New Delhi, Dec 12 (PTI) Shares of engineering systems and solutions provider Uniparts India made a tepid market debut on Monday.

The company's shares debuted at Rs 575 -- 0.34 per cent lower than the issue price of Rs 577 on the BSE. It later fell 6.58 per cent to Rs 539.

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At the NSE, it started the trade at Rs 575.

Its market valuation was at Rs 2,542.38 crore on the BSE.

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The Initial Public Offer (IPO) of Uniparts India was subscribed 25.32 times earlier this month.

The IPO of up to 1,44,81,942 equity shares had a price range of Rs 548-577 per unit.

Uniparts India is a global manufacturer of engineered systems and solutions.

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