IPO Update: Uma Exports IPO has been Subscribed Nearly 7 Times on Final Day

Uma Exports’ three-day initial public offering (IPO) began on Monday, March 28, 2022, and will conclude on March 30, 2022. From its inaugural share offering, the agri goods dealer and distributor hopes to raise 60 crore. The company set a price range for the public offering of 65 to 68 cents per equity share.

According to BSE data, the Uma exports IPO was approximately 7 times subscribed, with individual investors booking over 9 times and Non Institutional Investors (NIIs) bidding 1.3 times and Qualified Institutional Buyers (QIBs) bidding 2.8 times.

The finalization of the share allotment is expected to take place on April 4th, 2022. Bidders can monitor their share allotment status on the BSE website or the MAS Services Limited website, which is the official registrar of the IPO. Meanwhile, on April 7, 2022, shares of Uma Exports are planned to be listed on both the NSE and the BSE.