Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Uma Converter IPO is a fixed price issue of ₹18.41 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹18.41 crore.
Uma Converter IPO bidding started from Dec 15, 2022 and ended on Dec 21, 2022. The allotment for Uma Converter IPO was finalized on Dec 26, 2022. The shares got listed on NSE SME on Dec 29, 2022.
Uma Converter IPO price is ₹33.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,64,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is SMC Global Securities Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹33 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 55,80,000 shares (aggregating up to ₹18.41 Cr) |
| Reserved for Market Maker | 3,00,000 shares SMC Global Securities Ltd. (aggregating up to ₹0.9900 Cr) |
| Net Offered to Public | 52,80,000 shares (aggregating up to ₹17.42 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,46,94,286 shares |
| Share Holding Post Issue | 2,02,74,286 shares |
Uma Converter IPO offers total 55,80,000 shares. Out of which 26,40,000 (47.31%) allocated to NII, 26,40,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.38%) |
| NII (HNI) Shares Offered | 26,40,000 (47.31%) |
| Retail Shares Offered | 26,40,000 (47.31%) |
| Total Shares Offered | 55,80,000 (100.00%) |
Uma Converter IPO opens on December 15, 2022, and closes on December 21, 2022.
| IPO Open Date | Thu, Dec 15, 2022 |
| IPO Close Date | Wed, Dec 21, 2022 |
| Tentative Allotment | Mon, Dec 26, 2022 |
| Initiation of Refunds | Tue, Dec 27, 2022 |
| Credit of Shares to Demat | Wed, Dec 28, 2022 |
| Tentative Listing Date | Thu, Dec 29, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 21, 2022 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,32,000 |
| Retail (Max) | 1 | 4,000 | ₹1,32,000 |
| HNI (Min) | 2 | 8,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | December 29, 2022 |
| BSE Script Code | |
| NSE Symbol | UMA |
| ISIN | INE067901012 |
| Final Issue Price | ₹33 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹34.25 |
| Low | ₹33.00 |
| High | ₹34.50 |
| Last Trade | ₹33.15 |
Uma Converter Ltd.
Block No. 868, Near CNG Petrol Pump,
Santej Road, Village - Santej,
Taluka - Kalol,
Gandhinagar, Gujarat, 382721
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
Uma Converter IPO is a SME IPO of 55,80,000 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.
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, and the minimum amount required for application is ₹1,32,000.
You can apply in Uma Converter IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thursday, December 29, 2022.
Useful Articles
RHP