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Umiya Tubes IPO is a fixed price issue of ₹2.00 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹2.00 crore.
Umiya Tubes IPO bidding started from Mar 18, 2016 and ended on Mar 22, 2016. The shares got listed on BSE SME on Apr 1, 2016.
Umiya Tubes IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Mehta Integrated Finance Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Umiya Tubes IPO RHP for detailed Information.
| IPO Date | March 18, 2016 to March 22, 2016 |
| Listing Date | April 1, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,00,000 shares (aggregating up to ₹2.00 Cr) |
| Reserved for Market Maker | 1,10,000 shares Beeline Broking Ltd. (aggregating up to ₹0.1100 Cr) |
| Net Offered to Public | 18,90,000 shares (aggregating up to ₹1.89 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 54,00,000 shares |
| Share Holding Post Issue | 74,00,000 shares |
Umiya Tubes IPO offers total 20,00,000 shares. Out of which 9,45,000 (47.25%) allocated to NII, 9,45,000 (47.25%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,10,000 (5.50%) |
| NII (HNI) Shares Offered | 9,45,000 (47.25%) |
| Retail Shares Offered | 9,45,000 (47.25%) |
| Total Shares Offered | 20,00,000 (100.00%) |
Umiya Tubes IPO opens on March 18, 2016, and closes on March 22, 2016.
| IPO Open Date | Fri, Mar 18, 2016 |
| IPO Close Date | Tue, Mar 22, 2016 |
| Tentative Listing Date | Fri, Apr 1, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 22, 2016 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Umiya Tubes Ltd (UTL) is engaged in the manufacturing of stainless steel pipes and tubes that are widely used in chemical plants, dairy plants, petrochemical plants, solvent extractions, gas and oil distribution, refrigeration, railways, automobile etc.
To meet its expansion plans, raise working capital and general corpus funds, the company is coming out with a maiden IPO of 2000000 equity shares of Rs. 10 each at par to mobilize Rs. 2 crore. Issue opens for subscription on 18.03.16 and will close on 22.03.16. Minimum application is to be made for 10000 shares and in multiples thereon, thereafter. Issue is solely managed by Mehta Intigrated Finance Ltd and Purva Sharegistry (India) Pvt Ltd is the registrar to the issue. Shares will be listed on BSE SME post allotments. Post issue its current paid up equity capital of Rs. 5.4 crore will stand enhanced to Rs. 7.4 crore. All equity issues are made at par since inception.
The Company Umiya Tubes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Margin | 1.05 |
| 2 | Capital Expenditure for Expansion: Plant and Machinery and Civil Work | 0.50 |
| 3 | Public Issue Expenses | 0.40 |
| 4 | General Corporate Purpose | 0.05 |
[Dilip Davda] <p>This being at par issue, fund surplus risk savvy investors may consider long term investment.</p> Read detail review...
| Listing Date | April 1, 2016 |
| BSE Script Code | 539798 |
| NSE Symbol | |
| ISIN | INE173U01015 |
| Final Issue Price | ₹10 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.50 |
| Low | ₹10.00 |
| High | ₹10.60 |
| Last Trade | ₹10.45 |
Umiya Tubes Ltd.
208,
2nd Floor,
Suman Tower,
Gandhinagar, Gujarat, 382011
Phone: +91 9033090050
Email: info@umiyatubes.com
Website: http://www.umiyatubes.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Umiya Tubes IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹2.00 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on March 18, 2016, and closes on March 22, 2016.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Umiya Tubes IPO using UPI as a payment gateway. Zerodha customers can apply in Umiya Tubes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Umiya Tubes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Umiya Tubes IPO opens on March 18, 2016 and closes on March 22, 2016.
Umiya Tubes IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Umiya Tubes 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 Umiya Tubes IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Umiya Tubes IPO allotment status.
The Umiya Tubes IPO listing date is on Friday, April 1, 2016.
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