Uma Converter was incorporated on June 18, 1999. The company manufactures flexible packaging material which is multi-functional and caters to the packaging requirements of various industries.
| Bidding Dates |
|---|
| 15 Dec 2022 - 21 Dec 2022 |
| Subscription |
|---|
| 16.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 4000 | 5.6 M | ₹33 | 72.48 % | ₹184.1 M | RHP DOC |
Uma Converter IPO SUBSCRIPTION STATUS
21 Dec '22Uma Converter IPO overall subscription rate was 16.62 times the total available shares
Uma Converter IPO retail subscription rate was 17.74 times in the retail segment
Uma Converter IPO non-institutional investor subscription rate was 15.49 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Dec 2022 (Day 5) | 17.74x | 15.49x | - |
20 Dec 2022 (Day 4) | 5.12x | 2.4x | - |
19 Dec 2022 (Day 3) | 2.96x | 1.97x | - |
16 Dec 2022 (Day 2) | 0.73x | 1.66x | - |
15 Dec 2022 (Day 1) | 0.31x | 0.99x | - |
Uma Converter FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY22 | 49.5 | 1,869.9 | 22.5 | -45.0 |
| FY21 | 44.5 | 1,581.3 | -3.2 | -78.2 |
| FY20 | 28.2 | 1,035.9 | 97.9 | -161.9 |
Uma Converter IPO SUBSCRIPTION STATUS DETAILS
Uma Converter had 5.6 M shares on offer
Uma Converter IPO offer price was ₹33
Uma Converter IPO minimum Investment was ₹132000
Uma Converter IPO issue size was ₹ 184.1 M
Uma Converter had a minimum lot size of 4000 Shares per application
Uma Converter NUMBER OF SHARES ON OFFER
Uma Converter IPO IMPORTANT DATES
| Issue Open Date | 15 Dec 2022 |
| Issue close Date | 21 Dec 2022 |
| Allotment Date | 26 Dec 2022 |
| Refund Date | 27 Dec 2022 |
| Demat Account Credit Date | 28 Dec 2022 |
| Listing Date | 29 Dec 2022 |
| Listing on Exchange(s) | NSE |
| Uma Converter Allotment Status | Exchange |
Uma Converter IPO subscription opened on 15 Dec 2022, and closed on 21 Dec 2022
IPO allotment for Uma Converter was finalized on Monday, 26 Dec 2022
IPO listing for Uma Converter was on NSE on Thursday, 29 Dec 2022
Uma Converter IPO LISTING GAINS
| Issue Price (adjusted) | 33.0 |
| Listing Open Price | 34.3 |
| Listing Close Price | 33.1 |
| Listing Gain% | 3.8% |
| Current Gain% | -55.0% |
Uma Converter Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Uma Converter Ltd. | 14.8 | 30.1 | 9.5 | 0.5 | 0.1 | 4 | 1.7 | 249.1 | 9.3 | 3.2 | 17.4 | 1.6 | 17.4 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
Uma Converter INFORMATION ON IPO ISSUE
About Uma Converter
Uma Converter was incorporated on June 18, 1999. The company manufactures flexible packaging material which is multi-functional and caters to the packaging requirements of various industries.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Uma Converter - PROMOTERS
| Name |
|---|
| Sumer Raj Lodha |
| Nirmala Lodha |
| Abhishek Sumerraj Lodha |
Uma Converter Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Uma Converter Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Uma Converter Strengths
Integrated manufacturer
The company is an integrated manufacturer of flexible packaging material with a long-standing market presence
Market presence
With the help of a long-standing market presence and integrated business model, the company has been able to create a wide market presence in India, thereby catering to manufacturers functioning in various industries
Presence across diverse industry verticals
The company has long-term relationships with customers in various industries, including food & beverage, hygiene & personal care, pharmaceutical, household and agricultural
Uma Converter Risks
Dependent on the ability to innovate
The company has adopted an integrated business model and its commercial success is largely dependent on the ability to develop and design innovative packaging material suitable for the finished product of customers
Limited history of operation
The company recently set up an additional manufacturing unit, which has a very limited history of operation
Reliant on food and beverage industry
The company is reliant on the demand from the food and beverage industry for a significant portion of the revenue
IPO FAQs
The promoters of the company are Sumer Raj Lodha, Nirmala Lodha and Abhishek Sumerraj Lodha.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 33.0 - 33.0.
The IPO application opens on Dec 15, 2022 and closes on Dec 21, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Dec 26, 2022.
The refund will be credited to your account on Dec 27, 2022.
The allotted shares will be credited to your demat on Dec 28, 2022.
Uma Converter Ltd.’s shares listed on the stock exchanges on Dec 29, 2022.