Updater Services Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Sep 2023

Close Date

27 Sep 2023

Allotment

28 Sep 2023

Listing Date

04 Oct 2023

Exchange

NSE & BSE

Price Band

₹300

Listing Price

See chart

Allotment Status

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Price Band

₹300

Per share

Face Value

₹10 per share

Lot Size

50 Shares

per lot

Issue Size

2,13,33,333 shares (aggregating up to ₹640.00 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹15,000

1 lot

Post-IPO Holding

6,67,02,688 shares

Promoters

P/E (Pre)

44.31x

P/E (Post)

57.8x

EPS (Pre)

₹6.77

UPI Deadline

2023-09-27

Mandate

Anchor AllotmentFri, 22 Sep 2023

Basis of AllotmentThu, 28 Sep 2023

Refund InitiationFri, 29 Sep 2023

Demat CreditTue, 03 Oct 2023

Listing DayWed, 04 Oct 2023

UPI Mandate Deadline2023-09-27

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares1,33,33,333 shares (aggregating up to ₹400.00 Cr)

Offer for Sale80,00,000 shares of ₹10 (aggregating up to ₹240.00 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Updater Services Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Sep 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	21,333,333	100%	₹640.00

IPO Shares Offered

Updater Services Ltd. IPO total issue size: ₹640.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	21,333,333	₹640.00	100.00%

* Based on upper price band ₹300 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹300.00

Upper Band

Min Investment

₹15,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	100	₹30,000
Retail (Max — 13 Lots)	13	650	₹195,000
S-HNI (Min — 14 Lots)	14	700	₹210,000
B-HNI (Min — 68 Lots)	68	3,400	₹1,020,000

* Issue Price ₹300 × Lot Size 50 shares

IPO Schedule

Anchor

22 Sep 2023

✓ Done

IPO Open

25 Sep 2023

✓ Done

IPO Close

27 Sep 2023

✓ Done

Allotment

28 Sep 2023

✓ Done

Refunds

29 Sep 2023

✓ Done

Demat Credit

03 Oct 2023

✓ Done

Listing Day

04 Oct 2023

✓ Done

₹300.00

INR · BSE

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Issue ₹300.00 Live Price

About Updater Services Ltd.

Incorporated in 1990, Updater Services Limited offers facility management services and business support services ("BSS"). The company operates in the Business-to-Business ("B2B") services space offering a spectrum of business services, which are broadly classified into the two following segments: 1. IFM & Other Services Segment; and 2. BSS Segment.In FM & Other Services Segment; Production Support Services, Soft Services, Engineering Services, Washroom and Femmenine Hygiene, Warehouse management, General Staffing and more.In the BSS segment, the company offers Audit and Assurance services through the Subsidiary, Matrix. UDS also offer employee background verification check services, airport ground handling services, sales enablement services and more through its subsidiaries.As of June 30, 2023, UDS served 2,797 customers across various sectors, including certain global and Indian customers such as 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 and more.Updater Services Limited is a pan India player, with a widespread network consisting of 4,331 locations (excluding staffing locations) managed from 129 points of presence with 116 offices situated in India and 13 offices situated overseas, as of June 30, 2023.

Objects of the Issue

1. Repayment and /or prepayment of certain borrowings availed by the Company.

2. Funding the working capital requirements.

3. Pursuing inorganic initiatives.

4. General corporate purposes.

Updater Services Ltd. Financials (Amount in Crore)

Revenue from Operations

₹2,112.1

31 Mar 2023

₹1,497.9

31 Mar 2022

₹1,216.4

31 Mar 2021

Profit After Tax (PAT)

₹34.6

31 Mar 2023

₹57.4

31 Mar 2022

₹47.6

31 Mar 2021

Particulars	31 Mar 2021	31 Mar 2022	31 Mar 2023
Revenue from Operations	1216.35	1497.89	2112.09
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Total Assets	579.49	874.57	1216.95
Reserves & Surplus	N/A	N/A	N/A
Borrowings	11.61	58.68	176.54
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

9.40%

RoCE

14.17%

RoNW

9.34%

Debt/Equity

0.46

Issue Structure & Shareholding

Total Shares Offered2,13,33,333 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter HoldingN/A

Post-Issue Promoter Holding6,67,02,688 shares

P/BV RatioN/A

RoE9.40%

RoCE14.17%

Debt / Equity0.46

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

uds.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

IIFL Capital Services Ltd.

Motilal Oswal Investment Advisors Ltd.

SBI Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Updater Services Ltd. IPO subscribed? ▲

Updater Services Ltd. IPO is subscribed 1.00 times by Sep 27, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Updater Services Ltd. IPO retail subscription status? ▼

The Updater Services Ltd. IPO retail category is subscribed 1.00 times as of 27 Sep 2023. The retail portion is oversubscribed.

How to subscribe Updater Services Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Sep 2023 and closes 27 Sep 2023. Min investment: ₹15,000 (1 lot = 50 shares). UPI mandate: 2023-09-27.

How many times Updater Services Ltd. IPO subscribed? ▼

The Updater Services Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Updater Services Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 28 Sep 2023. Refunds: on 29 Sep 2023.

When Updater Services Ltd. IPO will be listed? ▼

The Updater Services Ltd. IPO listing date is 04 Oct 2023, Wednesday. Listed on: NSE & BSE. Issue price: ₹300. Estimated listing: ₹300. GMP: NIL.

When Updater Services Ltd. IPO close? ▼

The Updater Services Ltd. IPO closes on 27 Sep 2023, Wednesday. UPI mandate: 2023-09-27. Allotment: 28 Sep 2023. Listing: 04 Oct 2023.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹300.00

Change—

Issue Price₹300.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹300

Face Value₹10

Lot Size50 Sh

Min. Amount₹15,000

GMPNIL

Est. Listing₹300

Subscribed1.00x

Open Date25 Sep 2023

Close Date27 Sep 2023

Allotment28 Sep 2023

Listing Date04 Oct 2023

ExchangeNSE & BSE

UPI Deadline2023-09-27