Updater Services Limited IPO

Mainboard

Diversified Commercial Services

Listed On: Oct 4, 2023 at ₹ 285.0(NSE)

₹ 15000 /50 Shares

Check Allotment

Price Summary

Last Closing

371.00 (23.67%)

52 Week High

404.80

52 Week Low

235.30

Last Update

19-Sep-2024 3:30 PM

Updater Services Limited IPO Details

25 Sep, 2023

Open Date

27 Sep, 2023

Close Date

30 Sep, 2023

Allotment Date

04 Oct, 2023

Listing Date

Issue Price

₹280-300 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

285.0(NSE)

Listing Date

2023-10-04

Market Lot

Retail : 50 Shares (₹15,000/-)
S-HNI : 700 Shares (₹2,10,000/-)
B-HNI : 3,350 Shares (₹10,05,000/-)

Lead Manager

Iifl Securities Ltd
Motilal Oswal Investment Advisors LimitedSBI Capital Markets Limited

Issue Size

Total ₹640 Cr :
#Fresh Issue : 13,333,333 shares(aggregating up to ₹400.00 Cr) +
#OFS : 8,000,000 shares of ₹10(aggregating up to ₹240 Cr)

Retail Portion

10% (Number of Retail Applications: 42,667 Approx),
(Number of S-HNI Applications : 1,524 Approx),
(Number of B-HNI Applications : 3,048 Approx)

Subscription

2.90 times

IPO Docs

DRHP RHP ANCHOR

Updater Services Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	6,400,000	3,200,000 2,133,333 1,066,666	2,133,333	11,733,333
Day 1 - 25-09-23 05:00 PM	0.00 x	0.01 0.00 x 0.03 x	0.30 x	0.06 x
Day 2 - 26-09-23 05:00 PM	0.00 x	0.12 0.15 x 0.08 x	0.72 x	0.17 x
Day 3 - 27-09-23 05:00 PM	4.48 x	0.85 1.02 x 0.51 x	1.38 x	2.90 x

Total No. of Applications: 49,623 (Approx)

Retail Subscription on the basis of Applications: 1.16 times

Updater Services Limited Valuations

Earnings Per Share (EPS)

₹6.77/-

P/E Ratio

N/A

RoNW

9.34%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

Updater Services Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	1,216.95	874.57	579.49
Revenue	2,112.09	1,497.89	1,216.35
Profit After Tax	34.61	57.37	47.56

About The Company

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.

Updater Services Limited - Promoter(s)

Pre Issue Share Holding: 80.58%

Post Issue Share Holding: 58.47%

Company Promoter(s)

Raghunandana Tangirala
Shanthi Tangirala
Tangi Facility Solutions Private Limited

Updater Services Limited IPO - Issue Objectives

Repayment and /or prepayment of certain borrowings availed by the Company.
Funding the working capital requirements.
Pursuing inorganic initiatives.
General corporate purposes.

Updater Services Limited IPO - Anchor Investors

Updater Services raises Rs 288 crore via anchor book, a day before issue opening.

Total 18 investors participated in the anchor book including marquee names like Societe Generale, Copthall Mauritius Investment, Citigroup Global, BNP Paribas Arbitrage - ODI and Nomura Singapore.

Domestic participants also invested in the company including ICICI Prudential Mutual Fund, Franklin India, Aditya Birla Sun Life Insurance, Bandhan Mutual Fund, Motilal Oswal, and 360 One Special Opportunities Fund, via anchor book.

Updater Services Limited IPO - FAQs

Ans. Updater Services Limited IPO is a Mainboard IPO. The issue is priced at ₹280-300 per equity share. The minimum order quantity is 50 Shares. The IPO opens on Sep 25, 2023, and closes on Sep 27, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Updater Services Limited IPO opens on Sep 25, 2023 and closes on Sep 27, 2023.

Ans. The size of Updater Services Limited IPO is Total ₹640 Cr : #Fresh Issue : 13,333,333 shares(aggregating up to ₹400.00 Cr) + #OFS : 8,000,000 shares of ₹10(aggregating up to ₹240 Cr).

Ans. The IPO price band is set between ₹280-300 per equity share.

Ans. To apply for Updater Services Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Updater Services Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Updater Services Limited IPO is Sep 30, 2023.

Ans. The Updater Services Limited IPO will be listed on Oct 4, 2023.

Ans. Follow the steps to check the allotment status for Updater Services Limited IPO here.