UMA EXPORTS IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Uma Exports IPO GMP Today, Uma Exports IPO Grey Market Premium Updates | Uma Exports IPO Listing Gain, Latest target, Opening gain

Uma Exports IPO date fixed, the initial public offer (IPO) to hit the market on March 28, 2022. Uma Exports IPO to raise ₹60 crores via IPO that comprises an offer for sale up to – equity shares of Rs 10 each. The retail quota is 35% with QIB 50% and HNI 15%.

Incorporated in 1988, Uma Exports Limited markets, trades and distributes agricultural products including rice, wheat, sugar, spices, dry red chillies, coriander, cumin seeds, food grains, pulses, etc. It is a B2B trader that supplies products to manufacturers, exports, etc. The company imports products like lentils, faba beans, black urad dal, and tur dal in India in bulk quantities from Canada, Australia, and Burma.

The company not just supplies agricultural products domestically but also supplies it in the international markets as it has expanded its business in Malaysia, Sri Lanka, and Bangladesh.

Check out Uma Exports IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Uma Exports IPO Details:

Issuer Uma Exports Limited
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Mar 28, 2022
Issue Closes: Mar 30, 2022
Price Brand ₹65 to ₹68 Per Share
Issue Size ₹60 Crores
Face Value Rs.10 per Equity Share
Market Lot 220 Shares
Maximum Bid amount for Retail ₹194,480
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Listing at NSE & BSE
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Equity Shares
Grey Market Price Uma Exports IPO GMP

Uma Exports IPO GMP Rates day by day

Uma Exports IPO Grey market premium as of today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST
05 APR 2022
04 APR 2022
03 APR 2022
02 APR 2022
01 APR 2022
31 MAR 2022
30 MAR 2022 ₹300 ₹1000
29 MAR 2022 ₹300 ₹1000
28 MAR 2022 ₹300 ₹1100
27 MAR 2022 ₹1100
26 MAR 2022 ₹1100
25 MAR 2022 ₹1100
24 MAR 2022 ₹1100
23 MAR 2022

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Uma Exports IPO Market Lot:

 Lot Size:  Minimum 220 Shares & Maximum 2860 Shares
 Minimum Amount: ₹14,960
 Maximum Amount: ₹194,980

Uma Exports IPO Allotment & Listing:

 Basis of Allotment: Apr 04, 2022
 Refunds: Apr 05, 2022
 Credit to Demat Account: Apr 05, 2022
 Listing Date: Apr 07, 2022

How to Apply for Uma Exports IPO?

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How to Apply the Uma Exports IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Uma Exports”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Uma Exports IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Uma Exports”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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IPO ALLOTMENT TIPS & TRICKS

Check:-Uma Exports IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.

What is Grey Market?

Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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