Uma Converter IPO

UMA Converter has consistently been a major producer and supplier of high-quality flexible packaging materials for a variety of sectors, including food, drinks, pharmaceuticals, personal care, and many others. Uma Converter IPO will hit the market in 2021.

About Uma Converters

Strong business values have helped UMA Converter become a pioneer in offering high-quality packaging solutions that are also innovative. They have a cutting-edge production facility that is outfitted with cutting-edge machinery.

They are capable of providing excellent service to consumers in India and beyond. A significantly skilled and qualified expert staff working unwaveringly towards the firm’s primary objectives defines their steady growth and continuing success.

The sectors listed above are just a few of the ones they serve. The list, meanwhile, is never-ending, with new ones being added all the time.

Quality

They only provide high-quality packaging solutions to their customers. The packaging materials utilised in the production unit come from trusted suppliers.

Their researchers and experts are continuously experimenting with different material combinations in order to find a solution that preserves the quality of the items being packaged.

At every stage of the manufacturing process, the packing material is thoroughly inspected, assuring a flawless end product.

An expert QC team inspects many elements including tensile strength, seal strength, bond strength, drop test, optical density, dart impact, CoF testing, and WVTR throughout the quality check method.

Research & Growth

The foundation of high-quality packaging material manufacture is research and development. As a result of their team’s involvement in numerous R&D activities, they are able to provide their clients with the most distinctive solutions.

They invest adequate time in learning about their clients’ products so that they can provide a packaging solution.

After the packaging material is chosen, it is put through a series of tests in an R&D centre equipped with the most up-to-date testing equipment.

UMA Converter also has a crew of design specialists that can provide the most accurate design ideas for the product in issue. As a consequence, their customer is able to obtain the best packaging solution possible.

Vision & Mission

UMA Converter takes all essential precautions to guarantee that the raw materials used in the production of packaging materials provide the maximum level of security for the product under extreme weather conditions.

As a result, the information contained within the packing material is safe and secure.

Their Vision is to create a world-class packaging firm that is innovative, customer-focused, and efficient.

Their mission is to provide clever packaging solutions that satisfy the products, our clients, and ultimately the end-consumers.

Facility

In Santej, near Ahmedabad, Uma Converter has a world-class production plant. The unit covers a large area and is expected to grow much larger.

The plant has a large manufacturing capacity and is equipped with modern equipment. Every internal procedure is closely monitored by a competent quality assurance staff.

Uma Converter IPO Issue

Uma Converter, headquartered in Gandhinagar has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 500 crore on 30 June,  2021.

They planned to collect INR 500 cr via its initial public offering (IPO).  There is a fresh issue of 36 cr. and offer for sale is around 1,46,94,286 Equity Shares mentioned in the drhp of the company.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Basic and Diluted Earnings Per Share (EPS)

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of The offer

The following are among the qualitative factors that go towards determining the Issue Price:

• Project management and execution abilities have been shown by a well-experienced leadership team.
• Integrated adaptable packaging fabric producer with a lengthy history on the market.
• Presence on a large number of domestic markets.
• They have a strong presence in a variety of industry verticals and have a long-standing connection with their clients.
• They can service a wide range of end-use applications thanks to Their extensive product portfolio.
• Design capability and methodologies in-house.

Uma Converter IPO Peer Comparison

Uma Converter IPO Details

Uma Converter IPO Tentative Date

Uma Converter IPO opening date is August 2021, and the closing date August 2021. The issue may list in August 2021.

Basis of Allotment

Uma Converter IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Uma Converter IPO.

Uma Converter IPO gmp

Uma Converter IPO Grey Market Premium is INR 0.

Uma Converter IPO Review

Uma Converter IPO Review will depend on Price band. Once the price band will be issued we will update the Review for this IPO.

Uma Converter IPO Risk

• The unusual coronavirus (Covid-19) pandemic outbreak and response measures have had a substantial effect on their company and operating performance, and the damage will continue to be determined by future events, which are very unpredictable.
• Their firm has chosen an interconnected business strategy, and their capacity to create and manufacture novel packaging material suited for their clients’ ultimate completed product is critical to their commercial success.
• Their firm has newly established an additional facility with a very short history of operations, making it impossible for investors to assess their past performance or future possibilities.

Other Threats

• For a large percentage of their income, their company is dependant on the food and beverage industry.
• Their manufacturing units are involved in lawsuits either by their company or brought against them by third parties. Any adverse orders issued in these lawsuits might have a negative impact on their ability to continue operating and doing business.
• The Additional Director General of Foreign Trade has issued a show cause notice, stating that their firm has failed to satisfy its export responsibilities under the Export Promotion Capital Goods program.
• The financial success of their products is heavily reliant on the performance of their end-user customers’ goods.

Uma Converter IPO Brokerage views

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Uma Converter IPO Subscription Status

Promoters

1. Sumer Raj Lodha
2. Nirmala Lodha
3. Abhishek Sumerraj Lodha

Promoter’s Holding

Uma Converter IPO Prospectus