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Uma Converter Limited IPO (Uma Converter IPO) Detail

Dec 15, 2022 - Dec 21, 2022

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
31-Mar-2011296.4110398.45281.913864.475385.15
31-Mar-2113936.0215911.11445.094314.256543.22
31-Mar-2215140.9218720.79494.964812.587431.19
30-Sep-2216452.329209.58324.155138.427856.05
Amount in ₹ Lakhs

Objects of the Issue

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 Details

IPO Date Dec 15, 2022 to Dec 21, 2022
Listing Date Thursday, December 29, 2022
Face Value ₹10 per share
Price ₹33 per share
Lot Size 4000 Shares
Issue Size5,580,000 shares of ₹10
(aggregating up to ₹18.41 Cr)
Fresh Issue5,580,000 shares of ₹10
(aggregating up to ₹18.41 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Market MakerSMC GLOBAL SECURITIES LTD.
Company Promoters

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

Uma Converter IPO Tentative Timetable

Uma Converter IPO opens on Dec 15, 2022, and closes on Dec 21, 2022. The Uma Converter IPO bid date is from Dec 15, 2022 10.00 A.M. to Dec 21, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 15, 2022
Closing Date Dec 21, 2022
Basis of Allotment Dec 26, 2022
Initiation of Refunds Dec 27, 2022
Credit of Shares to Demat Dec 28, 2022
Listing Date Dec 29, 2022

Uma Converter IPO Lot Size

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

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

Uma Converter IPO Promoter Holding

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

Uma Converter IPO Review

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 Dec 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)
NII15.50
Retail17.82
Total16.66

Uma Converter IPO Prospectus

Uma Converter IPO Rating

144
3.9
Rating:Rated 3.9 stars
Vote Here ...

Uma Converter IPO Listing Date

Listing Date Thursday, December 29, 2022
BSE Script Code
NSE Symbol UMA
Listing In
ISIN INE067901012
IPO Price ₹33 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹33.00
₹34.25
₹33.00
₹34.50
₹33.15

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: cs@umaconverter.com
Website: http://www.umaconverter.com/

Uma Converter IPO Registrar

Bigshare Services Pvt Ltd

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

Uma Converter IPO Review

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 Dec 15, 2022, and closes on Dec 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 Dec 15, 2022 and closes on Dec 21, 2022.

Uma Converter IPO lot size is 4000 Shares and the minimum order quantity is .

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 Dec 26, 2022, and the allotted shares will be credited to your demat account by Dec 28, 2022. Check the Uma Converter IPO allotment status.

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

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335 Comments

150. Arca |   Link |Jan 13, 2023 9:24:42 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Uma is on 🔥
149. Arun Jindal |   Link |Jan 12, 2023 3:52:42 PM
Upper cut of 20% today what a performance
149.1. Raghav Mall |   Link |Jan 12, 2023 4:55:21 PM
50-60 is achievable in near future
149.2. Anil Mwt |   Link |Jan 12, 2023 11:15:19 PM
Holding 2 lot, let us see this month how it moves further…!!
148. Raghav Mall |   Link |Jan 12, 2023 4:48:16 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 |Jan 5, 2023 8:11:50 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 |Jan 10, 2023 6:53:49 PM
Top Contributor Top Contributor (500+ Posts, 200+ 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 |Jan 2, 2023 4:13:41 PM
@ lokes kindly tell the strategy for uma. As I am also holding 1 lot. Thanks
146.1. Dowg |   Link |Jan 3, 2023 11:27:19 AM
koi kuch nhi bold raha hai ........... ho kya raha hai
146.2. Gaurav DD dimer |   Link |Jan 4, 2023 5:00:39 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
i am avoiding buy until Anant Name shows in bulk selling list.
145. Splendid |   Link |Dec 30, 2022 11:33:46 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 |Jan 1, 2023 8:42:37 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 |Jan 2, 2023 7:06:02 PM
Is any reply from NSE dear please share with me
144. Dowg |   Link |Dec 30, 2022 9:21:25 AM
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 |Jan 3, 2023 11:26:29 AM
Nice, finally Upper Circuit in UMA, @anantagg ji any update.
144.4. anantagg |   Link |Jan 15, 2023 10:36:43 PM
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 |Dec 29, 2022 11:25:46 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 |Dec 29, 2022 11:25:26 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 |Jan 15, 2023 10:39:18 PM
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 |Jan 16, 2023 10:30:32 AM (200+ Posts)
@anant dude give us some hint before selling. Stock down from 50 to 43 now :)
141. Amit Jaipur |   Link |Dec 29, 2022 10:42:10 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Very bad show. Thak haar kar barabar mai bech kar nikal liye apan to bhai.
141.1. PKRAJ |   Link |Dec 29, 2022 10:57:11 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
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 |Dec 29, 2022 6:45:18 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Thanx p k j.
140. SMEIPOKING |   Link |Dec 29, 2022 4:11:23 PM
New Member New Member
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 |Dec 29, 2022 3:38:27 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 |Dec 29, 2022 1:32:33 PM
Sold 3 retail lot in pre open at 34.25
137. Splendid |   Link |Dec 29, 2022 9:20:45 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 |Dec 29, 2022 9:51:45 AM
New Member New Member
There is only one BIG STUPID here.
137.3. MAMU |   Link |Dec 29, 2022 1:25:33 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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 |Dec 29, 2022 11:40:15 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 |Dec 29, 2022 11:59:30 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 |Dec 29, 2022 12:08:15 PM
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 |Dec 29, 2022 10:35:58 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
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 |Dec 29, 2022 11:04:13 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
@Kanwarjit
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 |Dec 29, 2022 11:28:01 AM
@ PKRAJ thanks for the reply
134. Arun Jindal |   Link |Dec 29, 2022 10:09:28 AM
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 |Dec 29, 2022 9:51:05 AM
New Member New Member
UMA......good company for long term.
It can give 30% rtn in 1 year.
132. Rafiq |   Link |Dec 29, 2022 9:46:15 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 |Dec 29, 2022 9:41:57 AM
not selling onlisting, valuations are very reasonable for ho,lding for short term for better realization.