UMA production and commodity traders of UMA have a good debut because shares are listed with a premium of 17.65 percent of the problem price.

Stocks opened at RS 80 in BSE and the opening check on the national stock exchange is Rs 76, with the price of the issue of Rs 68 per share.

It is registered in the trade-for-trade segment, where stock has a 5 percent circuit on both sides compared to the opening price. “The scrip will be in the trade-for-trade segment for 10 trading days,” said the exchange in the circulation.

UMA exports have collected Hospital 60 Crore through its public problems that will be used for working capital requirements.

The offer, which subscribed to 7.67 times over March 28-30, has a ribbon price of Rs 65-68 per share.

All brokers have a ‘avoid’ rating on this problem considering the competitive environment, low margin profiles, and high debt in books.

“We set the” avoid “ranking to this IPO because the company operates in a competitive environment with a low margin profile (EBITDA margin 2.83 percent in FY21) and does not offer many values ​​to investors,” Marwadi’s financial services said.

Choice broking also said, “Considering a lower trade margin, the company’s business seems unsustainable. Thus we assign the ‘avoid’ rating for this problem.”

UMA exports involved in trade and marketing of agricultural products and commodities such as sugar, spices such as dry red chili, turmeric, coriander, cumin seeds, food grains such as rice, wheat, corn, sorghum, pulses and farm foods such as soybean food and Padi de-oiled cake.

On September 30, 2021, it had an incredible total funding debt of Rs 56.28 Crore, against RS 38.62 Crore in March 2021.

It has registered revenue growth in CAGR 51 percent and profit grows in 105 percent CAGR during FY19 and FY21.