Uma Exports Limited launched its IPO on 28 March 2022. It recorded a strong response in raising a fund of Rs. 60 crores through it. While the company will credit shares to accounts of successful investors within 5 April 2022, those unsuccessful in placing a bid will get their refunds as well.
Keep reading further to know about the Uma Exports Limited IPO share allotment status!
Details of Uma Exports Limited Share Allotment Status
The trader and distributor of agricultural commodities, Uma Exports Limited, is now ready to finalise its IPO share allotment after successfully closing its IPO. The date for Uma Exports Limited IPO allotment is 4 April 2022.
The subscription status of the shares of Uma Exports Limited in this IPO stands at 7.67 times as of 30 March 2022. Retail Individual Investors (RII) subscribed 10.11 times, while Qualified Institutional Buyers (QIB) subscribed 2.81 times. In addition, the company also received 2.22 times subscriptions from the Non-Institutional Investor (NII) category.
Uma Exports Limited will utilise the funds raised from this IPO to meet the working capital needs and for general corporate purposes.
A Quick Glance into the Company Operations
Uma Export Limited deals in the trading and distribution of agricultural commodities like wheat, rice, Spices, red chillies, sugar, dry red chillies, food grains, pulses, etc.
Apart from this, this company also imports goods in bulk quantities from Australia, Canada and Burma. It includes commodities like black urad dal, lentils, faba beans, and tur dal.
Follow Up on IPO Share Allotment
Investors have two options for checking Uma Exports Limited’s share allotment status, i.e., either through the IPO registrar’s site or via the official website of BSE. The processes are discussed below:
Checking Through the IPO registrar’s site
Investors have to follow these steps mentioned below to check Uma Exports allotment status through the site of the IPO registrar:
Step 1: Select the preferred option and fill up DR ID & Client ID/ application number in the column accordingly.
Step 2: Tap the search button.
Checking Through BSE’s Official Site
To check Uma Exports IPO allotment status via the official website of BSE, investors must follow the below-mentioned steps:
Step 1: First, they have to select equity issue type, and under issue name, type the company’s name.
Step 2: Next, investors must fill in the PAN number/ application number.
Step 3: Finally, tick the checkbox and tap the search button to know the allotment status.
The shares trading will start on 7 April 2022 on the BSE and the NSE.
Investors who have already subscribed became unsuccessful in bidding can expect a refund soon, while for those who were successful, the company will credit the purchased shares to their Demat accounts soon. Moreover, if an investor has not yet opened his or her Demat account, the Angel One platform offers an effortless process for it. So, one can visit the site to open one right away. Also, go through the above steps to keep track of the share allotment status of Uma Exports IPO.
Check our blogs section to find more such updates on the Uma Exports Limited IPO news.
Frequently Asked Questions
- What is the CAGR growth of Uma Exports Limited from 2019 to 2022?
Uma Exports Limited recorded a CAGR revenue growth of 51.10% from 2019 to 2022.
- What was the price band set for Uma Exports Limited IPO?
Uma Exports Limited set a price band ranging from Rs. 65 to Rs. 68 for each equity share in its initial public offering.
- What was the reservation percentage divided among the three investor categories of Uma Exports Limited IPO?
The reservation percentage allotted to Qualified Institutional Buyers, Retail Individual Investors and Non-Institutional Investors include 50%, 35% and 15%, respectively.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.