Uma Exports sets IPO price band at Rs 65-68 a share

Uma Exports sets IPO price band at Rs 65-68 a share

Initiation of refunds and credit of equity shares to demat accounts of allottees will be on 5 April. Uma Exports had filed draft papers in September 2021.





March 22, 2022 / 08:51 AM IST





Uma Exports Ltd has set the price band for its public issue at Rs 65-68 a share. The company had earlier said its IPO will open on March 28 and close on March 30. It plans to list on exchanges on April 7.

Initiation of refunds and credit of equity shares to demat accounts of allottees will be on April 5.

Uma Exports plans to raise around Rs 60 crore through the public issue and utilise Rs 50 crore out of this to fund its working capital requirements. As of March 2021, it had a total sanctioned limit of working capital facilities of Rs 85 crore, including fund-based and non-fund-based limits.

The company is engaged in trading and marketing of agricultural produce and commodities such as sugar, spices like dry red chillies, turmeric, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soybean meal and rice bran de-oiled cake.

It imports lentils, faba beans, black urad dal and tur dal in