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Share of Uma’s exports Likely allocation today;  Gmp in negative territory

Agricultural commodity trader and distributor Uma Exports is expected to announce on Monday the allotment of shares offered under its initial public offering (IPO). Uma Exports stock is expected to list on the BSE and NSE exchanges on April 7.

Uma Exports’ IPO – the first public offering to be launched after an interval of almost two months – saw an overall subscription of 7.7 times.

Here is how different categories of investors responded to Uma Exports’ IPO:

Category Subscription (Number of times shares offered)
QIB 2.8
TIN 2.2
Retail 10.1
The IPO of Uma Exports included a new issue of shares worth up to Rs 60 crore. Shares of Uma Exports were available at auction in a price range of Rs 65-68 from March 28 to March 30 in multiples of 220 shares.
Uma Exports has failed to secure a premium on the gray market – an unofficial market for unlisted securities – in recent days, according to dealers. (What Gray Market Really Is)

“Recent IPOs being quite small in size, they have failed to stimulate interest from primary market participants. We should see interest return as companies with large operations tap into the market at reasonable valuations. , as investors have become cautious on the valuation front,” Abhay Doshi, co-founder of Unlisted Arena, a portal that tracks gray markets and trading in unlisted securities, said.

Those who had bid for the Uma Exports IPO can check the award status of their bid online, through BSE’s website or that of the Registrar, MAS Services.

How to check award status on the ESB website

  • Select ‘equity’ under the ‘issue type’ field
  • Select Uma Exports from the drop-down menu
  • Enter the request number
  • Enter the PAN
  • How to Check Award Status Through the Registrar’s Website

  • Enter either DP ID with Client ID or Request Number
  • Click on ‘search’
  • The shares will likely be credited to the demat accounts of successful bidders and the funds likely credited to the bank accounts of others by April 5.

    (Edited by : Akanksha Upadhyay)

    First post: STI

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