Engineered systems and solutions maker Uniparts India has fixed the price range for its IPO at Rs 548-577 per share. The IPO will open for bidding on November 30 and close on December 2. Issuers and investors will sell more than 1.44 crore shares.

The promoters Karan Soni 2018 CG-NG Nevada Trust, Meher Soni 2018 CG-NG Nevada Trust, Pamela Soni, Ashoka Investment Holdings and Ambadevi Mauritius Holding will issue shares in the IPO. The company will not receive any proceeds from the public offering.

Uniparts India is a global manufacturer of engineered systems and solutions and claims to be 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 segments as it operates across more than 25 countries.

According to PTI, Uniparts twice received approval to go public after filing IPO documents in December 2018 and September 2014 but chose not to.