Umiya Mobile SME
Umiya Mobile SME
Umiya Mobile Limited, incorporated in December 2012, is a multi-brand retail company specializing in smartphones, mobile accessories, and consumer durable electronic products. Its product range includes the latest smartphones from leading brands such as Apple, Samsung, Realme, Xiaomi, Oppo, Vivo, Motorola, Google Pixel, and Infinix. They also offer consumer electronics like Smart TVs, Air Conditioners, Refrigerators, and Coolers from brands like Sony, LG, Panasonic, and Godrej. Umiya Mobile operates on a multi-brand retail model, claiming to provide small vendors the opportunity to sell products under various brand names, including Umiya, My Phone, and Phone Plus, without significant upfront costs, upon meeting certain criteria.
Investment Timeline
🤖 Smart Analysis
*AI score is algorithmic and for educational purposes only.
🎯 Application Strategy
Action: ⛔ AVOID - Better opportunities available elsewhere
Lots: NOT RECOMMENDED
⏳ Timing Advice
📊 Monitor subscription trends before applying
Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions.
- General corporate purposes.
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