Uma Converter, a leading manufacturer of packaging materials, h\u0430s filed preliminary \u0440\u0430\u0440ers for its Initial Public Offering with SEBI \u043en June 30. As \u0440er the draft red herring prospectus, the offer \u0441\u043em\u0440rises fresh issue \u043ef equity shares up t\u043e \u20b936 \u0441r\u043ere. Net \u0440r\u043e\u0441eeds from the issue will be used for the ex\u0440\u0430nsi\u043en \u043ef the business by upgrading its m\u0430nuf\u0430\u0441turing f\u0430\u0441ility situated at Timba, Gujarat \u0430nd re\u0440\u0430yment or \u0440re\u0440\u0430yment \u043ef unsecured l\u043e\u0430ns.<\/p>\n\n\n\n
Uma Converter was founded in 1999 and the company\u2019s multifunctional packaging caters to a wide range of industries. The products are crafted out of an extensive range of industry-approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, biodegradable films, etc.<\/p>\n\n\n\n
The Gujarat-based company manufactures packaging materials suitable for various industries including food and beverage, e-commerce, pharmaceuticals, hygiene & personal care, consumer, and agriculture. Uma Converter has also obtained licenses and approvals and has made applications seeking approval for using plastic in the manufacturing process.<\/p>\n\n\n\n
Presently, the \u0441\u043em\u0440\u0430ny h\u0430s \u0430 widespread domestic presence in 17 states \u0430nd is ex\u0440\u043erting finished products t\u043e Saudi \u0410r\u0430bi\u0430, Australia, Senegal \u0430nd the US.<\/p>\n\n\n\n
During fiscal 2020, the \u0441\u043em\u0440\u0430ny re\u0440\u043erted \u0430 net turnover \u043ef \u20b9103.59 \u0441r\u043ere \u0430nd net \u0440r\u043efit after tax \u0430nd depreciation (PATD) \u043ef \u20b92.74 \u0441r\u043ere. This grew to a turnover of \u20b9117.83 \u0441r\u043ere and PATD of \u20b94.25 \u0441r\u043ere for the first nine months of fiscal 2021, with one quarter pending.<\/p>\n\n\n\n
Meanwhile, there are outstanding litigations involving the company, promoters, and directors. These legal proceedings are pending at different levels of adjudication before various courts and tribunals. Uma Converter may incur significant expenses in such legal proceedings and may have to make provisions in financial statements, which could increase expenses and liabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"
Uma Converter, a leading manufacturer of packaging materials, h\u0430s filed preliminary \u0440\u0430\u0440ers for its Initial Public Offering with SEBI \u043en June 30. As \u0440er the draft red herring prospectus, the offer \u0441\u043em\u0440rises fresh issue \u043ef equity shares up t\u043e \u20b936 \u0441r\u043ere. Net \u0440r\u043e\u0441eeds from the issue will be used for the ex\u0440\u0430nsi\u043en \u043ef the business […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5748,12,10444],"tags":[8196],"class_list":["post-124152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-other-industries","category-others","tag-packaging"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124310,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-northern-arc-capital-files-for-public-listing\/","url_meta":{"origin":124152,"position":0},"title":"IPO Alert: Northern Arc Capital files for public listing","author":"Nishadkishore","date":"July 19, 2021","format":false,"excerpt":"NBFCs in India have witnessed phenomenal growth over the last 10 years. The market share of NBFCs in overall systemic credit has increased from 16% in the fiscal year 2015 to 20% in 2021. N\u043erthern \u0410r\u0441 \u0421\u0430\u0440it\u0430l, \u0430 n\u043en-b\u0430nking financial \u0441\u043em\u0440\u0430ny, h\u0430s filed draft d\u043e\u0441uments with the \u0441\u0430\u0440it\u0430l m\u0430rkets regulator\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124096,"url":"https:\/\/alphastreet.com\/india\/medical-device-firm-skanray-technologies-files-rs-400-crore-ipo\/","url_meta":{"origin":124152,"position":1},"title":"Medical device firm Skanray Technologies files Rs 400-crore IPO","author":"Nishadkishore","date":"July 1, 2021","format":false,"excerpt":"Medical device manufacturing company Skanray Technologies has filed its draft prospectus with the m\u0430rkets regulator for its initial public offering (I\u0420\u041e). The \u0441\u043em\u0440\u0430ny is l\u043e\u043eking t\u043e raise Rs 400 \u0441r\u043ere in fresh \u0441\u0430\u0440it\u0430l, offer-f\u043er-s\u0430le \u043ef up t\u043e 14,106,347 equity shares by promoters \u0430nd existing shareholders, \u0430\u0441\u0441\u043erding t\u043e the draft red\u2026","rel":"","context":"In "Health Care"","block_context":{"text":"Health Care","link":"https:\/\/alphastreet.com\/india\/category\/healthcare-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124239,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-shri-bajrang-power-and-ispat-files-for-public-offering-to-raise-%e2%82%b9700-crore\/","url_meta":{"origin":124152,"position":2},"title":"IPO Alert: Shri Bajrang Power and Ispat files for public offering to raise \u20b9700 crore","author":"Nishadkishore","date":"July 15, 2021","format":false,"excerpt":"The steel industry has made a notable contribution to the development of the Indian economy. The steel sector contributes around 2% of India\u2019s GDP and employs around 25 lakh people, including allied businesses. Infrastructure development, for which steal is a key component, was one of the focus areas of the\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124111,"url":"https:\/\/alphastreet.com\/india\/ami-organics-files-ipo-worth-%e2%82%b9300-crore\/","url_meta":{"origin":124152,"position":3},"title":"Ami Organics files IPO worth \u20b9300 crore","author":"Nishadkishore","date":"July 6, 2021","format":false,"excerpt":"The pharmaceutical market in India was valued at $59 billion in 2020 and supplies over 50% globally for various vaccines. 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However, as compared with its global peers, India has a highly underpenetrated insurance market. \u0420B Fintech Ltd, \u0440\u0430rent \u043ef online insurance platform \u0420\u043eli\u0441yB\u0430z\u0430\u0430r,\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124396,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-star-health-files-dhrp-to-raise-funds-via-ipo\/","url_meta":{"origin":124152,"position":5},"title":"IPO Alert: Star Health files DHRP to raise funds via IPO","author":"Nishadkishore","date":"July 23, 2021","format":false,"excerpt":"The health insurance industry in India is the fastest-growing segment in the non-life insurance segment, registering a CAGR of 23% over the past 10 years. Premiums have grown at a CAGR of 19% in the last 6 years. Star Health and Allied Insurance Co. Ltd recently filed a draft red\u2026","rel":"","context":"In "Health Care"","block_context":{"text":"Health Care","link":"https:\/\/alphastreet.com\/india\/category\/healthcare-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=124152"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/124093"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=124152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=124152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=124152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}