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Uma Exports IPO : Dates, Issue Price, GMP, Subscription, Share Analysis and Allotment

March 30, 2022 05:40 PM

Uma Exports IPO : Dates, Issue Price, GMP, Subscription, Share Analysis and Allotment
The three-day IPO will close on March 30. The company has set the fixed the price band at Rs65-Rs 68 per equity share.

Uma Exports IPO:  Uma Exports Ltd, engaged in the business of exporting building material like granite, marbles and marble chips, had filed its draft red herring prospectus (DRHP) in late July 2021 and SEBI has just given its observations and approval for the IPO in February 2022.

The initial public offer (IPO) of Uma Exports Ltd, one of the distinguished suppliers and exporters of a wide range of agricultural produce and commodities, opened on Monday, March 28. The three-day IPO will close on March 30. The company has set the fixed the price band at Rs65-Rs 68 per equity share.

Uma Exports IPO subscribed 4.16 times on the final day of bidding.

The public offer of Uma Exports, the agricultural produce and commodities trader, has consistently been garnering strong response from investors as it mopped up bids for 7.03 crore equity shares against IPO size of 92.30 lakh equity shares, getting oversubscribed by 7.67times on March 30, the final day of bidding.

Retail investors have put in bids 10.11 times the portion set aside for them, the allotted quota of non-institutional investors was booked 2.22 times and that of qualified institutional buyers 2.81 times.

Uma Exports IPO subscribed 4.16 times on the second day of bidding.

The initial public offering (IPO) of Uma Exports continues to get good response from retail investors by the afternoon of March 29, the second day of bidding.

The offer has received bids for 3.67 crore equity shares against an IPO size of 92.3 lakh shares, with the issue being subscribed 4.16 times.

Retail investors have subscribed 5.61 times the allotted quota, while the portion set aside for non-institutional investors was subscribed 0.94 percent and that of qualified institutional investors was fully booked.

Uma Exports IPO subscribed 3.6 times on the first day of bidding.

The initial public offering of agricultural produce and commodities exporter Uma Exports received good response especially from retail investors on the first day of bidding as the IPO was subscribed 2.14 times garnering bids for 1.92 crore equity shares against offer size of 92.30 lakh equity shares.

Retail investors bid 2.90 times the portion set aside for them, while the quota of non-institutional investors was subscribed 46 percent.

Qualified institutional buyers have not started bidding yet. Half of the offer is for QIBs, 35 percent for retail investors and the remaining 15 percent for non-institutional investors.

Also Read : Uma Exports IPO targeting Rs 60 crore fundraise to open on March 28

Uma Exports’ initial public offering (IPO) has shown good revenue growth over the previous three years. However, as a result of covid-19, there was a temporary decrease in income in 2021. In addition to agricultural products and commodities such as sugar, spices, and tea, Uma Exports also deals in agricultural feed such as soya bean meal and rice branded oiled cake, among other things.

Normally, the IPOs are approved by SEBI within a period of 2 to 3 months unless there are other queries or clarifications that the regulator has.

The IPO of Uma Exports Ltd will be a combination of a fresh issue and an offer for sale and the next steps in the IPO process will be commenced once the dates and the indicative IPO price band is finalized. However, for now it looks like it would only happen in the next fiscal year.

IPO Opening Date Mar 28, 2022
IPO Closing Date Mar 30, 2022
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹65 to ₹68 per equity share
Market Lot 220 Shares
Min Order Quantity 220 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹10
(aggregating up to ₹60.00 Cr)
Fresh Issue [.] Eq Shares of ₹10
(aggregating up to ₹60.00 Cr)
QIB Shares Offered 50% of the net offer
Retail Shares Offered 35% of the net offer
NII (HNI) Shares Offered 15% of the net offer

Here’s all you need to know about the Uma Exports IPO:

Issue price

Potential investors can bid for Uma Exports shares in a price band of Rs 65-68 under the IPO.

IPO Open Date Mar 28, 2022
IPO Close Date Mar 30, 2022
Basis of Allotment Date Apr 4, 2022
Initiation of Refunds Apr 5, 2022
Credit of Shares to Demat Account Apr 5, 2022
IPO Listing Date Apr 7, 2022

Objective

The company aims to use the proceeds from the IPO towards the augmentation of working capital requirements and for general corporate purposes, according to its draft red herring prospectus (DRHP).

Listing

Sapphire Foods shares will be listed on stock exchanges BSE and NSE on April 7.

Investor categories

Half of the total shares available for bidding under the IPO are reserved for qualified institutional buyers (QIBs), 35 percent for retail investors and 15 percent for non-institutional investors (NIIs).

Company profile

Uma Exports is into marketing, trading and distribution of agricultural products such as rice, wheat, sugar, spices, dry red chilli, coriander, turmeric, cumin seeds, food grains and pulses. It imports products such as lentils, faba beans, urad dal and tur dal. The company supplies products to manufacturers and exporters in bulk quantities.

UMA Exports Lot Size

The initial public offering (IPO) of Uma Exports is scheduled to begin trading on March 28, 2022. The business intends to raise Rs. Sixty crores via an initial public offering (IPO), including a new issuance of Rs. 50 crores. Uma Exports Limited specializes in the marketing and trading of agricultural products. They are importing things from other countries and reselling them in large numbers in the country.

Application Lots Shares Amount (Cut-off)
Minimum 1 220 ₹14,960
Maximum 13 2860 ₹194,480

They also sell the items to Malaysia, Sri Lanka, and Bangladesh, among other countries. After reporting sales of 810 crores in 2020, the firm recorded 752 crores in 2021. Initial public offerings (IPOs) are priced between 65 and 68 rupees per equity share. Initial public offerings (IPOs) for Uma Exports Inc. will be listed on the NSE and BSE.

Read More : Ruchi Soya IPO: Dates, Issue Price, GMP, Subscription, Share Analysis and Allotment

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