Uma Exports initiated its business operations in 1988. The company primarily imports agro products from Canada, Burma and Australia. It does provide agro products for domestic use as well. Not only that, its products are exported into Bangladesh, Sri-Lanka, Malaysia etc. It trades majorly into agricultural commodities only.
IPO DETAILS
Uma Exports Limited IPO is set to launch on 28th March, 2022. The subscription timeline extends till 30th March, 2022. The size for the IPO is 60 Crore Rs.. No Shares are issued through Offer for Sale. Shares issued through Fresh Issue are worth Rs. 60 Crore. The lot size is 220 shares and the price range is 65 Rs. – 68 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is MAS Services Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 28th March, 2022 |
| CLOSING DATE FOR IPO | 30th March, 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 65 Rs. – 68 Rs. |
| LOT SIZE | 220 shares |
| MINIMUM ORDER QUANTITY | 220 shares |
| ISSUE SIZE | 60 Crore Rs. |
| OFFER FOR SALE | No shares for OFS |
| FRESH ISSUE | 60 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 7th April, 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 28th March, 2022 |
| CLOSING DATE FOR IPO | 30th March, 2022 |
| IPO ALLOTMENT DATE | 4th April, 2022 |
| REFUNDS | 5th April, 2022 |
| DEMAT A/C CREDITED ON | 5th April, 2022 |
| IPO LISTING DATE | 7th April, 2022 |
Uma Exports Limited IPO begins for subscription from 28th March, 2022. The IPO subscription would continue till 30th March, 2022. The allotment status for the shareholders who applied would come on 4th April, 2022. The refunds for the ones who did not get allotment would be initiated on 5th April, 2022. The DEMAT accounts of shareholders would be credited on 5th April 2022. The listing of the company would be accompanied on 7th April, 2022.
Lead Managers And Promoters
The promoter of the company is Sumitra Devi Khemuka and Rakesh Khemka.
The lead managers are :
- Corporate Capital Ventures Private Limited
The minimum lot size for the company is decided at 220 shares. This holding accounts to 14960 Rs.. The maximum lot size is decided at 2860 shares. This amounts to 194480 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 220 shares | 14960 Rs |
| Maximum | 2860 shares | 194480 Rs |
OBJECTIVES FOR THE IPO
- The funds can be utilised for General corporate purposes.
- The company would utilise the same for fulfilling the working capital requirements.
COMPANY FINANCIALS
| Particulars (in Lakh Rs.) | Sept. 2021 | 2020-21 | 2019-20 |
| ASSETS | 32448 | 19859 | 21859 |
| REVENUE | 52394 | 75202 | 81030 |
| NET PROFIT | 897 | 1218 | 830 |
Uma Exports has a great financial base. The company has a wide asset base. The assets have increased decently over years. However the jump in asset base is the maximum during the Financial Year. The assets have increased by more than 10000 Lakh Rs. The revenue generation is shocking for the company. From an asset base of oly 32440 Lakh Rs it generates a revenue of more than 52000 Lakh Rs. This is a big surprise. However the profit margins stay low for the company. The profits for the company is close to 2%. This can be a question in the mind of investors if they want a long term position in the company.
This figure makes one thing clear that the company needs to have a bulk business to get profitable at the end. The colony can be relied on this part as even during COVID crisis it managed to stay profitable with a decent amount. However it is also under the essential goods category so its business has no chance for shut down even in the worst times. Uma Exports also has a major part of its business transaction for only agro commodities. This sums up everything about the company’s business and profits. It needs to have quantifiable business and given the agricultural needs of India there are definitie chances for its further growth.
PROS
- Agro Commodities Trading is its forte.
- Well managed finances. The company’s revenue generation is shocking based on its asset base.
- Business presence in multiple countries.
CONS
- Highly competitive segment.
Uma Exports Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Uma Exports Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
