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Uma Exports IPO closes, know share allotment, listing dates

Uma Exports IPO | Unsuccessful investors will get a refund and shares will be credited to the demat accounts of successful investors by April 5

March 31, 2022 / 04:11 PM IST
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Uma Exports, which trades in agricultural commodities, will finalise the initial public offering share allotment on April 4 after successfully closing the issue on March 30.

The Rs 60-crore issue, which opened on March 28,  was subscribed 7.67 times, getting a good response from all sets of investors.

Retail investors bought shares 10.11 times the allotted quota, while the portion set aside for qualified institutional buyers was subscribed 2.81 times and that of non-institutional investors 2.22 times.

Uma Exports will utilise the proceeds to augment working capital requirements.