New Delhi, July 31 -- Following the closure of Umiya Mobile's initial public offering (IPO), investor focus has shifted to its allotment status. Umiya Mobile IPO was open for subscription from July 28 to July 30, garnering a tepid response for its Rs.24.88 crore issue. Umiya Mobile IPO allotment date is fixed as today, July 31.

The SME IPO was an entirely fresh issue of 37.70 lakh shares, offering its shares at a fixed price of Rs.66 apiece. The company plans to use the funds raised for repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions and for general corporate purposes.

Smart Horizon Capital Advisors Private Limited is the book-running lead manager of the Umiya Mobil...