Incorporated in 2000, Uma Converter Limited is engaged in manufacturing flexible packaging material. The company product portfolio includes multi-colour pouches, stand-up pouches, zip-lock pouches, vacuum pouches, paper bags, e-commerce bags, etc.
The company is also engaged in manufacturing and carrying out various printing and lamination processes for third parties on a job-work basis.
The company has also executed a service agreement with Ambuja Cements Limited for the disposal of plastic waste in an environmentally friendly manner in the cement kiln process at high temperatures and long residence time, while simultaneously manufacturing cement of desired quality.
Uma Converter Limited 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.
The company’s R&D Division is located in Unit- I as well as in Unit – II to implement a performance-oriented approach with the help of technologies developed in-house.
The company operate from two manufacturing units located in Gujarat namely, Unit – I situated at Santej and Unit – II situated at Timba, respectively and has a quality control and assurance division (” Quality Division”) in all the manufacturing units.
The revenues from operations for Fiscals 2022, 2021 and 2020 were Rs 18,698.56 lakhs, Rs 15,813.30 lakhs and Rs 10,359.10 lakhs respectively.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 11296.41 | 10398.45 | 281.91 | 3864.47 | 5385.15 |
| 31-Mar-21 | 13936.02 | 15911.11 | 445.09 | 4314.25 | 6543.22 |
| 31-Mar-22 | 15140.92 | 18720.79 | 494.96 | 4812.58 | 7431.19 |
| 30-Sep-22 | 16452.32 | 9209.58 | 324.15 | 5138.42 | 7856.05 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1. Funding the Working Capital Requirements of the Company.
2. General Corporate Purposes.
Uma Converter IPO Details
| IPO Date | Dec 15, 2022 to Dec 21, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹33 per share |
| Lot Size | 4000 Shares |
| Issue Size | 5,580,000 shares of ₹10 (aggregating up to ₹18.41 Cr) |
| Fresh Issue | 5,580,000 shares of ₹10 (aggregating up to ₹18.41 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | SMC GLOBAL SECURITIES LTD. |
| Company Promoters | Mr. Sumer Raj Lodha, Mrs. Nirmala Lodha and Mr. Abhishek Sumerraj Lodha are the company promoters. |
Uma Converter IPO Tentative Timetable
Uma Converter IPO opens on Dec 15, 2022, and closes on Dec 21, 2022. The Uma Converter IPO bid date is from Dec 15, 2022 10.00 A.M. to Dec 21, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 15, 2022 |
| Closing Date | Dec 21, 2022 |
| Basis of Allotment | Dec 26, 2022 |
| Initiation of Refunds | Dec 27, 2022 |
| Credit of Shares to Demat | Dec 28, 2022 |
| Listing Date | Dec 29, 2022 |
Uma Converter IPO Lot Size
The Uma Converter IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹132,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹132,000 |
| Retail (Max) | 1 | 4000 | ₹132,000 |
| HNI (Min) | 2 | 8,000 | ₹264,000 |
Uma Converter IPO Promoter Holding
| Pre Issue Share Holding | 95.00% |
| Post Issue Share Holding | 68.86% |
Uma Converter IPO Review
The company is operating in a highly competitive and fragmented segment. The sustainability of margins going forward raises concern. The IPO appears fully priced, and higher spending for the issue process indicates IPO funding arrangements hinting alert. There is no harm in skipping this IPO. Read detail review…
Uma Converter IPO Subscription Status (Bidding Detail)
The Uma Converter IPO is subscribed 0.10 times on Dec 15, 2022 3:14:00 PM. The public issue subscribed 0.17 times in the retail category, times in the QIB category, and 0.03 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 0.03 |
| Retail | 0.17 |
| Total | 0.10 |
Uma Converter IPO Prospectus
Company Contact Information
Uma Converter Limited
Block No. 868, Near CNG Petrol Pump,
Santej Road, Village – Santej,
Taluka – Kalol, Gandhinagar- 382 721,
Phone: +91 93 2710 3652
Email: cs@umaconverter.com
Website: http://www.umaconverter.com/
Uma Converter IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com