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.
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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
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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
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What is Updater Services IPO Size?
What is Updater Services IPO Price Band?
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