Business description – Uravi T and Wedge Lamps is a lamps and lighting products manufacturing and distribution company with core focus on automotive lamps and instrument cluster lighting. The company specializes in manufacturing and distributing Stop and Tail Lamps /Signal Lamps /Indicator Lamps and Wedge Lamps for Two-wheelers, Four-wheelers, Tractors and Industrial applications for various Indian automobile manufacturers. The company was incorporated in the year 2004 and began operations with one manufacturing unit for T-10 Lamps at Navi Mumbai in Maharashtra on a rental basis. Subsequently, it purchased own manufacturing unit at Bhiwandi, Thane and shifted manufacturing operations to this unit. Uravi T and Wedge Lamps is ISO/TS certified and hold certifications from the Automotive Research Association of India and E-mark for the products manufactured.
Promoters of Uravi T and Wedge Lamps – Mr. Niraj Gada, Mr. Kaushik Gada and Mr. Brijesh Aggarwal
| Uravi T and Wedge Lamps IPO details | |
| Subscription Dates | 16 – 20 March 2018 |
| IPO Price band | INR100 per share |
| Fresh issue | 5,000,000 shares (INR5 crore) |
| Offer for sale | 10,000,000 shares (INR10 crore) |
| Total IPO size | 15,000,000 shares (INR15 crore) |
| Minimum bid (lot size) | 1,200 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Funding Long Term Working Capital Requirement – INR3.80 crore
- Expenditure for General Corporate Purposes – INR0.93 crore
- Company’s share of offer related expenses – INR0.27 crore
| Uravi T and Wedge Lamps’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 6M FY2018 | |
| Total revenue | 23.28 | 25.85 | 27.36 | 29.60 | 29.16 | 16.45 |
| Total expenses | 22.22 | 24.85 | 26.11 | 28.04 | 27.58 | 14.64 |
| Profit after tax | 0.73 | 0.58 | 0.83 | 0.94 | 1.05 | 1.56 |
Uravi T and Wedge Lamps’ Contact Details
Uravi T and Wedge Lamps Limited
Shop No. LG-20, Lower Ground
Avior, Nirmal Galaxy, L.B.S. Marg
Mulund West, Mumbai- 400 080
Phone: +91 22 2565 1355
Email: [email protected]
Website: www.uravilamps.com
Uravi T and Wedge Lamps IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.24 |
| Day 2 | 0.70 |
| Day 3 | 1.14 |
Uravi T and Wedge Lamps Valuation (Latest FY)
Earnings Per Share (EPS): INR2.10
Price/Earnings (P/E) ratio: 47.62
Return on Net Worth (RONW): 9.73%
Net Asset Value (NAV): INR21.55 per share
Registrar of Uravi T and Wedge Lamps 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
Uravi T and Wedge Lamps IPO Allotment Status
Uravi T and Wedge Lamps IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Uravi T and Wedge Lamps
IPO Opening Date: 16 March 2018
IPO Closing Date: 20 March 2018
Finalisation of Basis of Allotment: 23 March 2018
Initiation of refunds: 26 March 2018
Transfer of shares to demat accounts: 27 March 2018
Listing Date: 28 March 2018
Listing Price on NSE SME: To be updated
Closing Price on NSE SME: To be updated
