Uravi T and Wedge Lamps IPO GMP, Review, Price, Allotment

The Uravi T and Wedge Lamps IPO date has been confirmed from March 16, 2018 and ended on March 20, 2018. Read the post to learn about Uravi T and Wedge Lamps IPO GMP.

Uravi T and Wedge lights Developers IPO is a fixed price issue of Rs15.00 crores. The price is ₹ 100 per share. The  minimal lot size for an  operation is 1200 Shares. The  minimal  quantum of investment  needed by retail investors is ₹ 120,000. 

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Key Details Of Uravi T and Wedge Lamps IPO:

Uravi T and Wedge Lamps IPO GMP

The Uravi T and Wedge Lamps IPO GMP Today is ₹309.35.

Uravi T and Wedge Lamps IPO Overview​

The Uravi T and Wedge lights IPO is a Rs15.00 crore fixed price  allocation. The IPO bidding for Uravi T and Wedge lights began on March 16, 2018 and finished on March 20, 2018. On March 28, 2018, the shares were listed on the NSE SME. The IPO price for Uravi T and Wedge lights is ₹ 100 per share. A  minimal lot size of 1200 Shares is  needed for an  operation. Retail investors must make a  minimal investment of ₹ 120,000 to  share  

The company began operations with a rented manufacturing unit in Navi Mumbai, Maharashtra, and  latterly bought manufacturing  outfit in Bhiwandi, Thane, and  dislocated  product to this unit. It just  attained a long- term parcel for a  plant in Kathua, Jammu & Kashmir. As of September 30, 2017, the Company had 105 people on payroll and 180 contract  workers.  

Uravi T and Wedge Lamps IPO Details

IPO Date	March 16, 2018 to March 20, 2018
Listing Date	March 28, 2018
Face Value	₹10 per share
Price	₹100 per share
Lot Size	1200 Shares
Total Issue Size	1,500,000 shares (aggregating up to ₹15.00 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Market Maker portion	79,200 shares

Uravi T and Wedge Lamps Company Financials

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

Uravi T and Wedge Lamps IPO Listing Details

Listing Date	March 28, 2018
BSE Script Code
NSE Symbol	URAVI
ISIN	INE568Z01015
Final Issue Price	₹100 per share

Company Profile​

andE-mark. Uravi has just entered into a collaboration agreement with a Philippines- grounded  establishment called Global Lighting Phils. Inc for the development of our company’s LED lighting goods sector. Global Lighting Phils.Inc. manufactures the LED  lights under the brand name UVAL, which the  establishment  significances, distributes, and sells in India.

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Uravi T and Wedge Lamps IPO FAQs