Ultra Wiring Connectivity IPO – Review, Allotment, Subscription, Price, Date & more
Last Updated Date: Nov 16, 2022Ultra Wiring Connectivity is the leading manufacturer of Connectors in India with High Precision & Quality. The Company has issued 13,76,000 Equity shares of Rs.10 each. Let’s have a detailed review of the company and analytics of the Ultra Wiring Connectivity IPO release date, IPO offer price, subscription, Ultra wiring Connectivity IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is NA. Check the Live Share Price here Ultra Wiring Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Ultra Wiring Connectivity IPO Review & Ratings
| Ultra Wiring ConnectivitityIPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Ultra Wiring Connectivity IPO
Ultra Wiring Connectivity System Limited is one of the leading manufacturer of Connectors in India with High Precision & Quality. At Ultra Wiring Connectivity System Limited, cutting edge technology is core of the company and customer service is the guiding principle. The Company is engaged in the business of manufacturing of Couplers, Connectors and allied products for automobiles. The Company has Manufacturing Plant situated near Delhi at HSIDC Industrial Area, Faridabad. The Company owned a Godown in Pune and an under-construction unit in ‘Industrial Model Town’ of Faridabad. Presently, the Manufacturing Plant is equipped with 26 Fully Automatic- PLC Controlled Injection Moulding Machines supported by a well-equipped Tool-Room, where components are manufactured as per Japanese Standard JASO –D 616-2011 & ISO – 8092. The plant has total capacity of 120-135 lacs couplers per month on 24 hours 3 shift basis presently, being producing 100-110 lacs couplers per month.
The Promoter of this company is Mr. Sanjay Mathur and Mrs. Archana Mathur . The lead manager to the issue is D&A FINANCIAL SERVICES (P) LTD and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Ultra Wiring Connectivity IPO Date
The opening and the closing date of IPO of Ultra Wiring Connectivity is not known yet.
Ultra Wiring Connectivity IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Ultra Wiring Connectivity IPO Allotment Status
The Issue is being made through the Fixed Price Process wherein up to 78,000 Equity Shares shall be reserved for Market Maker upto 72,000 Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.
Ultra Wiring Connectivity IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Ultra Wiring Connectivity IPO Equity Share Offering
13,76,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs ____* Issue Price).
Ultra Wiring Connectivity Limited – Company Overview
Ultra Wiring Connectivity was initially incorporated as a private limited company namely “Ultra Wiring Connectivity Systems Pvt. Ltd.” under the provisions of Companies Act, 1956 vide certificate of incorporation dated June 01, 2005 issued by Registrar of Companies, NCT of Delhi and Haryana bearing registration no 125846. Further, the Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of the Company at the Extra Ordinary General Meeting held on February 16, 2018. A fresh Certificate of Incorporation consequent to conversion was issued on February 27, 2018 by the Registrar of Companies, NCT of Delhi and Haryana and consequently the name of the Company was changed from “Ultra Wiring Connectivity Systems Pvt. Ltd” to “Ultra Wiring Connectivity Systems Ltd”.
Competitive Strengths of Ultra Wiring Connectivity Limited:
- To deliver International Standard Connectors with cost effectiveness & timely delivery of the products
at desired destinations. - To Manufacture Connectors which are Standardized (As per JASO (D616-2011) and ISO 8092-
2/2000E as per specific requirement of the customers. - Be a globally competitive organization providing the best connecting solutions.
Business strategies of Ultra Wiring Connectivity Limited:
- Technology and Operational Excellence.
- Attract and retain talented employee.
- Increased Focus on Oracle based services.
- Strong Business Development and Sales team.
- Develop and maintain relationships with the Clients.
- Enhancing Operating Effectiveness and Efficiency.
Ultra Wiring Connectivity Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 1,525.09 | 1,383.64 | 1,256.83 | 1,214.19 | 1,034.50 |
| Total Revenue | 1,518.20 | 1,393.77 | 1,234.12 | 1,125.91 | 1,106.29 |
| Total Expense | 1,408.59 | 1,314.94 | 1,180.60 | 1,083.91 | 1,067.19 |
| Profit After Tax | 74.83 | 56.54 | 39.93 | 27.46 | 43.16 |
Earnings per Equity Share (in Lakhs)
| 31-mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Basic | 1.95 | 1.48 | 1.04 |
| Diluted | 1.95 | 1.48 | 1.04 |
From the above statements, one could find that the Ultra Wiring Connectivity may perform well.
Ultra Wiring Connectivity IPO – Promoters
The Promoter of this company are:
- Mr. Sanjay Mathur
- Mrs. Archana Mathur
List of Related Parties (Key Managerial Personnel)
- Rajindarr Ahuja
- Aditya Mathur
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Ultra Wiring Connectivity IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 13,76,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 35 aggregating to 4,81,60,000 |
| Of which: | |
| Reserved for Market Makers | 72000 Equity Shares of Rs 10/- each at an issue price. |
| Net Issue to the Public | 6,52000 Equity Shares of Rs 10/- each at an issue price. |
| Of which: | |
| Retail Investors Portion | __ Equity Shares of Rs 10/- each at an Issue Price |
| Non-Retail Investors Portion | ___Equity Shares of Rs 10/- each at an Issue Price. |
| Equity Shares outstanding prior to the Issue | 3827571 Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | 52,03,571 Equity Shares of Rs 10/- each |
Ultra Wiring Connectivity IPO Issue Object
These are the IPO Issue Objects of the company
- For Setting up of New Unit at Plot No. 300, Sector 68, IMT, Faridabad, by setting up a parallel production
line for manufacture of Connector and New Line for manufacturing of Blade Fuse. - Working Capital requirements
- General Corporate Purposes
- Issue Expenses
Ultra Wiring Connectivity IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
-
- One of the leading manufacturer of Connectors in India with High Precision & Quality
- Empowered with experienced Die & Tool Makers, the company follow all necessary Connectors design procedures at par with International Standards
- Manufacturing Connectors which are Standardized (As per JASO (D616-2011) and ISO 8092-2/2000E
- Strong functional knowledge and expertise across industry sectors
- Competitive organization providing the best connecting solutions
- Leveraging the experience of the Promoter
- Experienced management team and a motivated and efficient work force;
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 1.04 | 11.45% | NA |
| 31-Mar-16 | 1.48 | 13.95% | NA |
| 31-Mar-17 | 1.95 | 15.61% | 12.52 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | NA |
| Highest | Na |
| Lowest | NA |
- Competitive Peers:
ltra Wiring Connectivity IPO Lead Managers
| Lead Managers |
| D&A FINANCIAL SERVICES (P) LTD. 13, Community Centre, East of Kailsash New Delhi-110065 Tel: 011-26472557 Fax:011-26219491 Website: www.dnafinserv.co Investor Grievance Email : investors@dnafinserv.com Contact Person: Ms. Radhika Pushkarna SEBI Registration No.INM000011484 |
Ultra Wiring Connectivity IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel: 022-6263 8200 Fax: 022-6263 8299 Contact Person: Mr. Babu Rapheal E-mail:ipo@bigshareonline.com Website: www.bigshareonline.com SEBI Registration No.: INR000001385 |
Other Details:
- Statutory Auditor –Sanmarks & Associates, Chartered Accountants
- Peer Review Auditor –Sanmarks & Associates, Chartered Accountants
- Bankers to the Company – NA
Ultra Wiring Connectivity IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Ultra Wiring Connectivity IPO Grey Market Premium
The Ultra Wiring Connectivity IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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