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.
The promoters of the company are Mr. Niraj Gada, Mr. Kaushik Gada, and Mr. Brijesh Aggarwal.
|Particulars||For the year/period ended (in Rs. lakhs)|
|Profit After Tax||104.90||93.65||82.55||57.81||72.68|
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 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 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.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||710,400||710,400||79,200||1,500,000|
|Day 1 - Mar 16, 2018 17:00 IST||0||289,200||64,800||-||354,000|
|Day 2 - Mar 19, 2018 17:00 IST||0||814,800||229,200||-||1,044,000|
|Day 3 - Mar 20, 2018 17:00 IST||34,800||975,600||697,200||-||1,707,600|
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