Ultra Wiring Connectivity Systems (IPO) is all about to make its debut on 12 Oct 2018, with an issue size of 4.82CR.
Ultra Wiring Connectivity Systems (IPO), situated in Haryana, was founded in 2005 and is a manufacturer of Couplers, Connectors, and ancillary goods for autos. The manufacturing plant of the company is located in Faridabad, near Delhi. The facility has a monthly capacity of 120-135 lakh couplers. It has a Godown in Pune and an unfinished unit in Faridabad.
Ultra Wiring manufactures Couplers for the majority of India’s vehicle manufacturers, including Tata Motors, Maruti Udyog, Bajaj Auto, TVS Motors, and Kinetic Engg, among others.
Industry Overview
The wiring harness industry in India has been growing rapidly in recent years, driven by the increasing demand for automobiles, particularly two-wheelers and passenger cars. The demand for wiring harnesses is also increasing in the aerospace and defense industries, where they are used in a wide range of applications such as communication systems, navigation systems, and electronic warfare systems.
The Indian government has also taken several initiatives to promote the growth of the wiring harness industry in the country. For instance, the government’s “Make in India” program aims to boost domestic manufacturing and increase the share of manufacturing in India’s GDP. The government has also implemented various policies and schemes to promote the use of electric vehicles, which is expected to drive the demand for wiring harnesses in the coming years.
Ultra Wiring Connectivity IPO Details
| IPO Date | Oct 12, 2018 to Oct 17, 2018 |
| Listing Date | Oct 26, 2018 |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,376,000 shares(aggregating up to ₹4.82 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 28-Feb-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 1,841.81 | 1,525.09 | 1,386.64 | 1,256.83 | 1,214.19 | 1,034.50 |
| Total Revenue | 1,626.78 | 1,518.20 | 1,393.77 | 1,234.12 | 1,125.91 | 1,106.29 |
| Profit After Tax | 104.21 | 74.83 | 56.54 | 39.93 | 27.46 | 43.16 |
Objects of the Issue
The objects of the Issue are-
1. For Setting up of New Unit by setting up a parallel production line for the manufacture of Connector and New Line for manufacturing of Blade Fuse- Rs 301.92 lakhs
2. Working Capital requirements- Rs 120.00 lakhs
3. General Corporate Purposes and- Rs 19.68 lakhs
4. Issue Expenses- Rs 40 lakhs
Ultra Wiring Connectivity IPO Prospectus
Company Contact Information
Ultra Wiring Connectivity Systems Limited
Plot No. 287, 287-A&B
Sector-59, HSIDC Industrial Estate,
Ballabgarh, Faridabad-121004
Phone: 91-129-4000362
Email: info@ultrawiring.com
Website: http://www.ultrawiring.com/
Ultra Wiring Connectivity IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Ultra Wiring Connectivity IPO Lead Manager(s)
- D and A Financial Services Private Ltd (Past IPO Performance)
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