Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Fri, Mar 16, 2018 - Tue, Mar 20, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 16, 2018
IPO Close
Tue, Mar 20, 2018
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹55.00 Cr
| IPO Date | 16 to 20 Mar, 2018 |
| Listed on | Wed, Mar 28, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 15,00,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 79,200 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.7920 Cr) |
| Fresh Issue (Ex Market Maker) | 4,20,800 shares (agg. up to ₹4 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (agg. up to ₹10 Cr) |
| Net Offered to Public | 14,20,800 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 55,00,000 shares |
| NSE Symbol | URAVIDEF |
| ISIN | INE568Z01015 |
Uravi T & Wedge Lamps IPO comprises a total issue size of 15,00,000 shares. The net offer to the public is 14,20,800 shares, after excluding 79,200 shares allotted on a firm basis. Of the Net offer 7,10,400 (50.00%) allocated to NII 7,10,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,10,400 | 50.00% | 47.36% |
| Retail Shares Offered | 7,10,400 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 79,200 | 5.28% | |
| Total Shares Offered | 15,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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.
| 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 | Funding Long Term Working Capital Requirement | 3.80 |
| 2 | Expenditure for General Corporate Purposes | 0.93 |
The Uravi T and Wedge Lamps IPO is subscribed 1.2 times on March 20, 2018 5:00:00 PM (Day 3). The public issue subscribed 0.98 times in the retail category, [.] times in the QIB category, and 1.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.37 | 7,10,400 | 9,75,600 |
| Retail | 0.98 | 7,10,400 | 6,97,200 |
| Total | 1.2 | 14,20,800 | 17,07,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.38 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.08 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.05 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹101.25 |
| Low | ₹101.25 |
| High | ₹102.25 |
| Last Trade | ₹102.25 |
Lead Manager Reports
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 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Mar 16, 2018, and closes on Tue, Mar 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 Fri, Mar 16, 2018 and closes on Tue, Mar 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 Wed, Mar 28, 2018.
