Uma Exports IPO | Review

Uma Exports Limited has come up with an initial public offer (IPO). It will open on March 28-30 at Rs.65-68 a shares. The IPO issue size is around 60.00 crores. The minimum bid will be for 220 shares and in its multiples thereafter.

Overview

Uma Exports Limited was incorporated on March 9 1988 in West Bengal. It trades, markets, and distributes agricultural products and commodities which include sugar, rice, spices, turmeric, coriander, cumin seeds, wheat, corn, sorghum, tea, pulses, and soya bean milk. The company imports lentils, faba beans, black urad dal, and tur dal in India from Canada, Australia, and Burma. It is a B2B trader and highly specialized in sugar, corn, and dal. The company has explored business opportunities in countries like Malaysia, Sri Lanka, and Bangladesh.

Promoters

Rakesh Khemka – 31.97%

Sumitra Devi Khemuka – 10.31%

Strength & Weakness

Strengths	Weaknesses
Experienced management team	Impact of COVID-19 on future business
Strong presence in Agro commodities	Risk of currency fluctuations
Track record of growth and profitability	Litigations of company & promoters
Long term relationship with clients	The company is in violation of the FEMA, 1999
Backward integration strategy	The company is in violation of the Companies Act
Focusing on increasing the exports	Depends on a few customers
Good reputation and repeat orders	Competitive business environment

Company Financials

Year	Revenue (in Crore)	Profit (in Crore)
31-Mar-2019	329.37	2.89
31-Mar-2019	810.31	8.33
31-Mar-2019	752.03	12.18
30-Sep-2021	523.94	8.97

Object of Issue

1) Augmentation of working capital requirement

2) General Corporate propose

Uma Exports IPO Lot Size

Application	Lot	Shares	Amount
Minimum	1	220	Rs.14,960
Maximum	13	2860	Rs.1,94,490

Uma Exports IPO details

IPO Opening Date	28 March 2022
IPO Closing Date	30 March 2022
Face Value	Rs.10 per Equity Share
IPO Price	Rs.65-68 per share
Market Lot	220 shares
Minimum Order Quantity	220 shares
Listing At	NSE, BSE
Issue Size	Up to Rs.60.00 Crore
QIB Shares Offered	50% of the offer
Retail Shares Offered	35% of the offer
NII/HNI Shares Offered	15% of the offer

Uma Exports IPO Timetable

IPO Date	28-30 March 2022
Allotment Date	4 April 2022
Initiation of Refunds	5 April 2022
Credit of shares to Demat a/c	6 April 2022
IPO Listing Date	7 April 2022

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