Uma Converter IPO

Closed

Subscription Details

  • Open Date 15 Dec
  • Close Date 21 Dec
  • IPO Size ₹ 18.41 Cr
  • IPO Price Range ₹ 33

Uma Converter IPO Subscription Status

Date NII Retail TOTAL
15-Dec-22 0.99x 0.33x 0.66x
16-Dec-22 1.66x 0.73x 1.20x
19-Dec-22 1.97x 2.96x 2.47x
20-Dec-22 2.40x 5.12x 3.76x
21-Dec-22 15.50x 17.82x 16.66x

IPO Synopsis

Uma Converter IPO opens on Dec 15, 2022, and closes on Dec 21, 2022. The issue size of Rs. 18.41 cr consists of a fresh issuance of 5,580,000 equity shares. The issue’s lot size is set at 4000 shares per lot and the price is fixed at Rs. 33 per share. The issue will be on NSE SME on 29th December while the shares will be allotted on 26th December. GYR Capital Advisors Ltd are lead book manager for the issue. 

Objective of the Issue

The net proceeds from the Issue towards the following:

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

About Uma Converter

Uma Converter is engaged in manufacturing flexible packaging material which is multi-functional and caters to the packaging requirements of various industries. The company products are crafted out of an extensive range of industry-approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, biodegradable films, etc. Since flexible packaging material predominantly consists of plastic as a major raw material.

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.

It exports it products to countries such as Saudi Arabia, Australia, Senegal and the United States of America. The key customers are well known brands in the food, beverage and household industry for manufacturing inter alia dairy products; biscuits, cakes and rusks; namkeens; frozen snacks and essential products such as tea, spices, rice etc. In the hygiene and personal care industry our key customers are leading manufacturers of inner wear and hair and skin care products. 
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue from operations 187.0 158.1 103.6
EBITDA 16.6 14.4 10.6
PAT 6.9 5.8 3.9
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 151.4 139.4 113.0
Share Capital 14.7 14.7 14.7
Total Borrowings 74.3 65.4 53.9
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 2.2 -0.3 9.8
Net cash from / (used in) investing activities -6.8 -7.0 -25.8
Net cash flow from / (used in) financing activities 3.9 7.7 16.2
Net increase (decrease) in cash and cash equivalents -0.6 0.3 0.2

Peer Comparison

Name of the Company Total Income (in Rs. Crores) Basic EPS CMP Rs. per share PE RoNW%
Uma Converter Limited 186.99 3.37 NA NA 0.10%
Uflex Limited 13,236.79 152.09 716.95 4.71 8.60%
Mold-Tek Packaging Limited 633.03 22.12 917.65 41.49 16.73%


IPO Key Points

  • Strengths

    •    Integrated manufacturer of flexible packaging material with long standing market presence
    •    Wide-spread domestic market presence
    •    Presence across diverse industry verticals with long standing relationship with ITS customers 
    •    Comprehensive product portfolio enables it to serve diverse end-use applications
    •    In-house design capabilities and techniques
     

  • Risks

    •    Reduction in the demand of the products
    •    An increase in the productivity and overall efficiency of its competitors
    •    Changes in technology and its ability to manage any disruption or failure of its technology systems
    •    Loss of one or more of its key customers
    •    Termination of customer/works contracts without cause and with little or no notice or penalty
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

IPO FAQs

What is the price band of the IPO?

The price of the IPO is set at Rs. 33 per share

When does the Uma Converter IPO issue open and close?

The Uma Converter IPO opens on 15th December, and the closes on 21st December.

What is the size of Uma Converter IPO issue?

The issue size of Rs. 18.41 cr consists of a fresh issuance of 5,580,000 equity shares.

What is the allotment date of Uma Converter IPO?

The allotment date is set for 26th December

What is the Uma Converter IPO’s listing date?

The issue will be listed on 29th December

What is the lot size and investment required for the IPO?

The Uma Converter IPO market lot size 4000 shares per lot. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹132,000).

What is the objective of the issue?

The proceeds will be used for:
•    Funding the Working Capital Requirements of the Company
•    General Corporate Purposes
 

How to apply for the Uma Converter IPO?

To apply for the IPO, follow the steps given below
•    Login to your 5paisa account and select the issue in the current IPO section
•    Enter the number of lots and price at which you wish to apply for
•    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
•    You will receive a mandate notification to block funds in your UPI app
 

Who are the promoters/key personnels of Uma Converter?

Uma Converter is promoted by Mr. Sumer Raj Lodha, Mrs. Nirmala Lodha and Mr. Abhishek Sumerraj Lodha.

Who are the book runners for Uma Converter IPO?

GYR Capital Advisors Ltd is the book running lead managers to the issue.

Contact Details of Uma Converter IPO

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 Register

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Uma Converter IPO Lead Manager

GYR Capital Advisors Limited 

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