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Uma Converter IPO GMP, Price, Dates & Allotment Details 2022

Uma Converter IPO GMP, Price, Dates & Allotment Details 2022

Uma Converter IPO opens on December 15 and closes on December 21, 2022. According to the DRHP filed in SEBI, the company is planning to issue 5,580,000 shares of ₹ 10 each, aggregating up to ₹ 18.41 crore through this public issue.

Incorporated in 1999. The company manufactures flexible packaging that is multi-purpose and satisfies the packaging requirements of diverse sectors. Its goods are made from a wide variety of materials that have been certified by the industry, including polyethylene terephthalate, polythene, cast polypropylene, foil, and biodegradable films.

His product line mostly comprises of paper bags, e-commerce bags, stand-up pouches, zip-lock pouches, vacuum pouches, and multi-color pouches.

Fiscal 2022’s operational income is 18,698.56 lakhs.

Objects of the Issue

The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

  1. Funding the Working Capital Requirements of the Company.
  2. General Corporate Purposes.

Financial Highlights (Restated)

ParticularsPeriod ended on 30th Sep 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth5,138.424,812.584,314.253,864.47
Total Assets16,452.3215,140.9213,936.0211,296.41
Total Revenue9,209.5818,720.7915,911.1110,398.45
Profit After Tax324.15494.96445.09281.91
Total Borrowing7,856.057,431.196,543.225,385.15
(All figures in ₹ Lakhs, unless mentioned otherwise)

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Uma Converter IPO – Details

According to the DRHP filed in SEBI, the company is planning to issue 5,580,000 shares of ₹ 10 each, aggregating up to ₹ 18.41 crore through this public issue.

Issue TypeFixed Price Issue IPO
IPO Price₹ 33 per share
Face Value₹ 10 per share
Market Lot4,000 Shares
Issue Size5,580,000 shares of ₹ 10 (Aggregating up to ₹ 18.41 Crore)
Fresh Issue5,580,000 shares of ₹ 10 (Aggregating up to ₹ 18.41 Crore)
NII (HNI) Shares Offered50% of the net offer
Retails Shares Offered50% of the net offer
Listing AtNSE SME
PromotersMr. Sumer Raj Lodha
Mrs. Nirmala Lodha 
Mr. Abhishek Sumerraj Lodha 

GMP Live – Uma Converter IPO

Uma Converter IPO GMP or Grey Market Premium are available here. The SME IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for live GMP.

Tentative Dates – Uma Converter IPO

Uma Converter IPO opens on December 15 and closes on December 21, 2022.

Opening DateDecember 15, 2022
Closing DateDecember 21, 2022
Basis of AllotmentDecember 26, 2022
Initiation of RefundsDecember 27, 2022
Credit of shares to Demat A/cDecember 28, 2022
Listing DateDecember 29, 2022

Lot Size – Uma Converter IPO

The Uma Converter IPO lot size is 4,000 shares. A retail-individual investor can apply for up to 1 lot i.e. 4000 shares or ₹ 132,000.

ApplicationsLotsSharesAmount
Retail (Minimum)14,000₹ 132,000
Retail (Maximum)14,000₹ 132,000
HNI (Minimum)28,000₹ 264,000

Promoters Holdings – Uma Converter IPO

Pre-issue Shares Holdings99.00%
Post-issue Shares Holdings68.86%

SWOT Analysis – Uma Converter IPO

STRENGTHSWEAKNESSES
1. Integrated manufacturer of flexible packaging material with long standing market presence. 
2. Wide-spread domestic market presence 
3. Presence across diverse industry verticals with a long standing relationship with our customers. 
4. Comprehensive product portfolio enables us to serve diverse end-use applications. 
5. Quality Assurance and Quality Control of our products. 
6. Growth led by continuous investment and focus on R&D. 
7. In-house design capabilities and techniques

1. Company depends on few customers for a major source of revenues.
2. Outstanding litigations.
OPPORTUNITIESTHREATS
1. Packaging is among the high growth industries in India.
2. It is expected to grow from US$ 0.073 lakh crore in FY 2020 to US$ 0.205 lakh crore in FY 2025 with a CAGR of 23.05% and becoming a preferred hub for the packaging industry.
1. Extensive government regulation because company products are associated with plastic.
2. Changing technologies.

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Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationUma Converter Limited
Block No. 868, Near CNG Petrol Pump,
Santej Road, Village – Santej,Taluka – Kalol, Gandhinagar- 382 721,
Phone: +91 93 2710 3652
Email: [email protected]
Website: http://www.umaconverter.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Lead Manager(s)GYR Capital Advisors Limited 

FAQ’s

One lot of Uma Converter IPO contains 4,000 shares of ₹ 132,000.

The minimum investment size is one lot for retail investors.

The finalization of Basis of Allotment for Uma Converter IPO will be done on December 26, 2022, and the allotted shares will be credited to your demat account by December 28, 2022. Check the Uma Converter IPO allotment status.

The Uma Converter IPO shares listing date is December 29, 2022.

The investors’ portion for NII (HNI) – 50%, and Retail – 50%.

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