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Uma Exports IPO subscribed 7.67 times, retail portion booked 10.11 times on final day

Uma Exports IPO | The offer will fetch the agri-commodities trader Rs 60 crore which will be used for working capital requirements. The price band for the offer is Rs 65-68 per equity share.

March 30, 2022 / 06:51 PM IST
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The public offer of Uma Exports, the agricultural produce and commodities trader, has consistently been garnering strong response from investors as it mopped up bids for 7.08 crore equity shares against IPO size of 92.30 lakh equity shares, getting oversubscribed by 7.67 times on March 30, the final day of bidding.

Retail investors have put in bids 10.11 times the portion set aside for them, the allotted quota of non-institutional investors was booked 2.22 times and that of qualified institutional buyers 2.81 times.

The offer will fetch the agri-commodities trader Rs 60 crore which will be used as working capital. The price band for the offer is Rs 65-68 per equity share.

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