Uravi T and Wedge Lamps IPO is set to make its debut on 16th March 18 with 28.99cr is a Mumbai based company engaged in manufacturing and distribution of lamps and lighting products.
Uravi T and Wedge Lamps IPO – overview
| IPO Dates | 16-20 March 18 |
| IPO Price | INR 100 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,500,000 shares (INR 15 crore) |
| Minimum bid (lot size) | 1200 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in the year 2004, Uravi T and Wedge Lamps Limited, is a Mumbai based company engaged in manufacturing and distribution of lamps and lighting products 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. It is ISO/TS certified and hold certifications from the Automotive Research Association of India and E-mark for the products manufactured.
Uravi has recently entered into a co-operation agreement with a Philippines based company named Global Lighting Phils. Inc for developing LED lighting products vertical of our company. The LED lamps are manufactured by Global Lighting Phils. Inc. under the brand name UVAL and are imported, distributed and sold in India by the company.
The company began its operations with a rented manufacturing unit at Navi Mumbai in Maharashtra and subsequently purchased manufacturing units at Bhiwandi, Thane and shifted the manufacturing operations to this unit. Recently it acquired factory premises on a long lease basis in Kathua, situated in the State of Jammu and Kashmir.
As on September 30, 2017, the Company had 105 employees on payroll and 180 employees on contract basis.
Objects of the Issue
1.Funding Long-Term Working Capital Requirement
2.Funding expenditure for General Corporate Purposes
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 3,047.76 | 3,312.90 | 3,297.58 |
| Total Revenue | 2,916.32 | 2,959.67 | 2,735.65 |
| Profit After Tax | 104.90 | 93.65 | 82.55 |
Company Contact Information
Uravi T and Wedge Lamps Ltd
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: http://www.uravilamps.com
Uravi T and Wedge Lamps IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Uravi T and Wedge Lamps IPO Lead Manager(s)
- Aryaman Financial Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
