The company’s Rs 60-crore public issue was a fresh equity share sale and it received a decent response from investors, with an overall subscription of 7.67 times. The price range of the IPO was set at Rs 65-68.
The portion for retail bidders was subscribed more than 10 times, whereas QIB quota received nearly 3 times bids. The portion for non-institutional buyers fetched a little more than two times bids.
The issue largely received negative commentary from brokerage houses, who recommended avoiding the issue, citing its rich valuations, high debt and muted business. The issue was open for subscription between March 28-30.
Incorporated in 1988, Uma Exports in India from Canada, Australia and Myanmar. It has expanded its business in Malaysia, UAE, Sri Lanka, and Bangladesh.
It deals in 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.
Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:
1) Visit https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Uma Exports Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’, and hit submit.
You can also check the allotment status on the online portal of MAS Services Limited (https://www.masserv.com/opt.asp), the registrar to the issue.
The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications and carries out the allotment process as per the prospectus.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.
1) Go to the web portal of MAS Services Limited
2) Click on IPO allotment status on the left side.
3) You may be required to select either one of the three modes: Application number, Client ID or DPid
4) In application type, type the application numbers
5) In the DP id or Client ID, fill the given details
6) Hit submit
Bidders who could not get allotment in the IPO may see the initialisation of refunds on April 5. Others, who would be allotted shares may see the credit of shares in the demat account by April 6. The listing of the IPO is likely on April 7.
