Uma Exports Limited IPO has been opened for application on 28th March 2022. The company wants to raise 60 Crores via this public offer. The company has been in operation since 1988 & is head quartered at Mumbai. They are basically into marketing & trading of food produce (rice-wheat-pulses-spices-food gains-sugar- other agricultural produces). Uma Export also imports food produce from overseas and distribute in home country. They also have export facility of food grains to select neighbouring countries. The company has floated this public issue to raise funds for expansion and day to day working capital needs.
The details of the IPO are as below:
- Issue size – Rs. 60/- Crores
- Issue period – Between 28th March to 30th March 2022.
- Price band – Rs. 65/- to Rs. 68/-
- Face value – Rs. 10/- per equity share
- Lot size for bidding – minimum 1 lot of 220 shares.
- Listing at exchanges – BSE & NSE
- Tentative allotment date – 4th April 2022
- Tentative refund date – 5th April 2022
- Tentative date for credit of allotted shares in DMAT – 5th April 2022
- Tentative IPO listing date – 7th April 2022
- Retail category on offer – 35% of total offer
- Non-Institutional category on offer – 15% of total offer
- Qualified Institutional Buyers (QIB) shares on offer – 50% of total offer
Disclaimer: Investment in equity markets involves high degree of risk, please read the IPO document carefully before investing.
