Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Fri, Oct 12, 2018 - Wed, Oct 17, 2018
Ultra Wiring Connectivity IPO is a fixed price issue of ₹4.82 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹4.82 crore.
Ultra Wiring Connectivity IPO bidding started from Oct 12, 2018 and ended on Oct 17, 2018. The shares got listed on NSE SME on Oct 26, 2018.
Ultra Wiring Connectivity IPO price is ₹35 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
D&A Financial Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is K.K.Securities Ltd..
Refer to Ultra Wiring Connectivity IPO RHP for detailed Information.
IPO Open
Fri, Oct 12, 2018
IPO Close
Wed, Oct 17, 2018
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹18.21 Cr
| IPO Date | 12 to 17 Oct, 2018 |
| Listed on | Fri, Oct 26, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 13,76,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 72,000 shares K.K.Securities Ltd. (agg. up to ₹0.2520 Cr) |
| Fresh Issue (Ex Market Maker) | 13,04,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 13,04,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 38,27,571 shares |
| Share Holding Post Issue | 52,03,571 shares |
| NSE Symbol | UWCSL |
| ISIN | INE00F301010 |
Ultra Wiring Connectivity IPO comprises a total issue size of 13,76,000 shares. The net offer to the public is 13,04,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,52,000 (50.00%) allocated to NII 6,52,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,52,000 | 50.00% | 47.38% |
| Retail Shares Offered | 6,52,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.23% | |
| Total Shares Offered | 13,76,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Incorporated in 2005, Haryana based Ultra Wiring Connectivity Systems Ltd is a company engaged in the business of manufacturing of Couplers, Connectors and allied products for
automobiles.
The Company's Manufacturing Plant is situated at Faridabad near Delhi. The plant has the total capacity of 120-135 lakhs couplers per month. It owns a Godown in Pune and an under-construction unit in Faridabad.
Ultra Wiring supplies its manufactured Couplers to most of the automobile manufacturers in India including Tata Motors, Maruti Udyog, Bajaj Auto, TVS Motors and Kinetic Engg etc
.
The Connectors are supplied to many companies in Auto-industries such as Tata Yazaki Autocomp / Yazaki India
Ltd, Tyco Electronics, Minda Group of Industries, Lumax Group of Industries, Flem Industries. It is also exported to M/s Thai Summit Harmess, Thailand and Fujikura Automotive, Paraguay (SA).
The company has 77 employees on its payroll.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | For Construction & Setting up of New Unit at Plot No. 300, Sector 68, IMT, Faridabad, by setting up a parallel production line for manufacture of Connector and New Line for manufacturing of Blade Fuse | 3.02 |
| 2 | Working Capital Requirement | 1.20 |
| 3 | General Corporate Purposes | 0.20 |
| 4 | Issue Expenses | 0.40 |
The Ultra Wiring Connectivity IPO is subscribed 1.94 times on October 17, 2018 5:00:00 PM (Day 4). The public issue subscribed 1.76 times in the retail category, [.] times in the QIB category, and 2.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.11 | 6,52,000 | 13,76,000 |
| Retail | 1.76 | 6,52,000 | 11,48,000 |
| Total | 1.94 | 13,04,000 | 25,24,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.30 |
| 2 | Regulatory fees and Other Expenses | 0.05 |
| 3 | Marketing and Advertising Expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹33.10 |
| Low | ₹31.50 |
| High | ₹34.00 |
| Last Trade | ₹33.20 |
Lead Manager Reports
Ultra Wiring Connectivity IPO is a SME IPO of 13,76,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Oct 12, 2018, and closes on Wed, Oct 17, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ultra Wiring Connectivity IPO using UPI as a payment gateway. Zerodha customers can apply in Ultra Wiring Connectivity IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ultra Wiring Connectivity IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ultra Wiring Connectivity IPO opens on Fri, Oct 12, 2018 and closes on Wed, Oct 17, 2018.
Ultra Wiring Connectivity IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Ultra Wiring Connectivity IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ultra Wiring Connectivity IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ultra Wiring Connectivity IPO allotment status.
The Ultra Wiring Connectivity IPO listing date is on Fri, Oct 26, 2018.
