Latest news with #Rajkot-based
Economic Times
a day ago
- Business
- Economic Times
Umiya Mobile IPO: Check GMP, price band and other details
Umiya Mobile, a Rajkot-based retailer, is launching its IPO. The IPO opens for subscription on Monday. It aims to raise Rs 24.88 crore. Umiya Mobile, a Rajkot-based electronics retailer, is launching its Rs 24.88 crore IPO on Monday, offering 37.7 lakh shares at Rs 66 each. The company intends to use the funds to reduce debt and for general corporate purposes. With significant revenue and profit growth in FY25, Umiya Mobile plans to list on the BSE SME platform on August 4. Tired of too many ads? Remove Ads Company profile Tired of too many ads? Remove Ads Financial performance Use of Proceeds Rajkot-based electronics and smartphone retailer Umiya Mobile will open its Rs 24.88 crore IPO for subscription on Monday with bidding to close on Wednesday. The IPO is a fixed price issue and entirely a fresh offer of 37.7 lakh shares priced at Rs 66 per share. Shares are proposed to list on the BSE SME platform, with the listing scheduled tentatively for August the grey market premium (GMP) for the Umiya Mobile IPO stands at Rs 0, indicating no unofficial listing gains at can bid in lots of 2,000 shares, with a minimum retail investment of Rs 2.64 lakh (4,000 shares). High net-worth individuals (HNIs) must apply for at least 6,000 shares, requiring Rs 3.96 lakh. The issue is split evenly between retail and HNI categories, with 47.48% shares each reserved for Mobile has grown into a multi-brand retailer selling smartphones, accessories, and consumer electronics. The company retails products from brands like Apple, Samsung, Realme, Xiaomi, Sony, LG, and others across 149 stores in Gujarat and 69 in company's diverse product portfolio spans smartphones, laptops, smartwatches, televisions, refrigerators, washing machines, and other appliances, catering to both urban and rural demand. As of FY25, the company had 127 employees on its Mobile posted robust growth in FY25, with revenue up 33% YoY to Rs 601 crore, and net profit jumping 141% YoY to Rs 5.66 crore. However, margins remain thin, with PAT margin at just 0.94% and EBITDA margin at 1.82%.The company plans to use Rs 19 crore from the IPO proceeds to repay or prepay borrowings, and the rest for general corporate IPO is managed by Smart Horizon Capital Advisors, with Bigshare Services as the registrar and Shreni Shares as the market maker.
Time of India
a day ago
- Business
- Time of India
Umiya Mobile IPO: Check GMP, price band and other details
Rajkot-based electronics and smartphone retailer Umiya Mobile will open its Rs 24.88 crore IPO for subscription on Monday with bidding to close on Wednesday. The IPO is a fixed price issue and entirely a fresh offer of 37.7 lakh shares priced at Rs 66 per share. Shares are proposed to list on the BSE SME platform, with the listing scheduled tentatively for August 4. Currently, the grey market premium (GMP) for the Umiya Mobile IPO stands at Rs 0, indicating no unofficial listing gains at present. Explore courses from Top Institutes in Please select course: Select a Course Category CXO Operations Management Technology Cybersecurity Others Finance Design Thinking Artificial Intelligence Data Science Management MCA Public Policy PGDM Data Analytics Leadership others healthcare Product Management Degree Project Management MBA Data Science Digital Marketing Healthcare Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Investors can bid in lots of 2,000 shares, with a minimum retail investment of Rs 2.64 lakh (4,000 shares). High net-worth individuals (HNIs) must apply for at least 6,000 shares, requiring Rs 3.96 lakh. The issue is split evenly between retail and HNI categories, with 47.48% shares each reserved for both. Company profile Umiya Mobile has grown into a multi-brand retailer selling smartphones, accessories, and consumer electronics. The company retails products from brands like Apple, Samsung, Realme, Xiaomi, Sony, LG, and others across 149 stores in Gujarat and 69 in Maharashtra. Live Events The company's diverse product portfolio spans smartphones, laptops, smartwatches, televisions, refrigerators, washing machines, and other appliances, catering to both urban and rural demand. As of FY25, the company had 127 employees on its rolls. Financial performance Umiya Mobile posted robust growth in FY25, with revenue up 33% YoY to Rs 601 crore, and net profit jumping 141% YoY to Rs 5.66 crore. However, margins remain thin, with PAT margin at just 0.94% and EBITDA margin at 1.82%. Use of Proceeds The company plans to use Rs 19 crore from the IPO proceeds to repay or prepay borrowings, and the rest for general corporate purposes. The IPO is managed by Smart Horizon Capital Advisors, with Bigshare Services as the registrar and Shreni Shares as the market maker.
New Indian Express
2 days ago
- Business
- New Indian Express
IPO ahoy!: As many as 14 issues hitting Street this week; 12 listings too
Then comes the much-awaited National Securities Depository's ( NSDL) Rs 4,011 crore issue that will be only an offer-for-sale and will open on July 30. The largest depository company has set Rs 760-800 as the price band, which is almost 28 per cent discount to the grey market price of over Rs 1,100. IDBI Bank, the National Stock Exchange, and the UTI-promoted market infrastructure institution NSDL is looking at mobilizing Rs 4,011.60 crore via the OFS necessitated by the regulatory mandate of not owning more than 15 per cent in a market-making company. While IDBI Bank owns a tad over 26 per cent, NSE owns 24 per cent in the company, which they will pare to 15 per cent each through the 501 million share sale through the OFS. The same day will also see the Rs 792-crore issue of the Mumbai-based real estate firm Sri Lotus Developers & Realty at a price band of Rs 140-150 apiece. Capping the mainboard issues, July 30 will also see a third issue-- the Ahmedabad-based pre-engineered buildings and self-supported roofing solutions firm M&B Engineering's Rs 650-crore issue hitting the street, at a price band of Rs 366-385. In the SME segment, investors will see nine issues with the Rajkot-based smartphones retailer Umiya Mobile, and warehousing and logistics company Repono being the first to hit the Street on July 28. While the former is raising Rs 25 crore through a fixed price issue mechanism, the latter is looking at mopping up Rs 27 crore via a book-building route. July 29 will see the Rs 70-crore issue from the Punjab-based the fabrics supplier Kaytex Fabrics opening. July 30 will have three maiden public issues---Takyon Networks' Rs 20.5-crore issue, Mehul Colours' Rs 22-crore, and BD Industries Pune's Rs 45.5-crore issue. Masterbatches and polymer solutions provider Renol Polychem and outdoor advertising firm Cash Ur Drive Marketing will be the next to launch IPOs on July 31. The former is raising Rs 26 crore and the latter Rs 61 crore. The last public issue in the SME segment this week is from Flysbs Aviation, opening on August 1. Apart from this, IPOs like Brigade Hotel Ventures and Shanti Gold International launched last week, will close on July 28 and 29, respectively. While in the SME segment, Patel Chem Specialities, Shree Refrigerations, and Sellowrap Industries' issues launched on July 25 will remain open till July 29. The week will also witness 12 listings, according to the tentative schedule published by companies at the time of filing RHP. Among them, Indiqube Spaces and GNG Electronics will be on the mainboard on July 30, while Brigade Hotel and Shanti Gold will debut on July 31 and August 1, respectively, both on the mainboards. The remaining eight listings will be from the SME segments, and include Savy Infra Logistics, Swastika Castal (scheduled for July 28), followed by Monarch Surveyors & Engineering Consultants on July 29, and TSC India on July 30.
Indian Express
3 days ago
- Politics
- Indian Express
Gujarat Congress leader files complaint against news channel editor, anchor for defamation
Former Union Minister and newly appointed Congress Legislature Party (CLP) leader in the Gujarat Assembly, Dr Tushar Chaudhary, has lodged a complaint of defamation and under Atrocity Act against the editor of a news channel and an anchor of another on Friday evening. Chaudhary has alleged that the journalists had defamed him and his father, former Chief Minister of Gujarat, the late Amarsinh Chaudhary. The complaint against Jagdish Mehta, group editor of Rajkot-based Headlines News channel, and Gopi Ghanghar, anchor of Ahmedabad-based Nirbhay News channel, was registered in Tapi district. The complaint was registered under Section 356 (Defamation) of the Bharatiya Nyaya Sanhita (BNS) and various sections of Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989. In the FIR, the Congress MLA from Khedbrahma has alleged that in a show aired on July 22 on Nirbhay News, Ghanghar made an objectionable statement against him. He said Mehta consented to the statements, which were 'defamatory for him and the entire tribal community'. He said in the FIR, 'A live news debate video came to my personal assistant's mobile phone on July 22' where the statements were made. Talking to The Indian Express, Chaudhary said, 'My father and I got elected from the ST reserved seat, and we are also leaders of the tribal community. Both the accused had uttered statements defaming me, my father and my entire community, and we will not let this go.' Speaking to The Indian Express, Ghanghar said, 'Chaudhary has lodged a complaint against me and Mehta, and we are also looking into ways to respond to it legally. Till now, I have not received any call from Tapi police.' Deputy Superintendent of Police, SC/ST cell, Tapi district, Nikita Shiroya said, 'We have registered an offence against both the accused. We will first gather the original video footage of the debate so that we can determine the topic of discussion, the statements made, and the context in which they were made. Currently, we are at the stage of collecting evidence, and if necessary, we will again contact the complainant and take his statement. We are also looking for both the accused and will see what they have to say.'
Time of India
21-07-2025
- Business
- Time of India
Spunweb Nonwoven set to debut on NSE SME. GMP hints at healthy listing
Spunweb Nonwoven is set to debut on the NSE SME platform on Monday after closing its Rs 60.98 crore IPO with massive investor interest. The company, which manufactures spunbond nonwoven fabrics used across hygiene, medical, agriculture, and packaging sectors, saw its issue subscribed an extraordinary 251.32 times overall, with retail investors bidding 251.84 times, non-institutional investors 364.58 times, and QIBs 165.43 times. Priced at Rs 96 per share, the IPO was a fresh issue of 63.52 lakh shares. The strong demand from investors has propelled the stock's grey market premium to around 45% ahead of listing, hinting at a robust debut despite broader market volatility. Explore courses from Top Institutes in Select a Course Category healthcare Operations Management Data Science Design Thinking Degree others Cybersecurity MCA Artificial Intelligence Leadership Data Analytics Finance MBA CXO Product Management Technology PGDM Healthcare Others Data Science Digital Marketing Project Management Management Public Policy Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Anchor investors had already backed the offer with a Rs 17.31 crore commitment prior to the opening. In terms of financials, the Rajkot-based company posted a 47% jump in revenue and nearly doubled its profit in FY25. It serves clients across sectors including hygiene, healthcare, and industrial applications, and exports to more than 10 countries. With a scalable business model, strategic global ties, and a focus on value-added fabric solutions, Spunweb Nonwoven is now positioning itself for expansion. Live Events While valuations appear stretched post-listing, the first-mover advantage in a niche market, high capacity utilization, and global customer base may offer long-term tailwinds for the company. All eyes will now be on its market debut and how it sustains investor expectations beyond the initial pop. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
