Uma Converter IPO

Uma Converter IPO

 Uma Converter IPO will open for subscription from 15 December 2022. the company aims for an issue size of ₹18.41 Cr through this IPO.

About Company

The company is engaged in manufacturing flexible packaging material which is multi-functional and caters to the packaging requirements of various industries. Its products are crafted out of an extensive range of industry-approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc.

Uma Converter has two manufacturing units in the state of Gujarat i.e. Unit – I situated at Santej and Unit – II situated at Timba, respectively with a total production capacity of 6,000 metric tons per annum. It commenced export operations in 2006.

Its product portfolio largely consists of multi-color pouches, stand-up pouches, zip-lock pouches, vacuum pouches, paper bags, e-commerce bags, etc. It manufactures packaging material suitable for packaging products manufactured in the food and beverage industry, e-commerce industry, pharmaceutical industry, hygiene, and personal care industry, household industry, and agricultural industry. Our customers are mainly manufacturers functioning in the aforementioned industries.

Basic details about the company

Full nameUma Converter Limited
SectorFast-Moving Consumer Goods
Company Website

The objective of the Issue

  • Funding the Working Capital Requirements of the Company.
  • General Corporate Purposes.

Major Competitive strengths

  • Experienced management team.
  • Diversified product portfolio.
  • Growing potential.

IPO Timetable

IPO Opening date15 December 2022
IPO Closing21 December 2022
Basis of Allotment26 December 2022
Initiation Refund27 December 2022
Credit to Demat Account28 December 2022
Listing Date29 December 2022

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹18.41 Cr – 5,580,000 shares
Fresh Issue₹18.41 Cr – 5,580,000 shares
Offer for saleNil
Face value₹10 per share
Offer price₹33 per share
Lot size4000 Shares
Retail Allocation50%
Listing ExchangeNSE SME

Lot Size

Retail (Min)14000₹132,000
Retail (Max)14000₹132,000
S-HNI (Min)28,000₹264,000

Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 2021FY 2022
Net income2.824.504.98
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio9.79
RONW (%)7.0310.3210.28

Company Promoters

  • Mr. Sumer Raj Lodha
  • Mrs. Nirmala Lodha
  • Mr. Abhishek Sumerraj Lodha

Promoter Holding

Pre Issue Share Holding95%
Post Issue Share Holding68.86%

Lead Manager(s)

  • GYR Capital Advisors Limited

Uma Converter IPO Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra, India
022 – 6263 8200

Uma Converter Contact Details

Block No. 868, Near CNG Petrol Pump,
Santej Road, Village – Santej,
Taluka – Kalol, Gandhinagar- 382 721, Gujarat, India
Phone: +91 93 2710 3652

IPO Allotment Status

Uma Converter IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Final thoughts

Uma Converter IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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