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 name | Uma Converter Limited |
| Sector | Fast-Moving Consumer Goods |
| Industry | Packing |
| Company Website | http://www.umaconverter.com/ |
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 date | 15 December 2022 |
| IPO Closing | 21 December 2022 |
| Basis of Allotment | 26 December 2022 |
| Initiation Refund | 27 December 2022 |
| Credit to Demat Account | 28 December 2022 |
| Listing Date | 29 December 2022 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹18.41 Cr – 5,580,000 shares |
| Fresh Issue | ₹18.41 Cr – 5,580,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹33 per share |
| Lot size | 4000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹132,000 |
| Retail (Max) | 1 | 4000 | ₹132,000 |
| S-HNI (Min) | 2 | 8,000 | ₹264,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 103.59 | 158.13 | 186.99 |
| Expenses | 100.13 | 153.35 | 180.27 |
| Net income | 2.82 | 4.50 | 4.98 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.07 | 3.03 | 3.37 |
| PE ratio | – | – | 9.79 |
| RONW (%) | 7.03 | 10.32 | 10.28 |
| NAV | – | – | 29.36 |
Company Promoters
- Mr. Sumer Raj Lodha
- Mrs. Nirmala Lodha
- Mr. Abhishek Sumerraj Lodha
Promoter Holding
| Pre Issue Share Holding | 95% |
| Post Issue Share Holding | 68.86% |
Lead Manager(s)
- GYR Capital Advisors Limited
Uma Converter IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra, India
Phone: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Uma Converter Contact Details
UMA CONVERTER LIMITED
Block No. 868, Near CNG Petrol Pump,
Santej Road, Village – Santej,
Taluka – Kalol, Gandhinagar- 382 721, Gujarat, India
Phone: +91 93 2710 3652
E-mail: cs@umaconverter.com
Website: www.umaconverter.com
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
