Today, Shares of Uma Exports made their stock market debut with the stock listing at Rs 76 on the NSE, a premium of over 11 per cent compared to its IPO issue price of Rs 68 per share. On BSE, Uma Exports shares started trading at Rs 80 apiece, up 17 per cent from the issue price.

The three-day initial public offering (IPO) of Uma Exports opened last week on Monday, March 28, 2022, and concluded on March 30, 2022. The company had fixed the price band of the public issue at ₹65 to ₹68 per equity share. After three days of bidding, the initial share sale was subscribed 7.67 times overall, whereas the retail investors’ category was booked over ten times. The company had said it plans to utilise net proceeds from the issue to augment working capital requirements and general corporate purposes.

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Uma Exports is engaged in trading and marketing agricultural produce and commodities such as sugar, spices like dry red chillies, turmeric, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses, and agricultural feed like soybean meal and rice bran de-oiled cake.