Uma Exports’ initial public offering (IPO) to raise up to Rs 60 crore went public on Monday. The IPO, which is an all-new equity offering, is open for subscription until Wednesday, March 30th. Uma Exports is a trader and marketer of agricultural products and commodities.
Here’s everything you need to know about the Uma Exports IPO:
issue price
Potential investors can bid on Uma Exports shares in the IPO at a price range of Rs 65-68.
batch size
Shares may be bid in multiples of 220. One lot will cost investors Rs 14,300-14,960.
objective
The company intends to use the proceeds from the IPO for aIncrease in working capital requirements and for ggeneral corporate purposes, according to its draft red hering prospectus (DRHP).
listing
Sapphire Foods shares will be listed on the BSE and NSE stock exchanges on April 7th.
investor categories
Half of the total shares available for bidding in 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 markets, trades and distributes agricultural products such as rice, wheat, sugar, spices, dried red chili, coriander, turmeric, cumin, edible grains and legumes. It imports products such as lentils, field beans, urad dal and tur dal. The company supplies products in bulk to manufacturers and exporters.
Comments are closed.