NEWS

Uma Converter Limited IPO : Key Highlights and Other Info.

Uma Converter initiated its business operations in 2000. The company deals in the packaging segment and has a product portfolio of Zip Lock pouches, E-commerce bags, vacuum pouches, Stand up pouches, paper bags etc.

It also does job work for third parties related to printing and lamination. The company has a manufacturing facility each at Santej and Timba. It also has a research and development division at both the units.

IPO DETAILS

Uma Converter Limited IPO is set to launch on 15 Dec., 2022. The subscription timeline extends till 21 Dec., 2022. The size for the IPO is 18.41 Crore Rs.. Shares issued through fresh issues are worth 18.41 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 4000 shares and the price is 33 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a fixed price issue. The registrar for the company is BigShare Services Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	15 Dec., 2022
CLOSING DATE FOR IPO	21 Dec., 2022
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	33 Rs.
LOT SIZE	4000 shares
MINIMUM ORDER QUANTITY	4000 shares
ISSUE SIZE	18.41 Crore Rs.
OFFER FOR SALE	No shares Issued
FRESH ISSUE	18.41 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	29 Dec., 2022

IMPORTANT DATES

IPO OPENING DATE	15 Dec., 2022
CLOSING DATE FOR IPO	21 Dec., 2022
IPO ALLOTMENT DATE	26 Dec., 2022
REFUNDS	27 Dec., 2022
DEMAT A/C CREDITED ON	28 Dec., 2022
IPO LISTING DATE	29 Dec., 2022

Uma Converter Limited IPO begins for subscription from 15 Dec., 2022. The IPO subscription would continue till 21 Dec., 2022. The allotment status for the shareholders who applied would come on 26 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 27 Dec., 2022. The DEMAT accounts of shareholders would be credited on 28 Dec., 2022. The listing of the company would be accompanied on 29 Dec., 2022.

Lead Managers

The lead managers are :

GYR Capital Advisors Private Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to 132000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 264000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	4000 shares	132000 Rs.
Maximum	8000 shares	264000 Rs.

OBJECTIVES FOR THE IPO

For General corporate purposes.
The funds can be used for working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	15140	13936	11296
Revenue	18720	15911	10398
PAT	494	445	282

Uma COnverter Limited has a huge asset base of 15140 Lakh Rs in 2022 which was 13936 Lakh Rs in 2021 and 11296 Lakh Rs in 2020. This indicates a constant growth and expansion. On the other hand the company is generating more revenue than its asset base. This is indicated by its revenue figures. In 2022 the revenue was 18720 Lakh Rs against the asset base of 15140 Lakh Rs. On the other hand the revenue has been increasing constantly as well. The same was 15911 Lakh Rs in 2021 and 10398 Lakh Rs in 2020. The Profits of the company are also good and in an upward trend. The profits were 282 Lakh Rs in 2020 which increased to 445 Lakh Rs in 2021 and 494 Lakh Rs in 2022.

PROS

The company deals in the packaging segment and has a product portfolio of Zip Lock pouches, E-commerce bags, vacuum pouches, Stand up pouches, paper bags etc.
It also does job work for third parties related to printing and lamination.
Uma Converter Limited has a research and development division at both of its units of manufacturing.

CONS

The company works in a highly competitive segment.
Uma converter works in a segment which has a high chance of getting a hit in its business due to the environmental protection. The company has its major business in pouch material related to PP, LDPE, HM, CPC etc which are all facing some kind of scrutiny from the government regarding their usage.