Uma Converter IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 21, 2022Let’s have a detailed review of the company and analytics of the Uma Converter IPO release date, IPO offer price, subscription, Uma Converter Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 33 |
| Listing At | NSE SME |
| Min. Order Quantity | 4000 Shares |
| Listing Date | Dec 29, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,841 Lakh |
| IPO Size | Rs 1,841 Lakh |
| Tick Size | 1 |
Uma Converter IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Uma Converter IPO – Summary
Their Company was incorporated as a private limited company in 1999, with the business to manufacture flexible packaging material in their manufacturing unit situated at block number 868 and 871, near CNG Petrol Pump, Santej Road, Village – Santej, Taluka – Kalol, Gandhinagar- 382 721, Gujarat, India with an installed capacity of 720 metric tones per annum.
Their Company has been consistently expanding its business operations by increasing its installed capacity from 720 metric tons per annum to 2,400 metric tons per annum in 2007 and to 3,600 metric tons per annum in 2008. With the object of expanding its business operations and increasing its customer base with its upgraded and advanced technique and manufacturing process, in the year 2018, the Company set up an additional manufacturing unit at block numbers 291, 294, 295 and 296, Village Timba, Dascroi, Ahmedabad -382 425, Gujarat, India.
The Promoter of this company is SUMER RAJ LODHA, NIRMALA LODHA AND ABHISHEK SUMERRAJ LODHA. The lead manager to the issue is GYR CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Uma Converter IPO Date
The opening and closing dates of Uma Converter IPO are Dec 15, 2022, and Dec 21, 2022, respectively.
Uma Converter IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 15th Dec | 0.99x | 0.33x | 0.66x |
| 2nd Day – 16th Dec | 1.66x | 0.73x | 1.20x |
| 3rd Day – 19th Dec | 1.97x | 2.96x | 2.47x |
| 4th Day – 20th Dec |
2.40x | 5.12x | 3.76x |
| 5th Day – 21st Dec | 2.55x | 6.73x | 4.64x |
| Shares Offered or Net Issue | 2,640,000 | 2,640,000 | 5,280,000 |
The shares subscribed by the public will be updated here.
Uma Converter IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares under the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders under the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Uma Converter Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 26, 2022 |
| Refunds Initiation | Dec 27, 2022 |
| The credit of Shares to the Demat Account | Dec 28, 2022 |
| Share Listing Date | Dec 29, 2022 |
Uma Converter IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.33
Uma Converter IPO Equity Size
This Initial Public Issue of 5,580,000 Equity Shares of Rs.10 each for cash at a price of Rs.33 per equity share aggregating to Rs.1,841 Lakh.
Uma Converter IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,580,000 Equity Shares of Rs.10/ each.
Issue Size: 5,580,000 Equity Shares of Rs.10 each, aggregating to Rs.1,841 Lakh
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Uma Converter IPO – Live Performance
The listing date of this IPO is Dec 29, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Uma Converter Share Price |
Uma Converter IPO Grey Market Premium
The Uma Converter Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Uma Converter IPO – Company Overview
Their Company commenced its business operations in the financial year ended March 31, 2001, with a turnover of ₹88 lakhs and since then has been reporting a steady rise in its income and operations. In the year 2011, the Company reported an increase in its sales revenue by 39% and its profits earned by 155%. During the year 2015, the Company achieved a milestone turnover of ₹ 8516.49 lakhs and surpassed the same in 2016 by achieving a net turnover of ₹ 8,709.95 lakhs.
The net turnover reported by the Company in the year 2018 and 2019 was ₹ 9,014.05 lakhs and ₹ 10,439.09 lakhs, respectively. During the year 2020 and for the nine months period that ended December 31, 2020, when the nation was grappling with the COVID-19 pandemic and nationwide lockdown, the Company was able to report a net turnover of 10,359.10 lakhs and 11,782.98 lakhs, respectively and net profit after tax and depreciation of 274.21 lakhs and 425.12 lakhs, respectively.
Their Company commenced its export operations in Unit-I in the year 2006 and Unit-II in the year 2019. Owing to the consistent efforts of their Company towards quality control and efficient fulfilment of orders, presently they export their finished products to countries such as Saudi Arabia, Australia, Senegal and the United States of America.
Uma Converter IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 13,653.79 | 11,304.24 | 8,621.29 | 7,822.66 |
| *Total Revenue | 11,807.55 | 10,398.45 | 10,480.50 | 9,097.97 |
| Total Expense | 11,284.12 | 10,020.86 | 9,917.25 | 8,583.40 |
| Profit After Tax | 425.12 | 274.26 | 425.62 | 415.95 |
Earnings per Equity Share (in Lakh)
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 2.89 | 2.01 | 3.29 | 3.66 |
Further, their PAT for the period ended on Dec 31, 2020, March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. 425.12 Lakh, Rs. 274.26 Lakh, Rs. 425.62 Lakh, and Rs. 415.95 Lakh respectively.
Uma Converter IPO – Promoters
The Promoter of this company is:
- SUMMER RAJ LODHA
- NIRMALA LODHA
- ABHISHEK SUMERRAJ LODHA
List of Related Parties (Key Managerial Personnel)
- Sumer Raj Lodha, Chairman and Managing Director
- Nirmala Lodha, Executive Director
- Abhishek Sumerraj Lodha, Whole-time Director
- Ashok Ruplal Kavdia, Independent Director
- Mohit Rajendra Mehta, Independent Director
- Pradeep Randhirmal Lodha, Additional (Independent) Director
Uma Converter IPO – Promoters Holding
- Pre-Issue Share Holding – 95.00%
- Post Issue Share Holding – 68.86%
Uma Converter IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 5,580,000 Equity Shares aggregating up to Rs.1,841 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,46,94,286 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Uma Converter IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment or prepayment of unsecured loans availed from Sumer Raj Lodha, Nirmala Lodha and Abhishek Sumerraj Lodha, the Promoters of their Company;
2. Expansion of their manufacturing facility situated at Timba, Gujarat;
3. General Corporate Purposes.
Uma Converter IPO – Business Strategy
- Increasing their manufacturing capacity to focus on the growing demand for their products
- Expand their existing product portfolio
- Expand their customer base
- Increasing their Global presence
- Strengthen their marketing network
Uma Converter IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager based on the following qualitative and quantitative factors.
Qualitative factors are:
- Well-experienced management team with proven project management and implementation skills
- Integrated manufacturer of flexible packaging material with a long-standing market presence;
- Wide-spread domestic market presence;
- Presence across diverse industry verticals with long-standing relationships with their customers;
- A comprehensive product portfolio enables them to serve diverse end-use applications
- In-house design capabilities and techniques
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 2.01 | 7.08 | 26.35 |
| 31-Mar-19 | 3.29 | 13.45 | – |
| Mar-18 | 3.66 | 15.20 | – |
Uma Converter IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Million) | |
| Uma Converter Limited | 10 | [●] | 2.01 | 9.90 | 1,039.85 |
| Listed Peers | |||||
| Essel Propack Limited | 2 | 57.81 | 4.85 | 20.85 | 9,552 |
| Uflex Limited | 10 | 17.21 | 51.21 | 8.53 | 74,316.23 |
| Mold-Tek Packaging Limited | 5 | 28.48 | 16.97 | 18.79 | 4,393.62 |
| Huhatamaki PPL Limited | 2 | 26.20 | 11.24 | 11.09 | 24,707.20 |
Uma Converter IPO Lead Managers
| Lead Managers |
| GYR CAPITAL ADVISORS PRIVATE LIMITED 428, Gala Empire, Near JB Tower, Drive in Road, Thaltej, Ahemdabad-380 054, Gujarat, India. Telephone: +91 82 0093 1018 Facsimile: N.A. E-mail: info@gyrcapitaladvisors.com Website: www.gyrcapitaladvisors.com Investor grievance: investors@gyrcapitaladvisors.com Contact Person: Ikshit Shah SEBI Registration Number: INM000012810 |
Uma Converter IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai- 400 059, Maharashtra, India. Telephone: +91 22 6263 8200 Facsimile: +91 22 6263 8280 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com Investor grievance: investor@bigshareonline.com Contact person: Ashish Bhope SEBI Registration No: INR000001385 |
Uma Converter IPO – Other Details
- Statutory Auditor – M/s. Bhanwar Jain & Co., Chartered Accountants.
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Uma Converter IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Uma Converter Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Uma Converter IPO Review FAQs
What is the Issue Size of Uma Converter IPO?
The Company is making an initial public offer of 5,580,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Uma Converter IPO?
The price band for this particular IPO ranges between Rs 33. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Uma Converter IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 15, 2022, while the closing date is set for Dec 21, 2022.
What is the Uma Converter IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 26, 2022, refund initiation is on Dec 27, 2022, credit of shares is on Dec 28, 2022, and share listing date is on Dec 29, 2022.
What is the Uma Converter IPO Listing Date?
Shares of this company shall be listed in the exchanges on Dec 29, 2022. The date, when the listing would be done, is stagnant on Dec 29, 2022.
Who is the Registrar of Uma Converter IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Uma Converter IPO?
Here are the promoters of this IPO – SUMER RAJ LODHA, NIRMALA LODHA AND ABHISHEK SUMERRAJ LODHA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Uma Converter IPO?
They have obtained the GMP of this IPO and it is NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Uma Converter IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Uma Converter Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakh is 274.26, 2019 is 425.62, and 2018 is 415.95. PAT from Dec 2020 is 425.12.
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