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Uma Converter Limited IPO (Uma Converter IPO) Detail

December 15, 2022 - December 21, 2022

Uma Converter IPO is a fixed price issue of Rs 18.41 crores. The issue is entirely a fresh issue of 55.8 lakh shares.

Uma Converter IPO bidding started from December 15, 2022 and ended on December 21, 2022. The allotment for Uma Converter IPO was finalized on Monday, December 26, 2022. The shares got listed on NSE SME on December 29, 2022.

Uma Converter IPO price is ₹33 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹264,000.

GYR Capital Advisors Private Limited is the book running lead manager of the Uma Converter IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Uma Converter IPO is Smc Global Securities.

Refer to Uma Converter IPO RHP for detailed information.

Uma Converter IPO Details

IPO Date December 15, 2022 to December 21, 2022
Listing Date December 29, 2022
Face Value ₹10 per share
Price ₹33 per share
Lot Size 4000 Shares
Total Issue Size5,580,000 shares
(aggregating up to ₹18.41 Cr)
Fresh Issue5,580,000 shares
(aggregating up to ₹18.41 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion300,000 shares
Smc Global Securities

Uma Converter IPO Reservation

Uma Converter IPO offers 5,580,000 shares. 2,640,000 (47.31%) to NII, 2,640,000 (47.31%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered300,000 (5.38%)
Other Shares Offered2,640,000 (47.31%)
Retail Shares Offered2,640,000 (47.31%)
Total Shares Offered5,580,000 (100%)

Uma Converter IPO Timeline (Tentative Schedule)

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

IPO Open Date Thursday, December 15, 2022
IPO Close Date Wednesday, December 21, 2022
Basis of Allotment Monday, December 26, 2022
Initiation of Refunds Tuesday, December 27, 2022
Credit of Shares to Demat Wednesday, December 28, 2022
Listing Date Thursday, December 29, 2022
Cut-off time for UPI mandate confirmation 5 PM on December 21, 2022

Uma Converter IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹132,000
Retail (Max) 1 4000 ₹132,000
HNI (Min) 2 8,000 ₹264,000
Lot Size Calculator

Uma Converter IPO Promoter Holding

Mr. Sumer Raj Lodha, Mrs. Nirmala Lodha and Mr. Abhishek Sumerraj Lodha are the company promoters.

Share Holding Pre Issue 95.00%
Share Holding Post Issue 68.86%

About Uma Converter Limited

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 Financials

Uma Converter Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Uma Converter IPO is Rs 66.91 Cr.

Pre IPO Post IPO
P/E (x) 10.31

Objects of the Issue (Uma Converter IPO Objectives)

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 IPO Review (Avoid)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment. The sustainability of margins going forward raises concern. The IPO appears fully priced, and higher spending for the issue process indicates IPO funding arrangements hinting alert. There is no harm in skipping this IPO. Read detail review...

Uma Converter IPO Subscription Status (Bidding Detail)

The Uma Converter IPO is subscribed 16.66 times on December 21, 2022 7:00:00 PM. The public issue subscribed 17.82 times in the retail category, times in the QIB category, and 15.50 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Uma Converter IPO Prospectus

Uma Converter IPO Rating

Rating:Rated 3.9 stars
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Uma Converter IPO Listing Details

Listing Date December 29, 2022
BSE Script Code
NSE Symbol UMA
ISIN INE067901012
Final Issue Price ₹33 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Uma Converter Limited Contact Details

Uma Converter Limited
Block No. 868, Near CNG Petrol Pump,
Santej Road, Village - Santej,
Taluka - Kalol, Gandhinagar- 382 721,
Phone: +91 93 2710 3652

Uma Converter IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Uma Converter IPO - Buy or Not

Uma Converter IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 9 0 2

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Uma Converter IPO FAQs

Uma Converter IPO is a SME IPO of 5,580,000 equity shares of the face value of ₹10 aggregating up to ₹18.41 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000 Shares.

The IPO opens on December 15, 2022, and closes on December 21, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Uma Converter IPO using UPI as a payment gateway. Zerodha customers can apply in Uma Converter IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Uma Converter IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Uma Converter IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Uma Converter IPO lot size is 4000 Shares, and the minimum amount required is ₹132,000.

You can apply in Uma Converter IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Uma Converter IPO listing date is on December 29, 2022.
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Uma Converter IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



150. Arca |   Link |  Bookmark |January 13, 2023 8:24:42 AM (1000+ Posts, 500+ Likes)
Uma is on 🔥
149. Arun Jindal |   Link |  Bookmark |January 12, 2023 2:52:42 PM (300+ Posts)
Upper cut of 20% today what a performance
149.1. Raghav Mall |   Link |  Bookmark |January 12, 2023 3:55:21 PM
50-60 is achievable in near future
149.2. Anil Mwt |   Link |  Bookmark |January 12, 2023 10:15:19 PM (300+ Posts)
Holding 2 lot, let us see this month how it moves further…!!
148. Raghav Mall |   Link |  Bookmark |January 12, 2023 3:48:16 PM
Compared to all the current listings .... UMA has one of the most liquidity ,,, No matter what the selling pressure is in it ,,, It handles it

Hats off to the market maker SMC Global & the fundamentals of the company

It is a black horse ... I feel
147. CAAnil |   Link |  Bookmark |January 5, 2023 7:11:50 PM
This has not gone below issue price of Rs 33. This is hold with stoploss at 32.95
147.1. Gaurav DD dimer |   Link |  Bookmark |January 10, 2023 5:53:49 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
SMC global buying all at 33.

whenever it will try to go up, SMC will reduce its holding.
So not expecting big rise soon.
146. Kanwarjit |   Link |  Bookmark |January 2, 2023 3:13:41 PM (200+ Posts)
@ lokes kindly tell the strategy for uma. As I am also holding 1 lot. Thanks
146.1. Dowg |   Link |  Bookmark |January 3, 2023 10:27:19 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
koi kuch nhi bold raha hai ........... ho kya raha hai
146.2. Gaurav DD dimer |   Link |  Bookmark |January 4, 2023 4:00:39 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
i am avoiding buy until Anant Name shows in bulk selling list.
145. Splendid |   Link |  Bookmark |December 30, 2022 10:33:46 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Anyone here who is having demat account in Upstox and sold allotted shares of Uma Converter.

My account in upstox. I allotted 4000 shares of Uma Converter. I sold shares at pre open and today Upstox send me contract note for auction sell.. How can it be possible , I have delivery of shares. I lodged complaint in SEBI. Request you all not to open account in upstox. Zerodha is best.
145.5. montu parashar |   Link |  Bookmark |January 1, 2023 7:42:37 AM
@splendid any reply from NSE about complain.please in touch with warm me I am also victim of upstox.
145.6. montu parashar |   Link |  Bookmark |January 2, 2023 6:06:02 PM
Is any reply from NSE dear please share with me
144. Dowg |   Link |  Bookmark |December 30, 2022 8:21:25 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dear Anantagg Ji, lgta hai aap apply karke bhool gaye hain UMA ko.
Can you share following please -
Number of Lots alloted ?
Number of lots sold ?
144.3. Dowg |   Link |  Bookmark |January 3, 2023 10:26:29 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Nice, finally Upper Circuit in UMA, @anantagg ji any update.
144.4. anantagg |   Link |  Bookmark |January 15, 2023 9:36:43 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Dowg either you follow me or you dont follow me.

Merko kyu shock lagega. I know which share to invest in. Some of my shares give good listing gain and some give good return after sometime.
143. Jaga |   Link |  Bookmark |December 29, 2022 10:25:46 PM
29-Dec-2022      UMA      Uma Converter Limited      JAIN SANJAY POPATLAL      BUY      1,48,000      34.25      -
29-Dec-2022      UMA      Uma Converter Limited      MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      BUY      1,12,000      34.12      -
29-Dec-2022      UMA      Uma Converter Limited      SMC GLOBAL SECURITIES LIMITED      BUY      3,24,000      33.03      -
29-Dec-2022      UMA      Uma Converter Limited      SMC GLOBAL SECURITIES LIMITED      SELL      72,000      33.36      -
29-Dec-2022      UMA      Uma Converter Limited      SOMANI VENTURES AND INNOVATIONS LIMITED      BUY      1,72,000      34.25      -
142. Noorul |   Link |  Bookmark |December 29, 2022 10:25:26 PM
Surprisingly no Name of Anant in today's bulk deals.. so possiblely 2 scenario now.. either he is still holding his huge quantity of shares or it was just an attempt to create demand for script.
142.1. anantagg |   Link |  Bookmark |January 15, 2023 9:39:18 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Noorul i never lie about applying. I was still holding them and sold 30-40% on friday. Also you can check my dad's name in SHP when it comes. Holding more than 225k shares.
142.2. Vinny |   Link |  Bookmark |January 16, 2023 9:30:32 AM (200+ Posts)
@anant dude give us some hint before selling. Stock down from 50 to 43 now :)
141. Amit Jaipur |   Link |  Bookmark |December 29, 2022 9:42:10 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Very bad show. Thak haar kar barabar mai bech kar nikal liye apan to bhai.
141.1. PKRAJ |   Link |  Bookmark |December 29, 2022 9:57:11 AM
Not a bad show. I was not expecting any good show. Why do you apply in each and every SME? Keep patience for some time unless have good reports. Keep your funds in tact and enjoy tension free time. You have no profit and no loss, so happy year ending.
Have profit in future.
141.2. Amit Jaipur |   Link |  Bookmark |December 29, 2022 5:45:18 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Thanx p k j.
140. SMEIPOKING |   Link |  Bookmark |December 29, 2022 3:11:23 PM
It can be good long term play......bcz except borrowings (increased interest scenerio), its showing good business data.

Once interest cycle will reverse, as its on PEAK company will do better after 1-2 year,as it has good clients in hand.

I will hold. My view is long term and company is QUITE BIG in SMALL CAP (SME)
139. LOVE IPO |   Link |  Bookmark |December 29, 2022 2:38:27 PM
Exited all Holdings in Pre opening itself at 34.25. I just saw a few comment on people suggesting holding Uma Converters , basis business model holding for long term. Nothing against holding this, however If I have to hold some thing for long term, I am much better off in quality scripts then a shady poor SME play. Just my opinion, watch out for one or two days more with strict stop losses in place & take a call accordingly.
138. montu parashar |   Link |  Bookmark |December 29, 2022 12:32:33 PM
Sold 3 retail lot in pre open at 34.25
137. Splendid |   Link |  Bookmark |December 29, 2022 8:20:45 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
This is clear cut game. Who the hell put sell order at 16.50 Rs...
137.2. SMEIPOKING |   Link |  Bookmark |December 29, 2022 8:51:45 AM
There is only one BIG STUPID here.
137.3. MAMU |   Link |  Bookmark |December 29, 2022 12:25:33 PM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
The one who place order at 16.5 rate dame time some on buying on the rate of 66. No pne is stupid. Its a Grey market game and may be you need to dive deep into for understand better.
136. Rafiq |   Link |  Bookmark |December 29, 2022 10:40:15 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Good show from day started.

Dont sell, this is precious gem, Packaging industry is need of an hour. yesterday we saw flop show of Dollex Agro but now its 5% up. People are scared because market down due to rumours.

This is packaging industry so no need to worry,even if lockdown happens things needs to be packaged so this industry will be in essential items.

All foods are now in packages be it online item or store item so future is bright and hold it tight....
136.1. Raghav Mall |   Link |  Bookmark |December 29, 2022 10:59:30 AM
I Agree @Rafiq,Now the company has an immense scope in Ecommerce Package market , Right now most of the revenue comes from Food & Beverage , But going forward I believe company would establish in E- Commerce very well

If that happens and it 100-150 is not a big deal because it's peers are trading at higher PE's compared to them
136.2. Rafiq |   Link |  Bookmark |December 29, 2022 11:08:15 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
@Raghav thanks for your comment.

Also note it has done wastage recycling for Ambuja and there is lot of scope in waste recycling in future... by saying this I am not selling my part of shares
135. PKRAJ |   Link |  Bookmark |December 29, 2022 9:35:58 AM
Not a bad day for all the three listing. Market in negative territory but all the three in positive listing. Year ending and no bad listing. What ever happens after listing, not a problem.
Hoping for the best.
135.2. PKRAJ |   Link |  Bookmark |December 29, 2022 10:04:13 AM
I had not applied in this SME. To apply because of company from Gujarat, give good profit is always not correct. I am not positive. In such a weak market it's difficult to say anything. Every day is different in Share Market.
Sorry for not giving you clear guidelines.
135.3. Kanwarjit |   Link |  Bookmark |December 29, 2022 10:28:01 AM (200+ Posts)
@ PKRAJ thanks for the reply
134. Arun Jindal |   Link |  Bookmark |December 29, 2022 9:09:28 AM (300+ Posts)
What was the need to take so much pain, applying wishing to get allotment. Loosing interest amount. One could have got from secondary market straight. We will loose charm of applying IPO’s soon.
133. SMEIPOKING |   Link |  Bookmark |December 29, 2022 8:51:05 AM
UMA......good company for long term.
It can give 30% rtn in 1 year.
132. Rafiq |   Link |  Bookmark |December 29, 2022 8:46:15 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
34.25(3.79% up) in pre open showing at 9.45 AM
131. Dowg |   Link |  Bookmark |December 29, 2022 8:41:57 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
not selling onlisting, valuations are very reasonable for ho,lding for short term for better realization.