On Monday, Uma Exports made a great start in the stock market. The shares of the company were trading at Rs 76 on NSE at the time of listing. That is, a jump of about 11% was seen compared to the IPO. At the same time, the price of one share of the company was Rs 80 in BSE this morning. Which is 17% higher than the IPO.
Also read: The amazing share of Rs 36, 18 lakhs of 1 lakh happened in just so many years
The IPO of Uma Exports opened on Monday, March 28, 2022. Whereas it closed on 30 March 2022. The company had kept the share price between Rs 65 and Rs 68 for the IPO. During March 28-30, retail shares were booked 10 times more.
The company will use the money received through the IPO for corporate business. Let us tell you, Uma Exports does marketing and trading of agricultural goods like turmeric, sugar, wheat, rice, pulses.