Shares of Uma Exports made their own Share Market The stock listed on NSE on Thursday with Rs 76, a premium of over 11% over its IPO issue price 68 per share. Uma Exports shares start trading on BSE 80 each, 17% above the issue price.
three days Initial Public Offering (IPO) Uma Exports opened last week on Monday, March 28, 2022 and ended on March 30, 2022. The company had fixed the price band for the public issue 65 to 68 per equity share. After 3 days of bidding, the initial share sale was subscribed 7.67 times overall, while the retail investors category was booked more than 10 times.
The company had said that it plans to use the net proceeds from the issue for raising working capital requirements and general corporate objectives.
Uma Exports is engaged in trading and marketing of agricultural products and sugar, spices such as dry red chillies, turmeric, coriander, cumin, rice, wheat, maize, sorghum and tea, pulses and agricultural feeds such as soybean meal. and Rice Bran Oilless Cake.
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