Precision Camshafts

By Research Desk
about 12 years ago
Precision Camshafts

 

Uma Precision has filed its DRHP with SEBI on 19th April, 2007, for entering the capital market with its Initial Public Offering (IPO) of 40,00,000 equity shares of Rs 10 each for cash at a premium, including an employee reservation of 1,00,000 equity shares. The Issue will be conducted through 100% book building process and the Net Issue to the Public would constitute 27.12% of the fully diluted post-Issue paid-up capital of the Company.

The BRLM to the issue is Karvy Investor Services. The shares are proposed to be listed on the BSE and NSE.

 

The objects of the Issue are to part-finance the new upcoming projects of, Bright Bar Manufacturing, Cold Forging, CNC Machines, Delta Industrial Surface Coating Plant and New Manufacturing plant at Pant Nagar, Uttaranchal. The cost of the project would be approximately Rs. 91.36 crore.

 

Uma is a leading manufacturer and exporter of Precision Assemblies, Systems and Machined parts for auto and electrical industry. It manufactures more than 1000 different components for auto and electrical industries. Its five plants are located in Pune, Ahmednagar and Aurangabad in Maharashtra and Hosur in Tamilnadu. The company supplies auto components to major OEMs in India and also exports to USA, Germany and UAE.

 

Uma has two subsidiaries, Gera Auto Industries Private Limited (GERA) and Kontak Comfort Private Limited (KCPL). GERA is into same line of business as that of Uma while KCPL is into the business of Rubberized Coir Foam Mattresses.

 

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