FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
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.
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 Size | 5,580,000 shares (aggregating up to ₹18.41 Cr) |
Fresh Issue | 5,580,000 shares (aggregating up to ₹18.41 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 14,694,286 |
Share holding post issue | 20,274,286 |
Market Maker portion | 300,000 shares Smc Global Securities |
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 Offered | 300,000 (5.38%) |
Other Shares Offered | 2,640,000 (47.31%) |
Retail Shares Offered | 2,640,000 (47.31%) |
Total Shares Offered | 5,580,000 (100%) |
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 |
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 |
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% |
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.
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
---|---|---|---|---|---|
31-Mar-20 | 11296.41 | 10398.45 | 281.91 | 3864.47 | 5385.15 |
31-Mar-21 | 13936.02 | 15911.11 | 445.09 | 4314.25 | 6543.22 |
31-Mar-22 | 15140.92 | 18720.79 | 494.96 | 4812.58 | 7431.19 |
30-Sep-22 | 16452.32 | 9209.58 | 324.15 | 5138.42 | 7856.05 |
Amount in ₹ Lakhs |
The market capitalization of Uma Converter IPO is Rs 66.91 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 10.31 |
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.
[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...
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)
Category | Subscription (times) |
---|---|
Other | 15.50 |
Retail | 17.82 |
Total | 16.66 |
Listing Date | December 29, 2022 |
BSE Script Code | |
NSE Symbol | UMA |
ISIN | INE067901012 |
Final Issue Price | ₹33 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹33.00 |
₹34.25 |
₹33.00 |
₹34.50 |
₹33.15 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide
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
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.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|