Uma Converter Limited IPO Detail
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 Promoters
Mr. Sumer Raj Lodha, Mrs. Nirmala Lodha and Mr. Abhishek Sumerraj Lodha are the company promoters.IPO Details
| IPO Opening Date | Dec 15, 2022 |
| IPO Closing Date | Dec 21, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹33 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹18.41 Cr |
| Fresh Issue | 5,580,000 shares of ₹10 (aggregating up to ₹18.41 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.99x | 0.33x | 0.66x | |
| Day 2 | - | - | 1.66x | 0.73x | 1.20x | |
| Day 3 | - | - | 1.97x | 2.93x | 2.45x | |
| Day 4 | - | - | 2.40x | 5.12x | 3.76x | |
| Day 5 | - | - | 15.50x | 17.82x | 16.66x |
IPO Tentative Timetable
The Uma Converter Limited IPO open date is Dec 15, 2022, and the close date is Dec 21, 2022. The issue may list on Dec 29, 2022.
| IPO Open Date | Dec 15, 2022 |
| IPO Close Date | Dec 21, 2022 |
| Basis of Allotment Date | Dec 26, 2022 |
| Initiation of Refunds | Dec 27, 2022 |
| Credit of Shares to Demat Account | Dec 28, 2022 |
| IPO Listing Date | Dec 29, 2022 |
IPO Lot Size
The Uma Converter Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹132000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹132000 |
| Maximum | 1 | 4000 | ₹132000 |
IPO Promoter Holding
| Pre Issue Share Holding | 95.00% |
| Post Issue Share Holding | 68.86% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 13936.02 | 15911.11 | 445.09 |
| 31-Mar-22 | 15140.92 | 18720.79 | 494.96 |
| 30-Sep-22 | 16452.32 | 9209.58 | 324.15 |
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Uma Converter Limited IPO Lead Manager(s):
GYR Capital Advisors Limited
Company Contact Information:
Uma Converter Limited
Block No. 868, Near CNG Petrol Pump, Santej Road, Village - Santej
Kalol
Gandhinagar
