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.
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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
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 1,365.38 | 1130.42 | 862.13 | 782.26 | |
| Total Revenue | 1,180.76 | 1,039.85 | 1,048.05 | 909.80 | |
| Profit After Tax | 42.51 | 27.43 | 42.56 | 41.60 | |
Basic and Diluted Earnings Per Share (EPS)
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 2.01 | 2.01 | 3 |
| Financial Year 2019 | 3.29 | 3.29 | 2 |
| Financial Year 2018 | 3.66 | 3.66 | 1 |
| Weighted Average | 2.71 | 2.71 | |
| (9 months) Dec. 31, 2020 | 2.89 | 2.89 | – |
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
| S. No. | Company Name | PE |
| 1 | Essel Propack Limited | 57.81 |
| 2 | Uflex Limited | 17.21 |
| 3 | Mold-Tek Packaging Limited | 28.48 |
| 4 | Huhatamaki PPL Limited | 26.20 |
Uma Converter IPO Details
| IPO Opening Date | August 2021 |
| IPO Closing Date | August 2021 |
| Issue Type | Book Built |
| Face Value | 10 per share |
| IPO Price | 0 per equity share |
| Market Lot | 0 |
| Min Order Quantity | 0 |
| Listing At | BSE, NSE |
| Issue Size | 500 Cr. |
| Fresh Issue | 36 Cr. |
| Offer for Sale | 1,46,94,286 Equity Shares |
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.
| IPO Open Date | August 2021 |
| IPO Close Date | August 2021 |
| Basis of Allotment Date | August 2021 |
| Initiation of Refunds | August 2021 |
| Credit of Shares to Demat Account | August 2021 |
| IPO Listing Date | August 2021 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly
equivalent
|
| Non Institutional Investor | 15 |
Roughly
equivalent
|
| Retail | 10 | Minimum level of 1 lot, based on availability, for every shareholder. |
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.
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
| August 2021 | |||
| August 2021 | |||
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| August 2021 |
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
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| August 2021 | 1 | |||||
| August 2021 | 2 | |||||
| August 2021 | 3 |
Promoters
- Sumer Raj Lodha
- Nirmala Lodha
- Abhishek Sumerraj Lodha
Promoter’s Holding
| Pre Issue Share Holding | 83.96% |
| Post Issue Share Holding |
Uma Converter IPO Prospectus
Contact Details
Uma Converter Limited
Block number 868, Near CNG Petrol Pump, Santej Road, Village – Santej,
Taluka – Kalol, Gandhinagar- 382 721, Gujarat, India.;
Telephone: +91 93 2710 3652
E-mail : [email protected]
Website: www.umaconverter.com
Registrar
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 8299
E-mail: [email protected]
Website: www.bigshareonline.com
Lead Manager(s)
- GYR Capital Advisors private Limited
We hope we are able to answer all your questions about Uma Converter IPO. If you don’t have a Demat account, open it now with Zerodha best trading app.
Clarification
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
We do not engage in grey market trading or facilitate the purchase or sale of IPO forms.
What is Grey Market?
The phrase “grey market” refers to an illegal over-the-counter market where IPO applications and IPO stock are traded before the entity is listed on a stock exchange. This is a technique for dealers to help consumers who wish to sell their home before it goes on the market.
This is also a way to increase the listing fee and provide help for the issue prior to the listing. In the IPO grey market, there are two types of transactions that take place:
- IPO stocks are traded at a premium in the grey market.
- At a kostak, an IPO application is traded.
What is grey Market Premium?
The Grey Market Premium, or GMP, is the price at which IPO stock shares are exchanged in the grey market.
This could be correct or incorrect, implying that the grey market trading price is greater or cheaper than the issue price, depending on demand and supply for the stocks.
Typically, individuals who do not want to incur the risk of their shares not being allocated through an IPO can purchase shares on the grey market in the hopes of flipping them on the IPO for a profit.
What is Kostak?
The additional amount in rupees at which IPO applications are sold in the IPO Grey Market is known as kostak (or price of application). The bonus of a maximum lot retail application in an IPO is generally described as the ‘Kostak’ value.
The Kostak price is significant primarily before the offer is closed for subscription and the ultimate bidding status is made accessible to IPO participants. After the final auction status is known to investors, only a small percentage of IPO applications are exchanged.
‘Kostak’ is made for those who do not want to incur a risk on an IPO or gain from a listing.
Example:
Uma Converter IPO
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720
This means Uma Converter IPO applications of Rs 13770 are being traded in IPO Grey Market at Rs 680 to Rs 720.
Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
Kostak rate
The Kostak rate is the fee received by an investor who sells his or her IPO application on the grey market. Regardless of allotment status, this is the money an individual stands to gain.
Subject to Sauda
The money that an investor stands to gain by selling his or her application for firm allotment is referred to as the subject to Sauda. Firm allocation is the important operative phrase here. The sauda will be cancelled if the applicant is not allotted.
When selling an IPO application in the grey market, the client and seller agree that the sale will only be legal if the seller receives the allocation. The deal is avoided if the seller does not get any stocks throughout the IPO procedure.
FAQ
Uma Converter IPO Opening Date?
Uma Converter IPO will open in August 2021.
Uma Converter IPO Listing Date?
Uma Converter IPO will list in August 2021.
Uma Converter IPO GMP Today?
Uma Converter IPO Grey Market Premium is INR 0.
Uma Converter IPO Allotment Date?
Uma Converter IPO basis of allotment will be in August 2021.
Lot size for Uma Converter IPO?
Lot size for IPO is 0.
