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Uravi T & Wedge Lamps IPO is a fixed price issue of ₹15.00 crores. The issue is a combination of fresh issue of 0.05 crore shares aggregating to ₹5.00 crores and offer for sale of 0.10 crore shares aggregating to ₹10.00 crores.
Uravi T & Wedge Lamps IPO bidding started from Mar 16, 2018 and ended on Mar 20, 2018. The shares got listed on NSE SME on Mar 28, 2018.
Uravi T & Wedge Lamps IPO price is ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Aryaman Financial Services 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 Aryaman Capital Markets Ltd..
Refer to Uravi T & 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 |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 15,00,000 shares (aggregating up to ₹15.00 Cr) |
| Reserved for Market Maker | 79,200 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.7920 Cr) |
| Fresh Issue (Ex Market Maker) | 4,20,800 shares (aggregating up to ₹4.21 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (aggregating up to ₹10.00 Cr) |
| Net Offered to Public | 14,20,800 shares (aggregating up to ₹14.21 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 55,00,000 shares |
Uravi T and Wedge Lamps IPO offers total 15,00,000 shares. Out of which 7,10,400 (47.36%) allocated to NII, 7,10,400 (47.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 79,200 (5.28%) |
| NII (HNI) Shares Offered | 7,10,400 (47.36%) |
| Retail Shares Offered | 7,10,400 (47.36%) |
| Total Shares Offered | 15,00,000 (100.00%) |
Uravi T & Wedge Lamps IPO opens on March 16, 2018, and closes on March 20, 2018.
| IPO Open Date | Fri, Mar 16, 2018 |
| IPO Close Date | Tue, Mar 20, 2018 |
| Tentative Listing Date | Wed, Mar 28, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 20, 2018 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
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 Company Uravi T & Wedge Lamps 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 | Funding Long Term Working Capital Requirement | 3.80 |
| 2 | Expenditure for General Corporate Purposes | 0.93 |
[Dilip Davda] <p>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.</p> Read detail review...
| Listing Date | March 28, 2018 |
| BSE Script Code | |
| NSE Symbol | URAVIDEF |
| ISIN | INE568Z01015 |
| Final Issue Price | ₹100 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹101.25 |
| Low | ₹101.25 |
| High | ₹102.25 |
| Last Trade | ₹102.25 |
Uravi T & Wedge Lamps Ltd.
Shop No. LG-20
Lower Ground, Avior, Nirmal Galaxy
L.B.S. Marg, Mulund West,
Mulund, Maharashtra, 400080
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
Uravi T & Wedge Lamps IPO is a SME IPO of 15,00,000 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.
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.
Zerodha customers can apply online in Uravi T & Wedge Lamps IPO using UPI as a payment gateway. Zerodha customers can apply in Uravi T & Wedge Lamps IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Uravi T & Wedge Lamps IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Uravi T & Wedge Lamps IPO opens on March 16, 2018 and closes on March 20, 2018.
Uravi T & Wedge Lamps IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Uravi T & Wedge Lamps 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 Uravi T & Wedge Lamps IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Uravi T & Wedge Lamps IPO allotment status.
The Uravi T & Wedge Lamps IPO listing date is on Wednesday, March 28, 2018.
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