Latest news with #UmiyaMobile
Economic Times
2 days 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
2 days 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.
