The Uma Converter Limited date has been confirmed fromDecember 15 and ended on December 21
Uma Converter Limited plans to raise Rs 3,600 lakhs by going public. With an established capacity of 720 metric tons annually, the company produces flexible packaging material.
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Bidding Dates
December 15 – 21
Price Range
₹33 per share
Face Value
₹10 per share
GMP
₹2
Uma Converter Limited GMP
The Uma Converter Limited IPO GMP is ₹[2].
IPO Overview
Uma Converter was listed on the stock exchange on 29-12-2022. The IPO was subscribed 16.66x. The last GMP for Uma Converter IPO was ₹2, updated on Dec 29th 2022 07:50 AM. As per the last GMP, the expected profit/loss for the IPO was 6.06%. The company was established in 1999 and produces flexible packaging. They have a 720-metric-ton annual installed capacity. The business started its financial operations in 2001 with a turnover of Rs 88 lakh and has since seen a steady increase in revenue and operations. In Dascroi, Ahmedabad, they established a second production facility in 2018.
Uma Converter IPO price is ₹33 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹264,000.
Uma Converter Limited IPO Date & Price Band Details
IPO Date | December 15, 2022 to December 21, 2022 |
Listing Date | December 29, 2022 |
Face Value | ₹10 per share |
Price | ₹33 per share |
Lot Size | 4000 Shares |
Total Issue Size | 5,580,000 shares (aggregating up to ₹18.41 Cr) |
Fresh Issue | 5,580,000 shares (aggregating up to ₹18.41 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Market Maker portion | 300,000 shares Smc Global Securities |
Uma Converter Limited IPO Market Lot
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Applications | Lots | Shares | Amount |
Retail (Min) | 1 | 4000 | ₹132,000 |
Retail (Max) | 1 | 4000 | ₹132,000 |
HNI (Min) | 2 | 8,000 | ₹264,000 |
Uma Converter Limited IPO Allotment & Listing Dates
Uma Converter IPO opens on December 15, 2022, and closes on December 21, 2022.
IPO Open Date | Thursday, December 15, 2022 |
IPO Close Date | Wednesday, December 21, 2022 |
Basis of Allotment | Monday, December 26, 2022 |
Initiation of Refunds | Tuesday, December 27, 2022 |
Credit of Shares to Demat | Wednesday, December 28, 2022 |
Listing Date | Thursday, December 29, 2022 |
Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2022 |
Uma Converter Limited Peer Comparison
Company Name | Total Income (in rs million) | EPS | P/E |
Essel Propack Ltd. | 9,552 | 4.85 | 57.81 |
Uflex Ltd. | 74,316.23 | 51.21 | 17.21 |
Mold-Tek Packaging Ltd. | 4,393.62 | 16.97 | 28.48 |
Huhatamaki PPL Ltd. | 24,707.20 | 11.24 | 26.20 |
Uma Converted Ltd. | 1,039.85 | 2.01 | NA |
Uma Converter Limited IPO Financials
Particulars | FY 2021 | FY 2022 | FY 2023 |
Revenue From Operation | 10,359.10 | 10,442.93 | 9017.20 |
EBITDA | 1,056.77 | 1104.55 | 1012.88 |
EBITDA Margin (%) | NA | NA | NA |
Profit After Tax | 274.26 | 425.62 | 415.95 |
EPS | 2.01 | 3.29 | 3.66 |
ROE | NA | NA | NA |
Company Profile

Uma Converter became a private limited company in 1999. It started manufacturing flexible packaging material at its manufacturing unit located near CNG Petrol Pump, Santej Road, Village – Santej, Taluka – Kalol, Gandhinagar- 382 721, Gujarat, India (“Unit -I”). Initially, the installed capacity was 720 metric tonnes per annum. However, the company expanded its operations and increased the installed capacity to 2,400 metric tonnes per annum in 2007 and 3,600 metric tonnes per annum in 2008. In 2018, the company established an additional manufacturing unit at Village Timba, Dascroi, Ahmedabad -382 425, Gujarat, India (“Unit-II”) with an installed capacity of 5,400 metric tonnes.
The export operations began in Unit-I in 2006 and in Unit-II in 2019. Presently, the company exports its finished products to countries like Saudi Arabia, Australia, Senegal, and the United States of America, thanks to its focus on quality control and efficient order fulfilment. The company makes flexible packaging that serves multiple purposes and enables it to meet the demands of numerous sectors.
Registrar Info
Name | Bigshare Services Pvt Ltd |
Phone number | +91-22-6263 8200 |
Email ID | ipo@bigshareonline.com |
Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
Name | Uma Converter Limited |
Phone number | +91 93 2710 3652 |
Email ID | cs@umaconverter.com |
Website | http://www.umaconverter.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.