Uma exports IPO: Uma Exports, which trades in agricultural commodities, which opened on March 28, was subscribed 7.67 times and received a good response from all investor groups. Uma Exports will use the proceeds to increase working capital requirements. Founded in 1988, Uma Exports is engaged in trading and marketing agricultural products and commodities in India from Canada, Australia and Myanmar. It has expanded its operations in Malaysia, UAE, Sri Lanka and Bangladesh.
Uma Exports IPO: Subscription Status
The offer received bids for 7.08 crore shares against 0.92 crore shares that were tendered. At the initial public offering (IPO) of UMA Exports, bids were received for 7,08,34,280 shares against 92,30,769 shares offered. The issue was subscribed to 7.67 times. The retail investor category was subscribed for 10.11 times. The qualified institutional buyers (QIBs) category was subscribed to 2.81 times. The non-institutional investor category was subscribed to 2.22 times.
Uma Exports IPO: Assignment Date
The issuance of Rs 60 crore will complete the allotment of shares from the first public offering on April 4, after the issuance is successfully closed on March 30. Investors can check the status of their share allocation on the BSE website or the IPO Registrar’s website.
In the case of the BSE website, one should follow these steps:
a) Select ‘Equity’ in issue type and issue name ‘Uma Exports Limited’
b) Enter either ‘Application Number’ or ‘PAN Number’
c) Finally, check the box (I am not a robot) and click the ‘search’ button to know the application status
Assignment status can also be checked on the IPO Registrar’s website.
a) Select and enter ‘DP ID and Client ID’ OR ‘Application Number’ accordingly
b) And click on the ‘search’ button.
Unsuccessful investors will get their money back in their bank accounts and shares will be credited to successful investors’ demat accounts by April 5.
Uma exports IPO: listing date
Uma Exports shares will start trading on the BSE and NSE from April 7.
Uma exports IPO: GMP
Shares of Uma Exports have yet to make their gray market debut. Thus, Uma Exports IPO GMP (Grey Market Premium) is still not available even after the issuance bidding process has ended.
Uma Exports is engaged in the trading and marketing of agricultural products and raw materials. The products include such as sugar, spices such as dry red peppers, turmeric, coriander, cumin seeds, food grains such as rice, wheat, corn, sorghum and tea, pulses and agricultural feeds such as soy flour and rice bran deoiled cake.
The company mainly imports lentils, fava beans, black urad dal and tur dal from Canada, Australia and Burma. As a B2B Trader, the company is highly specialized in sugar and lentils. The company supplies its products to the manufacturers and exporters according to their demand in bulk quantities.
The company also exports products to Malaysia, Sri Lanka and Bangladesh, among others. The company currently exports its shipments from a number of Indian ports including Mundra, Jawaharlal Nehru Port Trust, Kandla, Chennai, Kakinaka and Visakhapatnam. The company reported net profit of Rs 8.97 crore and revenue of Rs 523.75 crore in the six months ended September 30, 2021.
Read all the latest news, breaking news and IPL 2022 Live Updates here.
