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Uma Exports makes strong debut in BSE and BSE;  List of shares at 18% premium on the issue price


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%.

This contrasts with the trend seen in the gray market in recent days. On the gray market – an unofficial market for unlisted securities – Uma Exports failed to secure a pre-listing premium. (What Gray Market Really Is)

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
retail investor 10.1
Globally 7.7

First post: STI

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