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:
- Funding the Working Capital Requirements of the Company.
- General Corporate Purposes.
Financial Highlights (Restated)
| Particulars | Period ended on 30th Sep 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 5,138.42 | 4,812.58 | 4,314.25 | 3,864.47 |
| Total Assets | 16,452.32 | 15,140.92 | 13,936.02 | 11,296.41 |
| Total Revenue | 9,209.58 | 18,720.79 | 15,911.11 | 10,398.45 |
| Profit After Tax | 324.15 | 494.96 | 445.09 | 281.91 |
| Total Borrowing | 7,856.05 | 7,431.19 | 6,543.22 | 5,385.15 |
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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 Type | Fixed Price Issue IPO |
| IPO Price | ₹ 33 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 4,000 Shares |
| Issue Size | 5,580,000 shares of ₹ 10 (Aggregating up to ₹ 18.41 Crore) |
| Fresh Issue | 5,580,000 shares of ₹ 10 (Aggregating up to ₹ 18.41 Crore) |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retails Shares Offered | 50% of the net offer |
| Listing At | NSE SME |
| Promoters | Mr. 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 Date | December 15, 2022 |
| Closing Date | December 21, 2022 |
| Basis of Allotment | December 26, 2022 |
| Initiation of Refunds | December 27, 2022 |
| Credit of shares to Demat A/c | December 28, 2022 |
| Listing Date | December 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 4,000 | ₹ 132,000 |
| Retail (Maximum) | 1 | 4,000 | ₹ 132,000 |
| HNI (Minimum) | 2 | 8,000 | ₹ 264,000 |
Promoters Holdings – Uma Converter IPO
| Pre-issue Shares Holdings | 99.00% |
| Post-issue Shares Holdings | 68.86% |
SWOT Analysis – Uma Converter IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 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. |
| OPPORTUNITIES | THREATS |
| 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 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: [email protected] Website: http://www.umaconverter.com/ |
| IPO Registrar | Bigshare 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
What will be the Uma Converter IPO lot size?
One lot of Uma Converter IPO contains 4,000 shares of ₹ 132,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Uma Converter IPO allotment be available?
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.
When will Uma Converter IPO list on exchanges?
The Uma Converter IPO shares listing date is December 29, 2022.
How many shares in Uma Converter IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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