The Uravi T and Wedge Lamps date has been confirmed from March 16, 2018 and ended on March 20, 2018.
Uravi T and Wedge Lamps Developers IPO is a fixed price issue of Rs 15.00 crores. The price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
March 16-20
Price Range
₹100 per share
Face Value
₹10 per share
GMP
₹309.35
Uravi T and Wedge Lamps IPO GMP
The Uravi T and Wedge Lamps IPO GMP is ₹309.35.
IPO Overview
The Uravi T and Wedge Lamps IPO is a Rs 15.00 crore fixed price issuance. The IPO bidding for Uravi T and Wedge Lamps 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 Lamps is ₹100 per share. A minimum lot size of 1200 Shares is required for an application. Retail investors must make a minimum investment of ₹120,000 to participate.
The company began operations with a rented manufacturing unit in Navi Mumbai, Maharashtra, and later purchased manufacturing equipment in Bhiwandi, Thane, and relocated production to this unit. It just obtained a long-term lease for a factory in Kathua, Jammu & Kashmir. As of September 30, 2017, the Company had 105 people on payroll and 180 contract employees.
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
Uravi T & Wedge Lamps Limited, founded in 2004, is a Mumbai-based firm that manufactures and distributes lamps and lighting equipment, with a primary focus on car lamps and instrument cluster illumination. The company specialises in manufacturing and distributing Stop and Tail Lamps/Signal Lamps/Indicator Lamps and Wedge Lamps for various Indian automotive manufacturers’ two-wheelers, four-wheelers, tractors, and industrial applications. It is ISO/TS certified and has product certifications from the Automotive Research Association of India
and E-mark. Uravi has just entered into a collaboration agreement with a Philippines-based firm called Global Lighting Phils. Inc for the development of our company’s LED lighting goods sector. Global Lighting Phils. Inc. manufactures the LED lamps under the brand name UVAL, which the firm imports, distributes, and sells in India.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Uravi T and Wedge Lamps Ltd |
| Phone number | +91 22 2565 1355 |
| Email ID | info@uravilamps.com |
| Website | uravilamps.com |
IPO Strenghts
- 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.
