Updater Services Limited IPO
₹280 - ₹300
50
2.96
| Open Date: | 25-Sep-2023 |
| Close Date: | 27-Sep-2023 |
| Allotment Date: | 30-Sep-2023 |
| Listing Date: | 04-Oct-2023 |
| Listing Price: | ₹285/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹280-300 Per Equity Share |
| Issue Size: | Total Issue Size 21,333,333 shares (aggregating up to ₹640.00 Cr) : Fresh Issue 13,333,333 shares (aggregating up to ₹400.00 Cr) : Offer for Sale 8,000,000 shares of ₹10 (aggregating up to ₹240.00 Cr) |
| Market Lot (Min Amount): | Retail - ₹15,000 : S-HNI - ₹210,000 : B-HNI - ₹1,005,000 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 6,400,000 | 3,200,000 | 2,133,333 | 11,733,333 |
| Day 1 - 22-11-23 05:00 PM | 0.00x | 0.01x | 0.32x | 0.06x |
| Day 2 - 23-11-23 05:00 PM | 0.00x | 0.12x | 0.72x | 0.17x |
| Day 3 - 24-11-23 05:00 PM | 4.50x | 0.89x | 1.45x | 2.96x |
| Total No. of Application: | 49,623 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 1.16x | |||
| Earning Per Share(EPS) | ₹6.77/- |
| P/E Ratio | 44.31 |
| RoNW | 9.34% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 1,216.95 | 2,112.09 | 34.61 |
| 31 Mar,2022 | 874.57 | 1,497.89 | 57.37 |
| 31 Mar,2021 | 579.49 | 1,216.35 | 47.56 |
| Pre Issue Share Holding | 80.58% |
| Post Issue Share Holding | 58.47% |
| 1. Raghunandana Tangirala |
| 2. Shanthi Tangirala |
| 3. Tangi Facility Solution Private Limited |
Objects of the Fresh Issue:
1. Repayment and /or prepayment of certain borrowings availed by the Company.
2. Funding the working capital requirements.
3. Pursuing inorganic initiatives.
4. General corporate purposes.
Incorporated in 1990, Updater Services Limited offers facility management services and business support services ("BSS"). The company operates in the Business-to-Business ("B2B") services space offering a spectrum of business services, which are broadly classified into the two following segments: 1. IFM & Other Services Segment; and 2. BSS Segment.
In FM & Other Services Segment; Production Support Services, Soft Services, Engineering Services, Washroom and Femmenine Hygiene, Warehouse management, General Staffing and more.
In the BSS segment, the company offers Audit and Assurance services through the Subsidiary, Matrix. UDS also offer employee background verification check services, airport ground handling services, sales enablement services and more through its subsidiaries.
As of June 30, 2023, UDS served 2,797 customers across various sectors, including certain global and Indian customers such as Procter & Gamble Home Products Limited ("P&G"), Aditya Birla Fashion and Retail Limited ("ABFRL"), Microsoft, Hyundai Motor India Limited ("Hyundai"), Saint-Gobain India Private Limited and more.
Updater Services Limited is a pan India player, with a widespread network consisting of 4,331 locations (excluding staffing locations) managed from 129 points of presence with 116 offices situated in India and 13 offices situated overseas, as of June 30, 2023.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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