Uravi T and Wedge Lamps Ltd IPO

Closed

Subscription Details

  • Open Date 16 Mar
  • Close Date 20 Mar
  • Lot Size 1200
  • IPO Size ₹ 15 Cr
  • IPO Price Range ₹ 100
  • Min Investment ₹ 120000

Uravi T and Wedge Lamps Ltd IPO Timeline

Open Date
16 Mar
Close Date
20 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public offer of 15,00,000 equity shares of Rs. 10/- each (equity shares) of Uravi T and Wedge Lamps Limited (UVAL or the company) for cash at a price of Rs. 100 per share (the offer price), aggregating to Rs. 15.00 crores (the offer) consisting of fresh issue of 5,00,000 equity shares aggregating to Rs. 5.00 crores and an offer for sale of 10,00,000 equity shares by the promoters and promoters group selling shareholders aggregating to Rs. 10.00 crores (offer for sale), of which upto 79,200 equity shares of Rs. 10 each will be reserved for subscription by market makers to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. Offer of upto 14,20,800 equity shares of Rs. 10/- each is hereinafter referred to as the net offer. The offer and the net offer will constitute 27.27% and upto 25.83%, respectively of the post offer paid up equity share capital of the company. The Face value of the equity share is Rs. 10 and the offer price is 10 times of the face value.

How to apply for an 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

Contact Details of Uravi T and Wedge Lamps Ltd IPO

Contact Information

Address

Shop No. LG-20, Lower Ground,
Avior Nirmal Galaxy LBS Marg,
Mumbai, Maharashtra 400080

Uravi T and Wedge Lamps Ltd IPO Lead Manager

Aryaman Financial Services Ltd
Open Demat Account