crore in the issue. This is reportedly the company’s third attempt to go public and it has raised Rs 251 crore from 21 anchor investors ahead of the issue. 

The firm is a global manufacturer of engineered systems and solutions for precision products for off-highway vehicles in the agriculture and construction, forestry and mining sectors with a presence in over 25 countries. It has 5 manufacturing