Updater Services Ltd IPO allotment finalized: A Step-by-Step Guide to Checking Your Status in 6 Simple Steps

Updater Services Ltd IPO allotment:

If you've applied for the Updater Services Ltd IPO, you're likely eager to know the allocation status. Well, the wait is over! The allotment process has been completed, and now you can easily check how many shares you've been allotted. You can do this by visiting the Link Intime India Pvt Ltd registrar website. Moreover, for those who didn't receive an allotment, rest assured, the refund process has also been finalized.

Updater Services Ltd IPO allotment date:

The allotment date for the Updater Services Ltd IPO has been confirmed, and allotments have been finalized. Investors who applied for the issue can now verify their allotment status on the registrar portal designated for Updater Services Ltd IPO, managed by Link Intime India Pvt Ltd. You can discover the number of shares allotted to you through the registrar's website. Additionally, the company has concluded the refund process for investors who were not allotted shares. The subscription period for Updater Services Ltd IPO commenced on September 25, 2023, and concluded on September 27, 2023.

Updater Services Ltd IPO subscription:

On the third day of subscription, the Updater Services Ltd IPO witnessed [-] times subscription. The listing date is scheduled on October 4, 2023. Investors can ascertain their share allocation through the basis of allotment process and check their allotment status. For those who were not allocated shares, the refund process will commence on October 5, 2023. Those allotted shares will receive them in their demat accounts on [-]. The listing date for Updater Services Ltd IPO is confirmed to be October 4, 2023.

Updater Services Ltd IPO: How to check allotment status?

If you've applied for the Updater Services Ltd IPO, you can easily check your allotment status on the Link Intime India Pvt Ltd website. Here's a simple guide to check your allotment status:

  • Go to the Link Intime India Pvt Ltd website.
  • Select the Updater Services Ltd IPO from the dropdown menu.
  • Choose either your Application Number, Demat Account, or PAN to proceed.
  • Select your application type as ASBA or non-ASBA.
  • Provide the required details based on your selection in the previous step.
  • Complete the Captcha verification.
  • Click on the submit button to view your allotment status.

How to check Updater Services Ltd IPO allotment status on BSE:

  • Navigate to the allotment page on the official BSE website via this link: https://www.bseindia.com/investors/appli_check.aspx
  • In the 'Issue Type' section, opt for 'Equity' and pick the Updater Services Ltd IPO from the dropdown menu labeled 'Issue Name'.
  • Enter either your PAN or application number, then click the 'Submit' button.

How to check Updater Services Ltd IPO allotment status on NSE:

  • to NSE's official website using this link:https://www.nseindia.com/
  • Choose the 'Click here to sign up' option and complete the registration process using your PAN details.
  • Enter your username, password, and captcha code on the subsequent page.
  • Once logged in, navigate to the designated section to check the IPO allotment status.

Allocation quota for Updater Services Ltd

The following table outlines the allocation quotas for different categories, detailing both the number of shares and the percentage of the total share capital raised. However, it's primarily the quotas for retail and HNI investors that are of significant interest.

Category of Investors Allocation of shares under IPO
Reservation for Employees 0 (0%)
Anchor Allocation 96,00,000 (45%)
QIB Shares Offered 64,00,000 (30%)
NII (HNI) Shares Offered 32,00,000 (15%)
Retail Shares Offered 21,33,333 (10%)
Total Shares Offered 2,13,33,332

Data Source: BSE, NSE

Let's now examine how different categories of investors participated in placing their bids for the IPO of Updater Services Ltd.

Subscription levels for Updater Services Ltd

Next, let's delve into the level of subscription. The table below illustrates the degree of subscription for each category, along with the overall subscription for Updater Services Ltd.

Category Subscription Status
Qualified Institutional Buyers (QIB) [-]
S (HNI) ₹2 lakhs to ₹10 lakhs [-]
B (HNI) Above ₹10 lakhs [-]
Non Institutional Investors (NII) [-]
Retail Individuals [-]
Employees [-]
Overall Subscription [-]

Data Source: BSE, NSE

The QIB portion witnessed a subscription of [-] times, while the HNI/NII portion saw a subscription of [-] times. The Retail portion experienced a subscription of [-] times, culminating in an overall subscription of [-] times for the IPO.

Frequently Asked Questions

What is Updater Services Ltd IPO?

Answer Field

Updater Services Ltd IPO is a Mainboard IPO of 2,13,33,332 equity shares of a face value of ₹10 aggregating up to ₹640 Crores. The issue is priced at ₹300 to ₹300 per share. The minimum order quantity is 50 Shares. The IPO opens on September 25, 2023, and closes on September 27, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Updater Services Ltd IPO will open?

Answer Field

The Updater Services Ltd IPO opens on September 25, 2023 and closes on September 27, 2023.

What is the lot size of Updater Services Ltd?

Answer Field

Updater Services Ltd lot size is 50 shares, and the minimum amount required is ₹15,000.

How to apply for Updater Services Ltd IPO?

Answer Field

You can apply in Updater Services Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Updater Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Updater Services Ltd IPO will be done on September 28, 2023, and the allotted shares will be credited to your demat account by October 03, 2023.

When is Updater Services Ltd IPO listing date?

Answer Field

The Updater Services Ltd listing date is October 04, 2023.

Who is the registrar of Updater Services Ltd IPO?

Answer Field

The registrar of Updater Services Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

IIFL Securities Ltd,Motilal Oswal Investment Advisors Ltd,SBI Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Updater Services Ltd IPO?

Answer Field

The fresh issue size is ₹400 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Updater Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 50 shares and ₹15,000 amount.

How can I approve the UPI mandate request for Updater Services Ltd IPO?

Answer Field

To apply for Updater Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Updater Services Ltd?

Answer Field

The price of each Updater Services Ltd share will be ranging in between ₹300 to ₹300 per share.

What is the cut-off time for the UPI mandate for Updater Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 27, 2023.

No results found

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7.5 Lacs+ Users

icon-with-text

4.3+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300 Cr MTF Book

icon-with-text