Updater Services Ltd

Miscellaneous

Offer Period :

25th to 9th Sep 2023

Updater Services Limited, established in 1990, specializes in facility management and business support services. Operating in the B2B space, it offers a range of services in IFM, production support, engineering, and BSS segments. Read more... With a pan-India presence and a diverse clientele, UDS is a prominent player in the industry.Read less

Updater Services Ltd IPO Details

IPO Date 25th to 9th Sep 2023 Minimum Investment ₹15000 / 1 Lots
Listing Date 2023-10-04 Maximum Investment ₹195000 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹640 Crores
Price ₹300 to ₹300 per share Fresh Issue ₹400 Crores
Lot Size 1 Lots (50 Shares) Offer For Sale ₹ 240
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 25th to 9th Sep 2023
Listing Date 2023-10-04
Face Value ₹10 per share
Price ₹300 to ₹300 per share
Lot Size 1 Lots (50 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹15000 / 1 Lots
Maximum Investment ₹195000 / 13 Lots
Total Issue Size ₹640 Crores
Fresh Issue ₹400 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

25th Sep

IPO Starts

27th Sep

IPO Ends

28th Sep

Allotment Date

29th Sep

Initiation of Refund

3rd Oct

Credit of Shares to Demat Account

4th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 80.58 58.47
Public Group 19.42 41.53

Updater Services Ltd IPO Reservation

QIB Shares Offered 6400000(30%)
NII (HNI) Shares Offered 3200000(15%)
Retail Shares Offered 2133333(10%)
Anchor Investor Shares Offered 9600000(45%)
Total Shares Offered 21333332
Total Shares With Anchor Investor 21333332

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Updater Services Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id uds.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Updater Services Ltd IPO Lead Manager

1. IIFL Securities Ltd

2. Motilal Oswal Investment Advisors Ltd

3. SBI Capital Markets Ltd

Explore IPOs


Explore comprehensive IPO details for every IPO. Access essential information such as listing price, listing date, issue price, lot size, issue size, minimum investment, and IPO timeline. Gain insights into the company's background, strengths, and potential risks. Track the subscription status and delve into the financials of the company, empowering yourself with crucial data for informed investment decisions. Stay ahead in the dynamic IPO market by staying informed on upcoming, ongoing, and past IPOs. 
 

Stay ahead in the ever-evolving IPO landscape with our comprehensive platform. We offer a holistic resource, ensuring you not only access essential details but also gain valuable insights into market trends. Navigate confidently, armed with intricate analyses, expert opinions, and real-time updates. Whether you're a seasoned investor or a novice, our user-friendly interface and extensive information empower you to make well-informed decisions. Experience the convenience of having a dedicated space where you can delve into the intricacies of IPOs, enabling a strategic and calculated approach to the dynamic stock market. 

Updater Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Updater Services Ltd

1. Integrated business services platform, operating across diverse segments.

2. Longstanding relationship with customers across diverse sectors leading to recurring business.

3. Track record of successful acquisition and integration of high margin business segments.

4. Pan India presence with large and efficient workforce coupled with strong recruitment capabilities.

5. Technology at the forefront of its current and future business.

6. Highly experienced Management team with support from PE Investors.

Risks Involved

1. Operational risks are inherent in the company business as it includes rendering services in contrasting environments. A failure to manage such risks including any errors, defects or disruption in its service or inability to meet expected or agreed service standards, could have an adverse impact on the company business, cash flows, results of operations and financial condition.

2. The company has a large workforce deployed across workplaces and customer premises. Consequently, its may be exposed to service-related claims and losses or employee disruptions that could have an adverse effect on the company reputation, business, cash flows, results of operations and financial condition.

3. The company's businesses are manpower intensive and its inability to attract and retain skilled manpower could have an adverse impact on the company growth, business and financial condition. Further, in the event its are not able to manage the company attrition, its may not be able to meet the expectations of the customers, which may have an adverse impact on the financial condition.

4. A significant portion of the company revenues are derived from a few geographical regions and any adverse developments affecting such regions could have an adverse effect on its business, cash flows, results of operation and financial condition.

5. The company's business could be adversely affected if its customers fail to renew their contracts with it or the company fail to acquire new customers.

6. The company face significant employee related regulatory risks and any significant disputes with its employees and/or concerned regulators may adversely affect the company business prospects, cash flows, results of operations and financial condition. Further, the company has significant employee benefit expenses, such as workers' compensation, staff welfare expenses and contribution to provident and other funds. In case its face an increase in employee costs that the company is unable to pass on to its customers, the company may be prevented from maintaining its any competitive advantage and the company profitability may be impacted.

7. The company has received and may in the future receive anonymous whistle blower complaints, which may adversely affect its reputation, which could consequently adversely impact the company business, cash flows, financial condition and results of operation.

8. The Proforma Financial Information included in this Draft Red Herring Prospectus may not be indicative of the company actual results of operations and financial position for such periods or as of such dates, or of expected results of operations in future periods or the company future financial position.

9. The company revenues and profitability vary across its business segments, thereby making the company future financial results less predictable.

10. The company may be unable to fully realize the anticipated benefits of its acquisitions, including that of Athena, and any future acquisitions or within the expected timeframe. If the company is unable to identify expansion opportunities or experience delays or other problems in implementing the expansion efforts, the company growth, business, cash flows, results of operations and financial condition may be adversely affected.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 1534.8 1216.95 874.57
Total Liabilities 1534.8 1216.95 874.57
Total Expenses 2383.39 2057.9 1426.95
Total Revenue 
2467.97 2112.09 1497.89
Profit After Tax 67.95 35.79 55.29
EBITDA 157.83 105.79 92.54
Adjusted EBITDA 0 0 0

Updater Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-04 543996 UDS
INE851I01011
₹300 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹300 ₹300
Open ₹299.9 ₹285
Low ₹282 ₹282
High ₹299.9 ₹298.65
Low ₹282 ₹282

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

Browse IPOs

upcoming-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • Sanstar LimitedMainboard IPO

  • Bidding Dates

    19th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹90 - 95

  • IPO Size

    ₹0

  • View More
current-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • SAHAJ SOLAR LIMITEDSME IPO

  • Bidding Dates

    11th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹171 - 180

  • IPO Size

    ₹52,56,00,000

  • Apply Now
  • SATI POLY PLAST LIMITEDSME IPO

  • Bidding Dates

    12th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹123 - 130

  • IPO Size

    ₹17,36,00,000

  • Apply Now
  • AELEA COMMODITIES LIMITEDSME IPO

  • Bidding Dates

    12th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹91 - 95

  • IPO Size

    ₹51,00,00,000

  • Apply Now
  • PRIZOR VIZTECH LIMITEDSME IPO

  • Bidding Dates

    12th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹82 - 87

  • IPO Size

    ₹25,15,00,000

  • Apply Now
  • TUNWAL EMOTORS LIMITEDSME IPO

  • Bidding Dates

    15th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹59 - 59

  • IPO Size

    ₹1,15,64,00,000

  • Apply Now
  • MACOBS TECHNOLOGIES LIMITEDSME IPO Early Access

  • Bidding Dates

    16th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹71 - 75

  • IPO Size

    ₹19,46,00,000

  • Apply Now
  • KATARIA INDUSTRIES LIMITEDSME IPO Early Access

  • Bidding Dates

    16th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹91 - 96

  • IPO Size

    ₹54,58,00,000

  • Apply Now
closed-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
performance-radio
  • IPO Name
  • ISSUE PRICE
  • LISTING DAY CLOSE
  • LISTING DAY(GAIN/LOSS)
  • Lorem Ipsum
  • DIENSTEN TECH LIMITEDSME IPO

  • Issue Price

    100.00

  • Listing Day Close

    252.00

  • Listing Day (Gain/Loss)

    152.00

We have something for everyone

Explore more Investment options

Stocks

Secure and enhance your financial future today

investment-card-icon

IPOs

Your gateway to future financial opportunities

investment-card-icon

MTF

Explore Buy Now Pay Later and boost your capital by up to 5x  

investment-card-icon

US Stocks

Discover opportunities to invest in elite FAANG stocks

investment-card-icon

Related Articles

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