Uravi T and Wedge Lamps IPO

Uravi T and Wedge Lamps IPOBusiness 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: info@uravilamps.com
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 Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
Website: 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

Uravi T and Wedge Lamps IPO
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