Agriculture is the primary source of livelihood for about 58% of India\u2019s population. As per a survey, food grain production in the country totalled 296.65 million tonnes in 2020, up by 11.44 million tonnes compared to 2019.<\/p>\n\n\n\n
India is among the 15 leading exporters of agricultural products in the world. The country\u2019s total agricultural exports were $38.54 billion in 2019 and $35.09 billion in 2020.<\/p>\n\n\n\n
Uma Exports Limited recently submitted a draft red herring prospectus with the Securities and Exchange Board of India for an initial public. The offer doesn\u2019t include any fresh shares, rather there is an offer for the sale of shares aggregating up to \u20b9600 million by the promoters.<\/p>\n\n\n\n
Uma Exports plans to utilize \u20b9500 million from the net proceeds to fund working capital requirements and the remaining amount for general corporate purposes.<\/p>\n\n\n\n
Uma Exports was initially incorporated as a private company under the name Uma Exports Pvt. Ltd., which was engaged in the export of building materials like marble, granite and marble chips, mainly to Bangladesh.<\/p>\n\n\n\n
The Kolkata-based company diversified its business into the export of agricultural produce and commodities in 1997. Since then, the company has been exporting commodities like rice, wheat, sugar and spices. It has also explored business opportunities in Malaysia and Sri Lanka.<\/p>\n\n\n\n
Uma Exports is a market leader in agro commodities trading, which allows it to plan and switch exports\/imports from one commodity to another in response to changes in demand or pricing discrepancy.<\/p>\n\n\n\n
In the year ended March 31, 2021, the company generated revenues of \u20b97.52 billion, compared to \u20b98.10 billion in the previous year. Meanwhile, net profit rose to \u20b9122 million from \u20b983.2 million in 2020.<\/p>\n\n\n\n
The company\u2019s heavy reliance on the domestic market for the procurement of agricultural produce and commodities makes the business vulnerable to market volatilities and the general risks associated with the procurement of agricultural goods. It can also lead to cost escalation and cash burn. Though backward integration is a potential solution, it is inefficient and unorganized in India.<\/p>\n","protected":false},"excerpt":{"rendered":"
Agriculture is the primary source of livelihood for about 58% of India\u2019s population. As per a survey, food grain production in the country totalled 296.65 million tonnes in 2020, up by 11.44 million tonnes compared to 2019. India is among the 15 leading exporters of agricultural products in the world. The country\u2019s total agricultural exports […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5748,12,10444],"tags":[8880,368,1703,8585,8248],"class_list":["post-125059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-other-industries","category-others","tag-agriculture","tag-commodity","tag-construction","tag-construction-products","tag-ipo"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128249,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-dharmaj-crop-guard-files-papers-for-%e2%82%b9300-crore-public-listing\/","url_meta":{"origin":125059,"position":0},"title":"IPO Alert: Dharmaj Crop Guard files papers for \u20b9300-crore public listing","author":"Nishad","date":"March 14, 2022","format":false,"excerpt":"The global pesticides market has grown at a compound annual rate of 4.3% to $67 billion in 2020 from $57 billion in 2016. It is expected to grow1.6-1.8% through 2024 and reach about $71-$72 billion. 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Growth in this sector is driven by a growing geriatric population, rising prevalence of peripheral arterial disease, and technological advancements in the field of stents and\u2026","rel":"","context":"In "Health Care"","block_context":{"text":"Health Care","link":"https:\/\/alphastreet.com\/india\/category\/healthcare-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124737,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-awl-files-papers-to-raise-%e2%82%b94500-cr\/","url_meta":{"origin":125059,"position":2},"title":"IPO Alert: AWL files papers to raise \u20b94,500 cr","author":"Nishadkishore","date":"August 11, 2021","format":false,"excerpt":"The size of the Indian packaged food retail market was about \u20b96 trillion in fiscal 2020, which contributed about 15% to the entire food and grocery segment. 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The Indian aerospace & defence (A&D) market is projected to reach approximately $70 billion by 2030, driven by the rapid demand for advanced infrastructure and government thrust. 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The country\u2019s electronics manufacturing sector was estimated at \u20b94.9 trillion at the end of fiscal 2021. 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