Updater Services Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹280 - ₹300
- Lot size
- 50 shares
- Issue amount
- ₹640 cr
- Total subscription
- 2.9×
- Opens
- 25 Sept 2023
- Closes
- 27 Sept 2023
- Allotment
- 30 Sept 2023
- Listing
- 4 Oct 2023
Offer at a glance
Issue overview
- Issue size
- 2,13,33,333 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,000
- Fresh issue
- ₹400 cr
- Offer for sale
- ₹240 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹15,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 5,33,69,355
- Shares after issue
- 0
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 50 | ₹15,000 |
| sHNI | 14 | 700 | ₹2,10,000 |
| bHNI | 67 | 3,350 | ₹10,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 192.86 | 864.43 |
| RETAIL | 66.86 | 92.59 |
| HNIs 2+ | 33.43 | 16.93 |
| HNIs 10+ | 66.86 | 68.3 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 6.77 |
| ROE | 9.4 |
| ROCE | 14.17 |
| RONW | 9.34 |
| PRE IPO(PE) | 44.31 |
| POST IPO(PE) | 57.8 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1990, Updater Services Limited is a B2B services company offering facility management and business support services across India. Its business is divided into two segments: (1) IFM & Other Services – which includes production support, soft services, engineering services, washroom hygiene, warehouse management, general staffing, etc., and (2) BSS – where, through subsidiaries, it provides audit & assurance, employee background verification, airport ground handling, sales enablement and other business services. As of June 30, 2023, UDS served 2,797 customers including major brands like P&G, ABFRL, Microsoft, Hyundai and Saint-Gobain. The company has a wide pan-India presence with 129 points of presence, 116 offices in India and 13 offices overseas.
Promoters
Raghunandana Tangirala
Shanthi Tangirala
Tangi Facility Solutions Private Limited
Registrar & documents
Lead manager
IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No. 2/302-A, UDS Salai, Off Old Mahabalipuram Road, Thoraipakkam, Chennai 600 097, Tamil Nadu, India
+91 44 24963234
[email protected]Company website ↗Understanding UDS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.