Uniparts India IPO: Export-focused Uniparts may suit investors with high risk appetite

ET Intelligence Group: Uniparts India, a component supplier to global agriculture and construction equipment makers, plans to raise ₹836 crore through an offer for sale. After the initial public offering (IPO), the promoter group’s stake will reduce to 65.8% from 75.5%. The company is benefiting from expansion of vendor base by global clients and increasing infrastructure spending in the US. It, however, needs to sustain the double-digit