Uma Converter IPO
IPO Details
- Open Date 15-Dec-23
- Close Date 21-Dec-23
- Lot Size -
- IPO Size ₹ 18.41 Cr
- IPO Price Range ₹ 33
- Min Investment -
- Listing Exchange -
- Basis of Allotment TBA
- Refunds TBA
- Credit to Demat Account TBA
- Listing Date TBA
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.
Uma Converter Financial Status
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
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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