Uniparts India is what I like to call an "inconsequential" company. Sure, the profit-making company is doing pretty well, but it's a small player in the whole automobile manufacturing process cycle. At a time when I'm staying away from vehicle manufacturers like TaMo and Maruti due to various reasons (EV case being one), it's obvious that I should stay away from this. Pure OFS and falling GMP add to my worry.
But the markets are at ATH so this can give a buoyant listing. As someone who can take risk, I'd be willing to sail this ship but I'll aim for the coast on listing day. Applying for 1 retail lot. Thanks.
PS - Uniparts in many ways reminds me of SJS Enterprises which is languishing below IPO price since listing exactly last year this time.
Always in restraint of Mrs. Crow.