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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% | ₹41.24 |
| Service Care Ltd. | SME | ₹20.68 Cr | ₹67 | 21.2 | ₹67.55 | +0.82% | ₹70.80 |
| Spectrum Talent Management Ltd. | SME | ₹105.14 Cr | ₹173 | 15 | ₹147.25 | -14.88% | ₹60.00 |
| Infollion Research Services Ltd. | SME | ₹21.45 Cr | ₹82 | 14.24 | ₹198.55 | +142.13% | ₹154.00 |
| ITCONS E-Solutions Ltd. | SME | ₹8.67 Cr | ₹51 | 12.09 | ₹49.33 | -3.27% | ₹274.80 |
| Anlon Technology Solutions Ltd. | SME | ₹15.00 Cr | ₹100 | 11.71 | ₹263.65 | +163.65% | ₹680.00 |
| Droneacharya Aerial Innovations Ltd. | SME | ₹33.97 Cr | ₹54 | 45 | ₹107.10 | +98.33% | ₹32.64 |
| Integrated Personnel Services Ltd. | SME | ₹12.74 Cr | ₹59 | 12.77 | ₹69.80 | +18.31% | ₹215.00 |
| Silicon Rental Solutions Ltd. | SME | ₹21.15 Cr | ₹78 | 10.73 | ₹84.00 | +7.69% | ₹73.95 |
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
Updated on Aug 5, 2026
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