The initial public offer (IPO) of Umiya Mobile received bids for 4,96,000 shares as against 37,70,000 shares on offer, as per BSE data as of 17:00 hours on Monday (28 July 2025). The issue was subscribed 0.13 times.
The issue opened for bidding on Monday (28 July 2025) and it will close on Wednesday (30 July 2025). The price of the IPO is fixed at Rs 66 per share. The minimum order quantity is 2,000 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 37,70,000 equity shares. The promoter and promoter group shareholding will dilute to 73.49% from 100% pre-issue.
About 1,90,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 35,80,000 equity shares. The issue and the net issue will constitute 26.51% and 25.18%, respectively, of the post issue paid up equity share capital of the company.
The company intends to utilize the net proceeds for the repayment or prepayment, in whole or in part, of borrowings obtained from banks and financial institutions, as well as for general corporate purposes.
Umiya Mobile is a player in the multi-brand retail sector, specializing in the sale of smartphones, mobile accessories, consumer durable electronic products, etc. Over the years, the company has built a reputation as a trusted retailer offering a wide array of products from some of the global brands. Its product range includes the latest smartphones from Apple, Samsung, Realme, Xiaomi, Oppo, Vivo, Motorola, Google Pixel, Infinix etc. It also offers consumer electronics, such as smart TVs, air conditioners, refrigerators, coolers, and more, from brands like Sony, LG, Panasonic, Godrej, and others. As of 31 March 2025, the company had around 127 employees on a payroll basis.
The company recorded revenue from operations of Rs 601.16 crore and net profit of Rs 5.66 crore for the period ended 31 March 2025.