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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

BSE and NSE

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

View all upcoming IPOs

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]

At 10:40:00 AM.

- 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

 

At 10:40:00 AM.

- 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

At 10:30:00 AM.

- 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:

Demat Account

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

Who are the promoters of Uma Exports Limited?

Sumitra Devi Khemuka and Rakesh Khemka are the two promoters of the company.

What is the maximum investment option in Uma Exports Limited IPO?

The maximum investment an investor can carry includes up to Rs. 1,94,480 for 13 lots.

What are the pre-issue shareholdings of Uma Exports Limited promoter?

The pre-issue shareholdings of Uma Exports Limited promoter extend up to 98.13%.

What is the estimated net profit after tax for six months of 2022?

According to the company financial statement, the net profit for the first six months of 2022 stands at Rs 8.97 crores.

What is the return on net worth as per Uma Exports Limited IPO valuation?

As per Uma Exports Limited IPO valuation, the return on net worth expects to be 17.67.

What is the set NAV for a single equity share of Uma Exports Limited?

The set Net Asset Value or NAV per equity shares is Rs. 27.83.

Who is the lead manager of Uma Exports Limited?

The lead manager of Uma Exports Limited is Corporate Capital Ventures Private Limited.

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