Uravi T and Wedge Lamps Limited Profile
UVAL has started out growing LED lamps answer for automobile lamps. It has tied up with two essential LED producers in Taiwan and one modern IC manufacturers from China. This collaboration has given a leading edge to us for developing new products and Introducing the same to retail market and OEM simultaneously. M/s UVAL has also taken a giant leap by collaborating with two major LED filament lamp manufactures i.e. from China and Philippines. UVAL shall be launching LED filament lamps which contains a LED technology advantages as well as it retains normal 360ºC light pattern which we all are used to using normal house lamps.
UVAL is forecasting reserved but systematic income growth within the car retail market with annual income growth in the new phase round 10 Million Rs for the year 2017-2018 with an added increase forecast of one hundred% YOY until 2021. UVAL has sensed a fantastic opportunity in LED filament house lamps segment and company shall be Investing appx.
Currently, UVAL is the largest manufacturers of automotive lamps for instrument clusters in India and Also no.2 in terms of automotive signaling and parking lamps considering OEM market. UVAL has step by step increased the product portfolio and simultaneously increased its capacity to cater Indian OEM market. UVAL also tends to start its own distributor network to tap the retail market of automobile lamps which remains untouched so far. UVAL is projecting to add M/s HONDA, M/s Royal Enfield in the customer portfolio and which shall be the growth triggering segment for the Coming two years.
Uravi T and Wedge Lamps Limited Promoters: The promoters of the company are Mr. Niraj Gada, Mr. Kaushik Gada, and Mr. Brijesh Aggarwal.
Uravi T and Wedge Lamps Limited IPO details:
Symbol: UVAL
Issue Size: Initial Public offer of Up to 49,32,000 Equity Shares (including Market Maker share of 2,49,000 Equity Shares)
Face Value: Rs 10
Price Range: Rs 100
Issue Type: Fixed Price
Bid Lot: 1200 Equity Shares and in multiples thereof.
Minimum Order Quantity: 1200 Equity Shares
Issue Period: 16-March-2018 to 20-March-2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Name of the Registrar: Bigshare Services Private Limited
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Listing at: NSE SME
Uravi T and Wedge Lamps Limited Financials:
| Particulars | For the year/period ended (in Rs. lakhs) | ||||
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 3,047.76 | 3,312.90 | 3,297.58 | 3,196.83 | 3,047.74 |
| Total Revenue | 2,916.32 | 2,959.67 | 2,735.65 | 2,584.96 | 2,328.33 |
| Profit After Tax | 104.90 | 93.65 | 82.55 | 57.81 | 72.68 |
Bid Details for UVAL as on 20-Mar-2018 16:15:00 IST
| Sr. No | Category | No of shares bid for |
| 1 | Qualified Institutional Buyers(QIBs) | 34,800 |
| 2 | Non Institutional Investors | 9,75,600 |
| 3 | Retail Individual Investors(RIIs) | 6,97,200 |
| 4 | Employees | – |
| Total | 17,07,600 |
Uravi T and Wedge Lamps Limited Allotment Status:
Uravi T and Wedge Lamps Limited IPO Allotment Date: N/A
Uravi T and Wedge Lamps Limited IPO Listing Date: N/A
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