Home IPO Updater Services IPO Date, Review, Price, Allotment Details

Updater Services IPO Date, Review, Price, Allotment Details

Updater Services is a number one, centered, and built-in trade services and products platform in India providing built-in amenities control (“IFM”) services and products and trade beef up services and products (“BSS”) to our shoppers, with a pan-India presence. (Source: F&S Report). They are the second one greatest participant within the IFM marketplace in India and feature the widest carrier providing within the trade, making us a singular and differentiated participant available in the market. (Source: F&S Report).

Updater Services operates within the Business-to-Business (“B2B”) services and products house providing a spectrum of commercial services and products, which can be extensively categorized into the 2 following segments: (1) IFM & Other Services Segment, and (2) BSS Segment.

The corporate portfolio of services and products has additionally developed over time to cater to the wishes of various buyer segments throughout a variety of sectors together with FMCG, production and engineering, banking, monetary services and products and insurance coverage (“BFSI”), healthcare, information expertise/information technology-enabled services and products (“IT / ITeS”), cars, logistics and warehousing, airports, ports, infrastructure, and retail, amongst others. They served many purchasers throughout quite a lot of sectors, together with positive marquee world and Indian shoppers equivalent to 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 (“Saint-Gobain”), Tata Consultancy Services Limited (“TCS”), LTIMindtree Limited (“Mindtree”), Honda Motorcycle and Scooter India Private Limited (“Honda”), IIFL Finance Limited (“IIFL Finance”), SBI Life Insurance Company Limited (“SBI Life Insurance”), Sony India Private Limited (“Sony”) and Shriram Transport Finance Company Limited (“Shriram Transport”).

Objects of the Issue

  • Repayment and /or prepayment of positive borrowings availed through the Company.
  • Funding the running capital necessities.
  • Pursuing inorganic projects.
  • General company functions.

Updater Services IPO Review (Apply or Not)

Brokerage Firm IPO Review

  • Capital Market: To be up to date quickly
  • Religare Broking: To be up to date quickly
  • Hem Securities: To be up to date quickly
  • Arihant Capital: To be up to date quickly

Updater Services IPO Date & Price Band Details

IPO Open: September 25, 2023
IPO Close: September 27, 2023
IPO Size: Approx ₹[.] Crores
Fresh Issue: Approx ₹400 Crores
Offer for Sale: Approx 8,000,000 Shares
Face Value: ₹10 Per Equity Share
IPO Price Band: ₹[.] to ₹[.] Per Share
IPO Listing on: BSE & NSE
Retail Quota: 10%
QIB Quota: 75%
 NII Quota: 15%
Discount: N/A
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here
Anchor Investors List: Click Here

Updater Services IPO Market Lot

The Updater Services IPO minimal marketplace lot is [.] stocks with ₹[.] software quantity. The retail buyers can observe up-to 13 quite a bit with [.] stocks or ₹[.] quantity.

Application Lot Size Shares Amount
Retail Minimum 1 ₹-
Retail Maximum 13 ₹-
S-HNI Minimum 14 ₹-
B-HNI Minimum 68 ₹-

Updater Services IPO Allotment & Listing Dates

The Updater Services IPO date is Septmber 25 and the shut date is September 27. The Updater Services IPO allotment will probably be finalized on October 4 and the IPO list on October 9.

Anchor Investors Allotment: September 24, 2023
IPO Open Date: September 25, 2023
IPO Close Date: September 27, 2023
Basis of Allotment: October 4, 2023
Refunds: October 5, 2023
Credit to Demat Account: October 6, 2023
IPO Listing Date: October 9, 2023

You can take a look at IPO subscription standing and IPO allotment standing on their respective pages.

Updater Services IPO Form

How to use for the Updater Services IPO? You can observe for Updater Services IPO by means of ASBA to be had to your checking account. Just cross to the net financial institution login and observe by means of your checking account through settling on the Updater Services IPO within the Invest segment. The different possibility is you’ll observe for Updater Services IPO by means of IPO bureaucracy downloaded by means of NSE and BSE. Check out the Updater Services bureaucracy – Click BSE Forms & NSE Forms clean IPO bureaucracy obtain, fill, and publish to your financial institution or along with your dealer.

Updater Services Company Financial Report

  ₹ in Crores
Year Revenue Expense PAT
2021 ₹1216 ₹1162 ₹47.56
2022 ₹1498 ₹1427 ₹53.37
2023 ₹2112 ₹2058 ₹34.61

Updater Services IPO Valuation – FY2023

Check Updater Services IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.

Earning Per Share (EPS): ₹6.77 in line with Equity Share
Price/Earning P/E Ratio: N/A
Return on Net Worth (RoNW): 9.34%
Net Asset Value (NAV): ₹71.93 in line with Equity Share

Peer Group

  • Quess Corp Limited
  • SIS Limited
  • TeamLease Services Limited
  • Raghunandana Tangirala
  • Shanthi Tangirala
  • Tangi Facility Solutions Private Limited

Updater Services IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Updater Services IPO Allotment Status Check

Check Updater Services IPO allotment standing on Linkintime website online allotment URL. Click Here

Updater Services IPO Lead Managers aka Merchant Bankers

  • Iifl Securities Ltd
  • Motilal Oswal Investment Advisors Limited
  • SBI Capital Markets Limited

Company Address

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: [email protected]
Website: https://www.uds.in/

Updater Services IPO FAQs

What is Updater Services IPO?

Updater Services IPO is a main-board IPO. They are going to lift ₹[.] Crores by means of IPO. The factor is priced at ₹[.] to ₹[.] pr fairness percentage. The IPO is to be indexed on BSE & NSE.

When Updater Services IPO will open?

The IPO is to open on September 25, 2023 for QIB, NII, and Retail Investors.

What is Updater Services IPO Investors Portion?

The buyers’ portion for QIB is 75%, NII is 15%, and Retail is 10%.

How to Apply the Updater Services IPO?

You can observe for Updater Services IPO by means of ASBA on-line by means of your checking account. You too can observe for ASBA on-line by means of UPI via your inventory agents. You too can observe by means of your inventory agents through filling up the offline shape.

How to Apply the Updater Services IPO via Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Updater Services”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now cross for your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Updater Services IPO via Upstox?

Log in to the Upstox Application along with your credentials. Select the IPO. You will see the IPO Name “Updater Services”. Click on Bid Button. Confirm your Application. Now cross for your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Updater Services IPO via Paytm Money?

Log in to Paytm Money Application along with your credentials. Select the IPO. You will see the IPO Name “Updater Services”. Click on Bid Button. Confirm your Application. Now cross for your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Updater Services IPO Size?

Updater Services IPO measurement is ₹[.] crores.

What is Updater Services IPO Price Band?

Updater Services IPO Price Band is ₹[.] to ₹[.].

What is the Updater Services IPO Allotment Date?

Updater Services IPO allotment date is Octoher 4, 2023.

What is the Updater Services IPO Listing Date?

Updater Services IPO list date is October 9, 2023. The IPO is to record on BSE and NSE.

Note: The Updater Services IPO value band and date are formally introduced. The IPO gray marketplace top class (Updater Services IPO Premium) will probably be added to the IPO gray marketplace web page as it is going to get started).

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– Source : IPOWATCH

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