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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

Uravi T and Wedge Lamps IPO Details

IPO DateMar 16, 2018 - Mar 20, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,500,000 Eq Shares of ₹10
(aggregating up to ₹15.00 Cr)
Face Value₹10 Per Equity Share
IPO Price₹100 Per Equity Share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtNSE SME

Uravi T and Wedge Lamps IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum11200₹120,000
Maximum11200₹120,000

Uravi T and Wedge Lamps IPO Subscription Status (Bidding Detail)

Uravi T and Wedge Lamps IPO how much subscribed?

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

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 Listing Date

Listing DateWednesday, March 28, 2018
BSE Script Code
NSE SymbolURAVI
Listing In
ISININE568Z01015
IPO Price₹100 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹100.00
Open:₹101.25
Low:₹101.25
High:₹102.25
Last Trade:₹102.25
Volume:49,200

Uravi T and Wedge Lamps IPO Reviews / Ratings

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
Email: info@uravilamps.com
Website: http://www.uravilamps.com

Uravi T and Wedge Lamps IPO Registrar

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 FAQs

  1. 1. What is Uravi T and Wedge Lamps IPO?

    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.

  2. 2. When Uravi T and Wedge Lamps IPO will open?

    The Uravi T and Wedge Lamps IPO opens on Mar 16, 2018 and closes on Mar 20, 2018.

  3. 3. How to apply for Uravi T and Wedge Lamps IPO?

    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.

  4. 4. When Uravi T and Wedge Lamps IPO allotment?

    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.

  5. 5. When is Uravi T and Wedge Lamps IPO listing date?

    The Uravi T and Wedge Lamps IPO listing date is on Wednesday, March 28, 2018, at NSE SME.
  6. 6. What is the lot size of Uravi T and Wedge Lamps IPO?

    Uravi T and Wedge Lamps IPO lot size is 1200 Shares and the minimum order quantity is 1200 Shares.

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Uravi T and Wedge Lamps IPO Review / Comments

IPOANALYSIS
4. IPOANALYSIS  Mar 16, 2018 23:17
VERY BAD COMPANY. WILL LIST AT HUGE DISCOUNT.FATE OF ASHOK METCAST TO BE REPEATED.
Shareking
3. Shareking  Mar 15, 2018 17:34
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
it seems good IPO
worth applying
IPO Success
2. IPO Success  Mar 13, 2018 20:48
Expensive bet! Not worth applying.
Riaz Khatri
1. Riaz Khatri  Mar 13, 2018 18:07
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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