Updater Services Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 24-09-2023 | 26-09-2023 | 10 per share | 280 | 50 Shares | mainline | 21,333,333 shares (aggregating up to ₹640.00 Cr) | 2023-10-03 18:30:00 | 2023-10-04 18:30:00 | 2023-10-05 18:30:00 | 08-10-2023 |
About The Company
Updater Services IPO is a book built issue of Rs 640.00 crores. The issue is a combination of fresh issue of 1.33 crore shares aggregating to Rs 400.00 crores and offer for sale of 0.8 crore shares aggregating to Rs 240.00 crores.
Updater Services IPO opens for subscription on September 25, 2023 and closes on September 27, 2023. The allotment for the Updater Services IPO is expected to be finalized on Wednesday, October 4, 2023. Updater Services IPO will list on BSE, NSE with tentative listing date fixed as Monday, October 9, 2023.
Updater Services IPO price band is set at ₹280 to ₹300 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (700 shares), amounting to ₹210,000, and for bNII, it is 67 lots (3,350 shares), amounting to ₹1,005,000.
Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the book running lead managers of the Updater Services IPO, while Link Intime India Private Ltd is the registrar for the issue
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2021 | 579 | 1216 | 48 | 285.26 | 0 | 11.61 |
| 30-03-2022 | 875 | 1498 | 57 | 340.43 | 0 | 58.68 |
| 30-03-2023 | 1217 | 2112 | 35 | 380.89 | 0 | 176.54 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investor Shares Offered | 1 |
| Qualified Institutions | 0.00 |
| Non-Institutional Buyers | 0.01 |
| bNII (bids above ₹10L) | 0.00 |
| sNII (bids below ₹10L) | 0.02 |
| Retail Investors | 0.22 |
| Total | 0.04 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | 15000 |
| Retail (Max) | 13 | 650 | 195000 |
| S-HNI (Min) | 14 | 700 | 210000 |
| S-HNI (Max) | 66 | 3300 | 990000 |
| B-HNI (Min) | 67 | 3350 | 1005000 |
IPO Listing Details
| Listing Date | 08-10-2023 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 21 |
Promoter holdings
Raghunandana Tangirala, Shanthi Tangirala and Tangi Facility Solutions Private Limited
Contact Information of the Company
Updater Services Limited
No. 2/302-A, UDS Salai,
Off Old Mahabalipuram Road, Thoraipakkam,
Chennai 600 097, Tamil Nadu, India
Phone: +91 44 24963234 / 0333
Email: compliance.officer@uds.in
Website: https://www.uds.in/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: uds.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
IPO Lead Manager
Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited