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UNIPARTS INDIA LIMITED FILES DRHP WITH SEBI

UNIPARTS INDIA LIMITED FILES DRHP WITH SEBI

Uniparts India Limited is a global manufacturer of engineered systems and solutions and are one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining (“CFM”) and aftermarket sectors on account of its presence across over 25 countries. It has a leading presence in the manufacture of 3PL and PMP products globally on account of us serving some of the largest global companies (Source: CRISIL Report).

 

Uniparts India Limited has filed DRHP with SEBI for the IPO.  Company, through initial public offering plans to raise funds through offer for sale up to 15,731,942 Equity Shares of equity share face value Rs. 10 each shares by Promoter Group Selling Shareholders, Investor Selling Shareholders and Individual Selling Shareholders

 

Over the years, company has evolved from a component supplier to a provider of complete assemblies of precision engineered products and end-to-end solutions ranging from product conceptualization, design, prototyping, testing, development and assembly to customized packaging and delivery, becoming an integral part of certain of our customers’ global supply chains.

 

The company operates six strategically located manufacturing facilities spread across India and the United States. As on December 31, 2021, its aggregate installed capacity across these manufacturing facilities was 66,940 metric tonne per annum. Its dual-shore capabilities, which is our ability to undertake manufacturing products at different locations, allow us to service customer requirements from alternate locations, providing customers the benefit of regular supply and cost-competitive manufacturing operations.

 

It is a concept-to-supply player for precision products for off-highway vehicles (“OHVs”) with presence across the value chain. Its product portfolio includes core product verticals of 3-point linkage systems (“3PL”) and precision machined parts (“PMP”) as well as adjacent product verticals of power take off (“PTO”), fabrications and hydraulic cylinders or components thereof. It also caters to the aftermarket segment especially for 3PL product range.

 

Most of its products are structural and load bearing parts of the equipment and are subject to strict tolerances, specifications and process controls. It has an estimated 14.45% market share of the global 3PL market in Fiscal 2021 in terms of value and an estimated 5.87% market share in the global PMP market in the CFM sector in Fiscal 2021 in terms of value.

 

As of December 31, 2021, company has a global footprint and served customers across countries in North and South America, Europe, Asia and Australia, including India. Its customer base comprised over 80 customers in over 25 countries globally. With reference to aftermarket segment (3PL product range), it provides replacements of 3PL parts to organized aftermarket retailers and distributors in North America, Europe, South Africa and Australia.

It serves global OEM players in the agriculture and CFM sectors, such as Tractors and Farm Equipment Limited (“TAFE”), Doosan Bobcat North America (“Bobcat”), Claas Agricultural Machinery Private Limited (“Claas Tractors”), Yanmar Global Expert Co., Ltd (“Yanmar”) and LS Mtron Limited. We service several organized aftermarket players and large farm and fleet retail store chains in Europe and the US, such as Kramp Groep B.V. (“Kramp”) and Tractor Supply Company (“TSC”). More recently, it has added TSC and Kobelco Construction Equipment India Private Limited (“Kobleco”) as our customers.

 

Axis Capital Limited, DAM Capital Advisors Limited & JM Financial Limited are the Book Running Lead Managers to the IPO.

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