Uma Converter Limited IPO Review

Uma Converter Limited, founded in 2000, manufactures flexible packaging material. Multi-color pouches, stand-up pouches, zip-lock pouches, vacuum pouches, paper bags, e-commerce bags, and other products are part of the company’s product portfolio.
On a job-by-job basis, the company also manufactures and performs various printing and laminating procedures for other parties.

The company has also signed a service agreement with Ambuja Cements Limited for the environmentally appropriate disposal of plastic waste in the cement kiln process at high temperatures and lengthy residence time, while concurrently producing cement of required grade.

Uma Converter Limited produces packaging material for the food and beverage business, e-commerce industry, pharmaceutical industry, hygiene and personal care industry, domestic industry, and agriculture industry. The company’s R&D Division is headquartered in both Unit I and Unit II to execute a performance-oriented approach using in-house created technologies.

The company operates from two production plants in Gujarat, namely Unit – I in Santej and Unit – II in Timba, and has a quality control and assurance division (” Quality Division”) in each manufacturing unit. Revenues from operations were Rs 18,698.56 lakhs, Rs 15,813.30 lakhs, and Rs 10,359.10 lakhs during Fiscals 2022, 2021, and 2020, respectively.