Agricultural commodity trader and distributor Uma Exports made its strong secondary market debut on Thursday. Uma Exports stock debuted on BSE at Rs 80, a 17.6% premium to its issue price of Rs 68. On NSE, Uma shares started their journey at Rs 76 , a premium of 11.8%.
Uma Exports’ IPO, open for auction from March 28-30, saw an aggregate subscription of 7.7 times the shares on offer.
Under the public offering, shares of Uma Exports were available at auction in a price range of Rs 65-68.
Here’s how investors reacted to Uma Exports’ IPO:
|Category||Subscription (Number of times shares offered)|
|Qualified Institutional Buyer (QIB)||2.8|
|Non-Institutional Investor (NII)||2.2|
First post: STI