Uma Precision Ltd Files For IPO With SEBI

Pune: Uma Precision Ltd has registered its draft red herring prospectus with SEBI for foraying the capital market with its initial public offering (IPO) of 40 lakh equity shares of Rs 10 each for cash at a premium, comprising an employee reservation of one lakh equity shares. The issue will be conducted via 100 per cent book building process and the net issue to the public will constitute 27.12 per cent of the fully diluted post-Issue paid - up capital of the company. An official release of the company has stated that up to 50 per cent of the net issue to the public will be available for allocation on a proportionate basis to qualified institutional buyers (QIBs). The book running lead manager is Karvy Investor Services Ltd. The shares will be listed at the Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. Uma Precision Ltd is a manufacturer and exporter of precision assemblies, systems and machined parts for auto and electrical industry and has 1,000 different components for auto and electrical industries.