Updater Services Limited IPO
Introduction
Started in 1990, Updater Services Limited specializes in facility management and business support services (BSS) in the Business-to-Business (B2B) sector. Their services are categorized into two main segments: Integrated Facility Management (IFM) and Other Services, which encompass production support, engineering, and hygiene services, among others. The company's Business Support Services (BSS) segment includes offerings like audit and assurance services via its subsidiary, Matrix, as well as employee background checks, airport ground handling, and sales enablement services through various subsidiaries. Updater Services Limited plays a vital role in delivering comprehensive B2B services to various industries.
Your Comprehensive Guide to the Updater Services Limited IPO
Are you ready to explore the Updater Services Limited IPO? This comprehensive guide provides you with all the essential details you need to know about this upcoming Initial Public Offering, from key dates to pricing and more. Let's dive in!
Key IPO Details
- IPO Dates: The Updater Services Limited IPO is scheduled to open on September 25, 2023, and close on September 27, 2023.
- Face Value: Each share holds a face value of ₹10.
- Price Band: The price per share in the IPO falls within the range of ₹280 to ₹300.
- Lot Size: The lot size for this IPO is 50 shares.
- Total Issue Size: Updater Services Limited aims to issue a total of 21,333,333 shares, aggregating up to ₹640.00 Crores.
- Fresh Issue: Out of the total shares, 13,333,333 are part of the fresh issue, amounting to ₹400.00 Crores.
- Offer for Sale: The remaining 8,000,000 shares, with a face value of ₹10, are offered for sale, aggregating up to ₹240.00 Crores.
- Issue Type: This IPO follows a Book Built Issue structure.
- Listing Exchanges: Once listed, the shares will be available for trading on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
Shareholding Changes
- Pre-Issue Shareholding: Prior to the IPO, the company's pre-issue shareholding stands at 53,369,355 shares.
- Post-Issue Shareholding: Post the IPO, the shareholding will increase to 66,702,688 shares.
IPO Timeline
Here's a tentative schedule for the Updater Services Limited IPO:
- IPO Opens: September 25, 2023
- IPO Closes: September 27, 2023
- Basis of Allotment: October 4, 2023
- Refunds Initiation: October 5, 2023
- Credit of Shares to Demat: October 6, 2023
- Listing Date: October 9, 2023
- Cut-off time for UPI mandate confirmation: 5 PM on September 27, 2023
Allocation for Different Investor Categories
The allocation of shares in this IPO is as follows:
- Anchor Investors: 45.00% of the shares (9,600,000 shares)
- QIB (Qualified Institutional Buyers) Shares: 30.00% of the shares (6,400,000 shares)
- NII (Non-Institutional Investors) or HNI Shares: 15.00% of the shares (3,200,000 shares)
- Retail Shares: 10.00% of the shares (2,133,333 shares)
Financials of the company (Amount In crore)
| Period Ended | Assets | Revenue | Profit After Tax |
|---|---|---|---|
| 31 Mar 2021 | 579.49 | 1,216.35 | 47.56 |
| 31 Mar 2022 | 874.57 | 1,497.89 | 57.37 |
| 31 Mar 2023 | 1,216.95 | 2,112.09 | 34.61 |
FAQs: Your Questions Answered
Q1: What is the Updater Services Limited IPO?
The Updater Services Limited IPO is the Initial Public Offering of shares by Updater Services Limited, a company that offers facility management services and business support services.
Q2: When is the IPO open, and when does it close?
The Updater Services Limited IPO opens on September 25, 2023, and closes on September 27, 2023.
Q3: What is the price band for the IPO shares?
The price band for the IPO shares is ₹280 to ₹300 per share.
Q4: How many shares are available in the IPO?
Updater Services Limited aims to issue a total of 21,333,333 shares in the IPO.
Q5: Can retail investors participate in this IPO?
Yes, retail investors can participate in this IPO.
Q6: How can I apply for the Updater Services Limited IPO?
You can apply for the Updater Services Limited IPO through your preferred stockbroker using the UPI (Unified Payments Interface) method.
Q7: Where will the shares be listed?
Once listed, the shares will be available for trading on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
Q8: What is the significance of this IPO in the facility management industry?
The IPO is a significant event in the facility management industry as it allows Updater Services Limited to raise capital for expansion and growth in this sector.
Q9: What are the key financial highlights of Updater Services Limited?
Unfortunately, the financial highlights of Updater Services Limited for the specified periods are not available in the provided information.
Q10: What should investors consider before investing in this IPO?
Investors should consider factors such as the company's financial performance, growth prospects, competitive landscape, and overall market conditions before making an investment decision. It's advisable to consult with financial experts and read the IPO prospectus for detailed information.
Important Links
Open Free Demat Account : Angel One
Upcoming IPO : Click here
IPO Allotment status : Check here ( Link Intime India Private Ltd )