Uma Exports Ltd IPO
Listing Details
- Listing Exchange NSE, BSE
- Listing Date 07 Apr 2022
- IPO Price Range ₹ 65
- Listing Price ₹ 80
- Listing Change 17.6 %
- Last Traded Price ₹ 39.9
- Current Change -41.3 %
IPO Subscription Details
- Open Date 28 Mar
- Close Date 30 Mar
- Lot Size 220
- IPO Size ₹ 60.00 Cr
- IPO Price Range ₹ 65 to ₹68
- Min Investment ₹ 14300
- Listing Exchange NSE, BSE
- Basis of Allotment 04 Apr
- Refunds 05 Apr
- Credit to Demat Account 06 Apr
- Listing Date 07 Apr
Uma Exports Ltd IPO Subscription Status
| QIB | NII | Retail | TOTAL | |
|---|---|---|---|---|
| Day 1 | 0.00x | 0.46x | 2.90x | 2.14 |
| Day 2 | 1.00x | 0.94x | 5.62x | 4.17 |
| Day 3 | 2.81x | 2.22x | 10.11x | 7.67 |
IPO Synopsis
IPO Synopsis
Uma Exports Limited filed a DRHP with SEBI for an initial public. The offer is a pure offer for the sale of shares aggregating up to Rs. 600 million by the promoters with each face value of Rs. 10.
The company is promoted by Rakesh Khemka and Sumitra Devi Khemuka
Corporate Capital Ventures Private Limited is the sole lead manager of the issue.
Objective of the Issue
The proceeds from the issue will be utilised for:
1. Augmentation of working capital requirements
2. General Corporate Purposes
About Uma Exports Ltd
Initially, Uma Exports was engaged in the business of export of building materials i.e., marble, granite, marble chips and other construction materials to the neighboring country, Bangladesh. The diversified its product portfolio in 1997 with exporting agricultural produce and commodities. The Company, now, is engaged into trading and marketing of agricultural produce and commodities such as sugar, spices like dry red chillies, turmeric, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soyabean meal and rice bran de-oiled cake. It imports lentils, faba beans, black urad dal and tur dal in India in bulk quantities. The major imports are from Canada, Australia and Burma. It has also explored business opportunities in Malaysia and Sri Lanka in addition to Bangladesh during these years. They are B2B traders, highly specialized in sugar, corn and dal. The firm maintains stocks and distribute them to different institutional parties like manufacturers, exporters, etc. The company provide them in bulk quantities.
With objective of having global presence, it has acquired 100% shareholding of U.E.L. International FZE, incorporated under the laws of United Arab Emirates and it is engaged in business of trading in sugar, spices & textile.
Uma Exports Ltd Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue | 742.16 | 806.76 | 326.92 |
| EBITDA | 21.25 | 19.75 | 9.11 |
| PAT | 12.18 | 8.33 | 2.89 |
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Total Assets | 198.60 | 218.59 | 103.77 |
| Share Capital | 24.99 | 24.99 | 24.99 |
| Total Borrowings | 42.14 | 17.96 | 40.56 |
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 48.93 | 21.63 | 88.32 |
| Net cash from / (used in) investing activities | 36.54 | 11.18 | 11.46 |
| Net cash flow from / (used in) financing activities | -36.41 | -56.20 | -43.52 |
| Net increase (decrease) in cash and cash equivalents | 49.06 | -23.38 | 56.26 |
Peer Comparison
| Name of the Company | Total Revenue | Basic EPS | Nav Rs. per share | PE | RoNW% |
|---|---|---|---|---|---|
| Uma Exports Limited | 752.03 | 4.92 | 27.83 | NA | 17.67% |
| Sakuma Exports | 1,333.48 | 0.51 | 98.56 | 9.41 | 3.10% |
IPO Key Points
-
Strengths
1. Strong presence in agro commodities trading segment
2. Experienced management team with proven project management and implementation skill
3. Long term relationship with clients and repeat business
4. Track record of growth and profitability
-
Risks
1. Company is in violation of the provisions of the Foreign Exchange Management Act, 1999, in respect of the acquisition of the Company’s foreign wholly owned subsidiary U.E.L International FZE
2. Company is in violation of the provisions of the Foreign Exchange Management Act, 1999 since it failed to report to the RBI about the incorporation of its subsidiary in Singapore ‘Uma Exports Pte. Ltd.’
3. Until September 2021, the company has violated the provisions of the Employees’ State Insurance Act, 1948 by not registered under the act.
4. Company is in violation of certain provisions of the Companies Act, 2013
5. Some of the corporate records relating to changes in the share capital of the company are not traceable and have limited records of bank documents relating to certain share allotments made by the company
6. Global scope of the operations exposes to risks of doing business in foreign countries, including the constantly changing economic, regulatory, social and political conditions in the jurisdictions in which it operates and seeks to operate
7. There are backward integration challenges in agricultural produce and commodities trading business.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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IPO FAQs
What is the minimum lot size and investment required for the Uma Exports IPO?
Minimum lot size is 220 shares and investment required is ₹14,960. A retail-individual investor can apply for up to 13 lots (2860 shares or ₹194,480).
What is the price band of the IPO?
The price band for the IPO ranges between ₹65 to ₹68 per equity share.
When does the Uma Exports issue open and close?
The Uma Exports issues opens on Mar 28, 2022 and closes on Mar 30, 2022.
What is the size of Uma Exports IPO issue?
The IPO includes a pure offer for the sale of shares aggregating up to Rs.600 million.
Who are the promoters/key personnels of Uma Exports?
Uma Exports is promoted by Rakesh Khemka and Sumitra Devi Khemuka.
What is the allotment date of Uma Exports?
The allotment date is on Apr 4, 2022.
What is the Uma Exports listing date?
The listing date for Uma Exports is on Apr 7, 2022.
Who are the book runners for Uma Exports IPO?
Corporate Capital Ventures Private Limited is the book running lead manager to the issue.
What is the objective of the issue?
The proceeds will be used for
1. Augmentation of working capital requirements
2. General Corporate Purposes
How to apply for the Uma Exports IPO?
To apply for the IPO, follow the steps given below
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and price at which you wish to apply for
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
4. You will receive a mandate notification to block funds in your UPI app
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