Smartphones retailer Umiya Mobile to launch IPO on July 28

Incorporated in 2012, the company operates 149 stores in Gujarat, and 69 stores in Maharashtra and in one Union Territory, selling smartphones, mobile accessories, and consumer durable electronic products.

Rajkot-based smartphones retailer Umiya Mobile has decided to open its initial share sale for public subscription in the coming week on July 28, with offer price of Rs 66 per share.

The fixed price issue will close on July 30. The company will finalise IPO share allotment by July 31, and its shares will be available for trading on the BSE SME effective August 4.

Umiya Mobile aims to raise Rs 24.88 crore via public issue of 37.7 lakh shares.

Incorporated in 2012, the company operates 149 stores in Gujarat, and 69 stores in Maharashtra and in one Union Territory, selling smartphones, mobile accessories, and consumer durable electronic products.

Smartphones business contributed maximum at around 94-95 percent to its topline. Profit in the fiscal 2025 grew by 141 percent to Rs 5.7 crore, and revenue soared by 33.2 percent to Rs 601.2 crore compared to previous financial year.

Umiya Mobile plans to utilise Rs 19 crore out of the net IPO money for repaying debt, and the remainder funds for general corporate purposes.

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Smart Horizon Capital Advisors is sole book running lead manager handling the Umiya Mobile IPO.