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Open
25 Sep 2023
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Close
27 Sep 2023
3
Allotment
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Listing
Wed, Oct 4, 2023
Price Band
₹280 to ₹300
Issue Size
2,13,33,333 shares (agg. up to ₹640 Cr)
Lot Size
50 Shares
Listing Date
Wed, Oct 4, 2023
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
04-10-2023₹0Est. ₹300+0%
03-10-2023₹0Est. ₹300+0%
02-10-2023₹0Est. ₹300+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.10x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 1,216.95 | 874.57 | 579.49 |
| Total Income | 2,112.09 | 1,497.89 | 1,216.35 |
| Profit After Tax | 34.61 | 57.37 | 47.56 |
| NET Worth | 380.89 | 340.43 | 285.26 |
| Total Borrowing | 176.54 | 58.68 | 11.61 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Radiant Cash Management Services Ltd. | Mainboard | ₹256.64 Cr | ₹94 | 17.34 | ₹104.90 | +11.60% | ₹38.25 (+0.18%) |
| Service Care Ltd. | SME | ₹20.68 Cr | ₹67 | 21.2 | ₹67.55 | +0.82% | ₹57.95 (+3.48%) |
| Spectrum Talent Management Ltd. | SME | ₹105.14 Cr | ₹173 | 15 | ₹147.25 | -14.88% | ₹61.90 (+3.34%) |
| Infollion Research Services Ltd. | SME | ₹21.45 Cr | ₹82 | 14.24 | ₹198.55 | +142.13% | ₹171.90 (-3.99%) |
| ITCONS E-Solutions Ltd. | SME | ₹8.67 Cr | ₹51 | 12.09 | ₹49.33 | -3.27% | ₹268.85 (-2.20%) |
| Anlon Technology Solutions Ltd. | SME | ₹15.00 Cr | ₹100 | 11.71 | ₹263.65 | +163.65% | ₹623.05 (+0.33%) |
| Droneacharya Aerial Innovations Ltd. | SME | ₹33.97 Cr | ₹54 | 45 | ₹107.10 | +98.33% | ₹38.50 (+0.81%) |
| Integrated Personnel Services Ltd. | SME | ₹12.74 Cr | ₹59 | 12.77 | ₹69.80 | +18.31% | ₹230.00 (-6.12%) |
| Silicon Rental Solutions Ltd. | SME | ₹21.15 Cr | ₹78 | 10.73 | ₹84.00 | +7.69% | ₹81.00 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and /or prepayment of certain borrowings availed by the Company | 133.00 |
| 2 | Funding our working capital requirements; | 115.00 |
| 3 | Pursuing inorganic initiatives; and | 80.00 |
| 4 | General corporate purposes | 49.87 |
About Updater IPO
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
Contact Details
Updater Services Ltd. AddressNo.2/302-A, UDS SalaiOff Old Mahabalipuram Road, ThoraipakkamChennai, Tamil Nadu, 600097+91 44 24963234 / 0333compliance.officer@uds.inVisit Website