Uma Exports IPO to open on March 28; sets price band at Rs65-68/share

22 Mar 2022 , 11:06 AM

Uma Exports Ltd IPO will open on March 28 and close on March 30 and is planning to list on exchanges on April 7, 2022. It has set the price band for its public issue at Rs65-68 a share.

The company plans to raise around Rs60 crore through the public issue and utilise Rs50 crore out of this to fund its working capital requirements.

As of March 2021, it had a total sanctioned limit of working capital facilities of Rs85 crore, including fund-based and non-fund-based limits.

The company is engaged in trading and marketing of agricultural produce and commodities such as 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.

For FY21, total income stood at Rs752.03 crore against Rs810.31 crore a year ago. Net profit for the period stood at Rs12.18 crore vs. R 8.33 crore last year and operating profit stood at Rs21.25 crore vs. Rs19.75 crore a year ago. Total debt for the period stood at Rs42.14 crore.