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) | |||||
|---|---|---|---|---|---|---|
| 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 Objects of the Fresh Issue is to raise funds for:
(a) Funding Long-Term Working Capital Requirement
(b) Funding expenditure for General Corporate Purposes
| IPO Date | Mar 16, 2018 - Mar 20, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 1,500,000 Eq Shares of ₹10 (aggregating up to ₹15.00 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹100 Per Equity Share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120,000 |
| Maximum | 1 | 1200 | ₹120,000 |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 710,400 | 710,400 | 1,420,800 |
Mar 20, 2018 17:00 | 1.37x | 0.98x | 1.20x |
| Listing Date | Wednesday, March 28, 2018 |
| BSE Script Code | |
| NSE Symbol | URAVI |
| Listing In | |
| ISIN | INE568Z01015 |
| IPO Price | ₹100 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
Email: info@uravilamps.com
Website: http://www.uravilamps.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Uravi T and Wedge Lamps IPO is a SME IPO of 1,500,000 equity shares of the face value of ₹10 aggregating up to ₹15.00 Crores.
The issue price of the IPO is ₹100 Per Equity Share. The minimum order quantity is 1200 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Mar 16, 2018 and closes on Mar 20, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Uravi T and Wedge Lamps IPO opens on Mar 16, 2018 and closes on Mar 20, 2018.
Uravi T and Wedge Lamps IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Uravi T and Wedge Lamps IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Uravi T and Wedge Lamps IPO allotment status.
Uravi T and Wedge Lamps IPO lot size is 1200 Shares and the minimum order quantity is 1200 Shares.
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