The initial public offer (IPO) of Umiya Mobile received bids for 93,84,000 shares as against 37,70,000 shares on offer. The issue was subscribed 2.48 times.
Qualified Institutional Buyers (QIBs) bid for 1,44,000 shares, Non-Institutional Investors (NIIs) for 45,64,000 shares, while individual investors (IND category bidding for 2 lots) placed bids for 46,76,000 shares.
The issue opened for bidding on 28 July 2025 and it closed on 30 July 2025. The price of the IPO was set at Rs 66 per share. The equity shares will list on BSE’s SME platform.
The IPO comprised fresh issue of 37,70,000 equity shares. The promoter and promoter group shareholding diluted to 73.49% from 100% pre-issue.
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.