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Uravi T and Wedge Lamps Ltd IPO (Uravi T and Wedge Lamps IPO) Detail

Mar 16, 2018 - Mar 20, 2018

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.

Company Promoters:

The promoters of the company are Mr. Niraj Gada, Mr. Kaushik Gada, and Mr. Brijesh Aggarwal.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

The Objects of the Fresh Issue is to raise funds for:

(a) Funding Long-Term Working Capital Requirement
(b) Funding expenditure for General Corporate Purposes

Issue Detail:

  »»  Issue Open: Mar 16, 2018 - Mar 20, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,500,000 Equity Shares of Rs 10 aggregating up to Rs 15.00 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 100 Per Equity Share
  »»  Market Lot: 1200 Shares
  »»  Minimum Order Quantity: 1200 Shares
  »»  Listing At: NSE SME

Uravi T and Wedge Lamps IPO Reviews / Recommendations:

Dilip Davda - Other

 

Uravi T and Wedge Lamps IPO Subscription Status / Live Bidding Status

Uravi T and Wedge Lamps IPO Subscription Status tells if Uravi T and Wedge Lamps IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Uravi T and Wedge Lamps IPO oversubscribed if bids are received for more shares than what is offered by the company.

Uravi T and Wedge Lamps IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved0710,400710,40079,2001,500,000
Day 1 - Mar 16, 2018 17:00 IST0289,20064,800-354,000
Day 2 - Mar 19, 2018 17:00 IST0814,800229,200-1,044,000
Day 3 - Mar 20, 2018 17:00 IST34,800975,600697,200-1,707,600

Uravi T and Wedge Lamps IPO Prospectus

Uravi T and Wedge Lamps IPO Rating

32
3.6
Rating:Rated 3.6 stars

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Uravi T and Wedge Lamps IPO News Alerts

  1. Tuesday, March 20, 2018 12:00:00 AM
    Uravi T and Wedge Lamps IPO Closes on Mar 20, 2018
  2. Friday, March 16, 2018 12:00:00 AM
    Uravi T and Wedge Lamps IPO Opens on Mar 16, 2018

Company Contact Information

Uravi T and Wedge Lamps Ltd
Shop No. LG-20
Lower Ground, Avior, Nirmal Galaxy
L.B.S. Marg, Mulund West, Mumbai- 400 080
Phone: +91 – 22 – 2565 1355
Fax: +91 – 22 – 2565 1355
Email: info@uravilamps.com
Website: http://www.uravilamps.com

Uravi T and Wedge Lamps IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Uravi T and Wedge Lamps IPO Lead Manager(s)

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Uravi T and Wedge Lamps IPO Review / Comments

avatar
4. IPOANALYSIS  Mar 16, 2018 10:17:55 PM IST I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
VERY BAD COMPANY. WILL LIST AT HUGE DISCOUNT.FATE OF ASHOK METCAST TO BE REPEATED.
avatar
3. Shareking  Mar 15, 2018 4:34:00 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
it seems good IPO
worth applying
avatar
2. IPO Success  Mar 13, 2018 7:48:08 PM IST I Like It. 1 | Report Abuse Reply
Expensive bet! Not worth applying.
avatar
1. Riaz Khatri  Mar 13, 2018 5:07:47 PM IST I Like It. 2 | Report Abuse Reply
AGAIN THE LEAD MANAGER IS ARYAMAN?

KIA MUKHOTAY SAY AATA HAY BHOG MANGNAY KO?

WILL THE INVESTORS AGAIN BURN THEIR FINGERS?

ANY BODY WANTS HIS PRINCIPAL OR CAPITAL TO BE REDUCES BY 50%?

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