Ultra Wiring Connectivity System IPO overview – Ultra Wiring Connectivity System is engaged in the business of manufacturing of Couplers, Connectors and allied products for automobiles. The company has manufacturing plant situated near Delhi at HSIDC Industrial Area, Faridabad. The company owns a godown in Pune and an under-construction unit in ‘Industrial Model Town’ of Faridabad.
Its manufacturing plant is equipped with 26 Fully Automatic- PLC Controlled Injection Mouldin Machines supported by a well-equipped Tool-Room, where components are manufactured as per Japanese Standard JASO –D 616-2011 & ISO – 8092. The plant has total capacity of 120-135 lacs couplers per month on 24 hours 3 shift basis presently, producing 100-110 lacs couplers per month.
The company is supplying couplers to almost all the automobile manufacturers in India, including Tata Motors, Bajaj Auto Ltd., Maruti Udyog Ltd, TVS Motors, Kinetic Engg, etc. The company also supplies   its connectors to many customers all over India manufacturing wiring harnesses, switches, lights, etc. for auto-industries such as Tyco Electronics Ltd., Tata Yazaki Autocomp / Yazaki India Ltd, Minda Group of Industries, Lumax Group of Industries, Fiem Industries Ltd and also exporting to M/s Thai Summit Harmess, Thailand and Fujikura Automotive, Paraguary (SA) etc.
Promoters of Ultra Wiring Connectivity System – Mr Sanjay Mathur and Mrs Archana Mathur
| Ultra Wiring Connectivity System IPO details | |
| Subscription Dates | 12 – 17 October 2018 |
| IPO Price band | INR35 per share |
| Fresh issue | 1,376,000 shares (INR4.82 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,376,000 shares (INR4.82 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Setting up a parallel production line for manufacture of Connector and New Line for manufacturing of Blade Fuse – INR3.02 crore
- Working Capital Requirements – INR1.20 crore
- General Corporate Purpose – INR0.20 crore
- Issue Expenses – INR0.40 crore
| Ultra Wiring Connectivity System’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | |
| Total revenue | 11.06 | 11.26 | 12.34 | 13.94 | 15.18 | 17.87 |
| Total expenses | 10.67 | 10.84 | 11.81 | 13.15 | 14.09 | 16.23 |
| Profit after tax | 0.43 | 0.27 | 0.40 | 0.57 | 0.75 | 1.18 |
Ultra Wiring Connectivity System’s Contact Details
Ultra Wiring Connectivity System Limited
Plot No. 287, 287-A&B, Sector-59,
HSIDC Industrial Estate, Ballabgarh,
Faridabad-121004
Phone: +91Â 0129-4000362
Email: [email protected]
Website: www.ultrawiring.com
Ultra Wiring Connectivity System IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.66 |
| Day 2 | 1.05 |
| Day 3 | 1.19 |
| Day 4 | 1.83 |
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Ultra Wiring Connectivity System Valuation (For FY2018)
Earnings Per Share (EPS): INR3.09
Price/Earnings (P/E) ratio: 11.33
Return on Net Worth (RONW): 19.81%
Net Asset Value (NAV): INR15.62 per share
Registrar of Ultra Wiring Connectivity System IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Ultra Wiring Connectivity System IPO Allotment Status
Ultra Wiring Connectivity System IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Ultra Wiring Connectivity System
IPO Opening Date: 12 October 2018
IPO Closing Date: 17 October 2018
Listing Date: 26 October 2018
Listing Price on NSE SME: INR33.1 per share (down 5.4% from IPO price)
Closing Price on NSE SME: To be updated
