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Uma Exports Limited IPO – Details
Uma Exports Limited has fixed its date for IPO, and through this offering, it expects to raise a fund of Rs. 60 crores. This public issue will comprise only a fresh issue of equity shares. Moreover, the division among RII (Retail Individual Investors), QIB (Qualified Institutional Buyers), and NII (Non-Institutional Investors) extends to 35%, 50% and 15%, respectively. Other details about the IPO are in the following table:
Issue Type
Book-Built
Listing at
Price Band
₹65 to ₹68
per equity share
Face Value
₹10
per equity share
Market Lot
220 shares
Minimum Order Quantity
220 shares
Uma Exports Limited IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opens on | 28 March 2022 |
| IPO Closes on | 30 March 2022 |
| Basis Of Allotment Publication Date | 4 April 2022 |
| Initiation Of Refunds | 5 April 2022 |
| Credit Of Shares To Demat Account | 5 April 2022 |
| IPO Listing Date | 7 April 2022 |
About Uma Exports Limited
Founded in 1988, Uma Exports Limited trades and markets agricultural products like wheat, rice, coriander, sugar, spices, cumin seeds, pulses, food grains and others. The company carries a B2B business and has built its headquarters in Mumbai, India. In addition, the company also imports products like tur dal, lentils, faba beans, and black urad dal in huge stock from Burma, Canada and Australia.
Even the company has expanded its supply reach to international borders, like exporting products to Sri Lanka, Malaysia, and Bangladesh.
Uma Exports Limited IPO Objectives
It has two main objectives to fulfil through Uma Exports Limited IPO:
1. Growing and providing working capital needs
2. Usual corporate purposes
Why Should I Invest in Uma Exports Limited IPO?
There are a few reasons why investors find it lucrative to invest in Uma Exports Limited IPO. They include:
- Witnessing the change in demands and the fluctuating pricing strategy in different seasons, the company has taken the initiative to introduce exports and import services for the expansion. As a result, it has made sure the company does not face a lean year in its business cycle.
- The company has also taken initiatives to form an overseas presence. For this purpose, it has gained 100% shareholding of UEL International FZE in UAE. It deals in sugar, textile and spices trading.
- It holds a good reputation in the market, and even though there is tough competition in its field, it still receives repeat orders from prominent clients.
- The company has also successfully planned to set up a procurement office in Australia by establishing a wholly-owned subsidiary. This will help them save costs adding to import duties, freight and others.
- Uma Exports Limited has also shown great performance over the last three financial years by making its way into the top line and thus looks like an attractive option.
Financial highlights
According to the details mentioned in the DRHP submitted to the market regulator SEBI (Securities and Exchange Board of India), the financial highlight of Uma Exports Limited over the last two years are as follows:
| Financial Year | Total Assets in Lakhs | Total Revenue in Lakhs | Profit After Tax in Lakhs |
|---|---|---|---|
| FY 2021 | Rs. 18,858.57 | Rs. 75,202.64 | Rs. 1,218.47 |
| FY 2020 | Rs. 21,859.16 | Rs. 81,030.84 | Rs. 832.98 |
| FY 2019 | Rs. 10,376.89 | Rs. 32,937.02 | Rs. 288.66 |
UMA Exports IPO Latest News and Subscription Status Today [Live]
- This IPO has been subscribed 5.05x by 10:40 AM. on Day 3
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 1.02x
- (NII) Non-institutional buyers: 1.12x
- (RII) Retail Individual buyers: 6.82x
At 12:30:00 PM.
- This IPO has been subscribed 5.64x by 12:30 PM. on Day 3
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 1.02x
- (NII) Non-institutional buyers: 1.22x
- (RII) Retail Individual buyers: 7.64x
At 1:20:00 PM.
- This IPO has been subscribed 5.91x by 1:20 PM. on Day 3
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 1.02x
- (NII) Non-institutional buyers: 1.23x
- (RII) Retail Individual buyers: 8.03x
At 2:30:00 PM.
- This IPO has been subscribed 6.73x by 2:30 PM. on Day 3
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 2.81x
- (NII) Non-institutional buyers: 1.30x
- (RII) Retail Individual buyers: 9.13x
At 3:30:00 PM.
- This IPO has been subscribed 7.47x by 3:30 PM. on Day 3
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 2.81x
- (NII) Non-institutional buyers: 2.22x
- (RII) Retail Individual buyers: 9.81x
At 4:30:00 PM.
- This IPO has been subscribed 7.63x by 4:30 PM. on Day 3
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 2.81x
- (NII) Non-institutional buyers: 2.22x
- (RII) Retail Individual buyers: 10.04x
- This IPO has been subscribed 2.79x by 10:40 AM. on Day 2
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.47x
- (RII) Retail Individual buyers: 3.85x
At 11:30:00 AM.
- This IPO has been subscribed 3.06x by 11:30 AM. on Day 2
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.47x
- (RII) Retail Individual buyers: 4.23x
At 1:30:00 PM.
- This IPO has been subscribed 3.45x by 1:30 PM. on Day 2
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.74x
- (RII) Retail Individual buyers: 4.69x
At 2:10:00 PM.
- This IPO has been subscribed 3.45x by 2:10 PM. on Day 2
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.74x
- (RII) Retail Individual buyers: 4.69x
At 3:10:00 PM.
- This IPO has been subscribed 3.85x by 3:10 PM. on Day 2
- It is a public issue of 92,30,769 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.00x
- (NII) Non-institutional buyers: 0.88x
- (RII) Retail Individual buyers: 5.19x
At 4:10:00 PM.
- This IPO has been subscribed 4.09x by 4:10 PM. on Day 2
- It is a public issue of 92,30,769 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.00x
- (NII) Non-institutional buyers: 0.94x
- (RII) Retail Individual buyers: 5.51x
At 5:10:00 PM.
- This IPO has been subscribed 4.17x by 5:10 PM. on Day 2
- It is a public issue of 92,30,769 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.00x
- (NII) Non-institutional buyers: 0.94x
- (RII) Retail Individual buyers: 5.62x
- This IPO has been subscribed 0.36x by 10:30 AM. on Day 1
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 0.39x
At 12:30:00 PM.- This IPO has been subscribed 1.27x by 12:30 PM. on Day 1
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.07x
- (RII) Retail Individual buyers: 1.81x
At 1:20:00 PM.- This IPO has been subscribed 1.37x by 1:20 PM. on Day 1
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.19x
- (RII) Retail Individual buyers: 1.91x
At 2:10:00 PM.- This IPO has been subscribed 1.60x by 2:10 PM. on Day 1
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.32x
- (RII) Retail Individual buyers: 2.19x
At 3:20:00 PM.- This IPO has been subscribed 1.88x by 3:20 PM. on Day 1
- It is a public issue of 92,30,769 equity shares.
Status of Subscription- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.46x
- (RII) Retail Individual buyers: 2.53x
At 5:00:00 PM.
- This IPO has been subscribed 2.13x by 5:00 PM. on Day 1
- It is a public issue of 92,30,769 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.46x
- (RII) Retail Individual buyers: 2.90x
How to Apply for Uma Exports Limited IPO?
There are not one but two ways through which you can apply for Uma Exports Limited IPO. They are explained in brief below:
The first and the easiest way of participating in Uma Exports Limited IPO bidding is by opening a Demat account through the Angel One platform for free. The process is simple. First, you need to register your account on the platform and complete all sign-in formalities. Then by feeding in your ID details, you can directly bid in the company IPO at issue dates.
UPI
The second way is through your UPI ID. For this purpose, you must first link your ID with your bank account and connect it to the Angel One platform. When you complete this process, you are eligible to subscribe to Uma Exports Limited IPO.
Uma Exports Limited IPO - Noteworthy Highlights
The following are the noteworthy highlights for interested investors to consider:
- The company is a two-star export house and has received recognition from the Directorate General of Foreign Trade.
- It holds a registration certificate as an Exporter from the Spices Board of India.
- Uma Exports Limited started as a business dealing in construction material that had the most significant market base in Bangladesh.
- It has a registration certificate filed with the Federation of Indian Export Organisations and APEDA.
Uma Exports Limited IPO - SWOT Analysis
Strengths
- Has signs of profitability and growth in the company track record
- Better relationship with its clients and receive repetitive orders from them
- Strong grip on segments relating to agro commodities
- Has a management team with years of experience and skills in project management and implementation
Weaknesses
- The company includes some violations in provisions stated under the Companies Act 2013
- Until September 2021, Uma Exports Limited violated provisions covered under the Employees’ State Insurance Act 1948.
- It was also in violation of the provisions mentioned under the Foreign Exchange Management Act 1999. This was because it failed to report about its incorporation to the RBI.
- Regarding the company acquisition of UEL International FZE, the company also faced violations in the Foreign Exchange Management Act.
Opportunities
- Even if the Indian market goes through a lean period, the company will remain unaffected due to its export/import strategy.
- The quality product and authentic taste offered by them and the standard packing process will ensure the maintenance of the client’s interest.
- Due to its good market reputation and branding, it can expect to attract other prominent clients.
Threats
- It has lost a lot of money before and may also lose more in the future.
- As it carries export and import service with other countries, it is prone to risk from doing business internationally.
- Due to its inability to manage company inventories effectively, it might face a negative impact in the future.
- If the Indian government stopped providing export initiatives enjoyed by the company, it would greatly impact the company’s business.
Competitive Analysis: Market Peers
Uma Exports Limited is a large distributor of agricultural products. It contains one significant competitor in the market. Therefore, the peer comparison is in the below table:
| Company Name | Market capitalisation | Net Profit Margin |
| Sakuma Exports Limited | 290.85 | 0.83% |
UMA Exports IPO FAQs
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