Fixed Price IPO | ₹18 Cr | Listed at NSE SME | Thu, Dec 15, 2022 - Wed, Dec 21, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Dec 15, 2022
IPO Close
Wed, Dec 21, 2022
Issue Price
₹33 per share
Market Cap (Pre-IPO)
₹66.91 Cr
| IPO Date | 15 to 21 Dec, 2022 |
| Listed on | Thu, Dec 29, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹33 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 55,80,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 3,00,000 shares SMC Global Securities Ltd. (agg. up to ₹0.9900 Cr) |
| Fresh Issue (Ex Market Maker) | 52,80,000 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 52,80,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 1,46,94,286 shares |
| Share Holding Post Issue | 2,02,74,286 shares |
| NSE Symbol | UMA |
| ISIN | INE067901012 |
Uma Converter IPO comprises a total issue size of 55,80,000 shares. The net offer to the public is 52,80,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 26,40,000 (50.00%) allocated to NII 26,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 26,40,000 | 50.00% | 47.31% |
| Retail Shares Offered | 26,40,000 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.38% | |
| Total Shares Offered | 55,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 164.52 | 151.41 | 139.36 | 112.96 |
| Total Income | 92.10 | 187.21 | 159.11 | 103.98 |
| Profit After Tax | 3.24 | 4.95 | 4.45 | 2.82 |
| NET Worth | 51.38 | 48.13 | 43.14 | 38.64 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | |
| Total Borrowing | 78.56 | 74.31 | 65.43 | 53.85 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 10.82 |
| 2 | General corporate purposes | 4.60 |
| KPI | |
|---|---|
| ROE | 2.71 |
| ROCE | 9.42 |
| Debt/Equity | 1.54 |
| RoNW | 10.28 |
| PAT Margin | 3.70% |
| EBITDA Margin | 8.88% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.37 | |
| P/E (x) | 10.31 | |
| Promoter Holding | 95.00% | 68.86% |
| Market Cap | ₹66.91 Cr. |
The Uma Converter IPO is subscribed 16.66 times on December 21, 2022 7:00:00 PM (Day 5). The public issue subscribed 17.82 times in the retail category, [.] times in the QIB category, and 15.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 15.5 | 26,40,000 | 4,09,12,000 |
| Retail | 17.82 | 26,40,000 | 4,70,52,000 |
| Total | 16.66 | 52,80,000 | 8,79,64,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 2.80 |
| 2 | Advertising and marketing expenses | 0.10 |
| 3 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 0.01 |
| 4 | Processing fees to the SCSBs and to the Sponsor Bank for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.01 |
| 5 | Printing and distribution of issue stationery | 0.01 |
| 6 | Stock Exchange Fees | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹34.25 |
| Low | ₹33.00 |
| High | ₹34.50 |
| Last Trade | ₹33.15 |
Lead Manager Reports
Uma Converter IPO is a SME IPO of 55,80,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Dec 15, 2022, and closes on Wed, 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
Visit Zerodha IPO Application Process Review for more detail.
The Uma Converter IPO opens on Thu, Dec 15, 2022 and closes on Wed, Dec 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 Wed, Dec 28, 2022. Check the Uma Converter IPO allotment status.
The Uma Converter IPO listing date is on Thu, Dec 29, 2022.
