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Uravi T and Wedge Lamps IPO is a fixed price issue of Rs 15.00 crores.
Uravi T and Wedge Lamps IPO bidding started from March 16, 2018 and ended on March 20, 2018. The shares got listed on NSE SME on March 28, 2018.
Uravi T and Wedge Lamps IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Aryaman Financial Services Limited is the book running lead manager of the Uravi T and Wedge Lamps IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Uravi T and Wedge Lamps IPO RHP for detailed information.
| IPO Date | March 16, 2018 to March 20, 2018 |
| Listing Date | March 28, 2018 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,500,000 shares (aggregating up to ₹15.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,000,000 |
| Share holding post issue | 5,500,000 |
| Market Maker portion | 79,200 shares |
Uravi T and Wedge Lamps IPO offers 1,579,200 shares. 710,400 (44.98%) to NII, 710,400 (44.98%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 79,200 (5.02%) |
| Other Shares Offered | 710,400 (44.98%) |
| Retail Shares Offered | 710,400 (44.98%) | Other Shares Offered | 79,200 (5.02%) |
| Total Shares Offered | 1,579,200 (100%) |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in the year 2004, Uravi T and Wedge Lamps Limited, is a Mumbai based company engaged in manufacturing and distribution of lamps and lighting products with core focus on automotive lamps and instrument cluster lighting.
The company specializes in manufacturing and distributing Stop and Tail Lamps /Signal Lamps /Indicator Lamps and Wedge Lamps for Two-wheelers, Fourwheelers, Tractors and Industrial applications for various Indian automobile manufacturers. It is ISO/TS certified and hold certifications from the Automotive Research Association of India and E-mark for the products manufactured.
Uravi has recently entered into a co-operation agreement with a Philippines based company named Global Lighting Phils. Inc for developing LED lighting products vertical of our company. The LED lamps are manufactured by Global Lighting Phils. Inc. under the brand name “UVAL” and are imported, distributed and sold in India by the company.
The company began its operations with a rented manufacturing unit at Navi Mumbai in Maharashtra and subsequently purchased manufacturing units at Bhiwandi, Thane and shifted the manufacturing operations to this unit. Recently it acquired a factory premises on a long lease basis in Kathua, situated in the State of Jammu and Kashmir.
As on September 30, 2017, the Company had 105 employees on payroll and 180 employees on contract basis.
| Particulars | For the year/period ended (in Rs. lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,047.76 | 3,312.90 | 3,297.58 | 3,196.83 | 3,047.74 | |
| Total Revenue | 2,916.32 | 2,959.67 | 2,735.65 | 2,584.96 | 2,328.33 | |
| Profit After Tax | 104.90 | 93.65 | 82.55 | 57.81 | 72.68 | |
The Objects of the Fresh Issue is to raise funds for:
(a) Funding Long-Term Working Capital Requirement
(b) Funding expenditure for General Corporate Purposes
[Dilip Davda]
Although pricing appears reasonable, its higher profit for first half is a bit surprising. Cash surplus risk savvy investors may consider for long term investment.
Read detail review...The Uravi T and Wedge Lamps IPO is subscribed 1.20 times on March 20, 2018 5:00:00 PM. The public issue subscribed 0.98 times in the retail category, times in the QIB category, and 1.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.37 |
| Retail | 0.98 |
| Total | 1.20 |
| Listing Date | March 28, 2018 |
| BSE Script Code | |
| NSE Symbol | URAVI |
| ISIN | INE568Z01015 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹101.25 |
| ₹101.25 |
| ₹102.25 |
| ₹102.25 |
Uravi T and Wedge Lamps Ltd
Shop No. LG-20
Lower Ground, Avior, Nirmal Galaxy
L.B.S. Marg, Mulund West, Mumbai- 400 080
Phone: +91 – 22 – 2565 1355
Email: info@uravilamps.com
Website: http://www.uravilamps.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Uravi T and Wedge Lamps IPO is a SME IPO of 1,500,000 equity shares of the face value of ₹10 aggregating up to ₹15.00 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on March 16, 2018, and closes on March 20, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Uravi T and Wedge Lamps IPO opens on March 16, 2018 and closes on March 20, 2018.
Uravi T and Wedge Lamps IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Uravi T and Wedge Lamps IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Uravi T and Wedge Lamps IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Uravi T and Wedge Lamps IPO allotment status.
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RHP
IPO Mentor (800+ Posts, 1100+ Likes)
IPOANALYSIS| Link | Bookmark |March 16, 2018 11:17:55 PM