Umiya Mobile IPO analysis: Fair valuation, solid subscription, but no listing buzz

Umiya Mobile Limited, a Gujarat-based multi-brand electronics retailer established in 2012, has concluded its IPO with a strong response from investors, closing with 42.67 times subscription on July 30, 2025. The ₹24.88 crore Fixed Price Issue, with a set price of ₹66 per equity share, consisted entirely of a fresh issue of 37.70 lakh shares.

Despite impressive financial growth and strong subscription numbers, the Grey Market Premium (GMP) is ₹0, suggesting that the stock may list at its issue price without any significant gain.

IPO details and issue objectives

The IPO opened on July 28 and closed on July 30, with the listing expected on BSE SME on August 4, 2025. The minimum investment amount was ₹2,64,000 (4,000 shares or 2 lots).

• Issue Type: Fixed Price

• Price per Share: ₹66

• IPO Size: ₹24.88 crore

• Lot Size: 2,000 shares

• Lead Manager: Smart Horizon Capital Advisors Pvt Ltd

• Registrar: Bigshare Services Pvt Ltd

• Market Maker: Shreni Shares Ltd

Objectives of the issue include:

1. ₹19 crore for repayment or prepayment of borrowings

2. ₹2.27 crore for general corporate purposes

Company overview and promoters

Umiya Mobile has built a strong presence in the retail space, offering top-tier brands like Apple, Samsung, Xiaomi, Oppo, Vivo, and Google Pixel across smartphones and accessories.

The company is promoted by Mr. Jadwani Kishorbhai Premjibhai, Mr. Jadvani Girishkumar Premjibhai, and Mr. Vijesh Premjibhai Patel — all with 12+ years of experience in electronics retail and trading.

Strong financials but subdued listing sentiment

Umiya Mobile’s financials indicate robust performance:

Key financial ratios (FY24):

• EPS (pre-issue): ₹5.42

• EPS (post-issue): ₹3.98

• P/E (pre-issue): 12.17x

• P/E (post-issue): 16.57x

• Industry P/E: 22x

• ROCE: 27.64%

• ROE: 50.79%

• RoNW: 40.51%

While the valuation seems fair, the absence of listing momentum may deter short-term investors.

Grey Market Premium and Listing Outlook

As per the latest GMP data, the IPO shows ₹0 GMP, suggesting no premium in the unlisted market.

Analysts note that GMP is unregulated and unofficial, and not a reliable predictor of listing price.

IPO Allotment: How to check

Allotment will be finalized by July 31, 2025, and investors can check status via the registrar’s website:

Steps to check allotment:

1. Go to IPO allotment portal

2. Select Umiya Mobile Limited IPO

3. Enter Application No./PAN/DP Client ID

4. Click on submit to view allotment

Analyst recommendation: Avoid for listing gains

Given the lack of GMP, despite good financials and high ROE, analysts suggest investors avoid applying solely for listing gains.

However, long-term investors with high-risk appetite may consider the stock post-listing, based on fundamentals.

Disclaimer

The above analysis is for educational and informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Kindly consult your financial advisor before investing.

The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Parth Electricals & Engineering, Jyoti Global Plast, Essex Marine, Aaradhya Disposal Industries.

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