Updater Services Limited

Updater Services Limited

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₹15,000(50 Shares)

Minimum Investment

IPO Dates

Sep 25, 2023 – Sep 27, 2023

Price Band

₹280–300 per equity share

Lot Size

50

Listing

Oct 4, 2023

Listing At

BSE, NSE

Sep 25, 2023Open DateCompleted
Sep 27, 2023Close DateCompleted
TBAAllotment DateUpcoming
Oct 4, 2023Listing DateCompleted

Updater Services Limited Live Subscription Details

All IPOs
Retail1.38x
QIB4.48x
NIIs
0.85x

NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

0.51x

bHNI (> ₹10L)

Bids above ₹10L

1.02x

Overall Subscription

Total Bids Received

2.90x

Updater Services Limited IPO Issue Details

Issue Price
₹280-300 Per Equity Share
Face Value
₹10 Per Equity Share
Listing At
BSE, NSE
Listing Date
Oct 4, 2023

Market Lot Details

CategoryLotsSharesAmount
Retail (Min)150₹15,000
Retail (Max)13650₹1,95,000
sHNI (Min)14700₹2,10,000
sHNI (Max)663,300₹9,90,000
bHNI (Min)673,350₹10,05,000

Company Information

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 ...

Valuations

RoNW

9.34%

Financial Information (₹ in Crores)

MetricFY 23FY 22FY 21
Total Assets1216.95874.57579.49
Total Revenue2112.091497.891216.35
Profit After Tax34.6157.3747.56
Net Worth

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Repayment and /or prepayment of certain borrowings availed by the Company.
  2. 2Funding the working capital requirements.
  3. 3Pursuing inorganic initiatives.
  4. 4General corporate purposes.

Updater Services Limited – Promoter(s)

Raghun
ana Tangirala
Shanthi Tangirala
Tangi Facility Solutions Private Limited

Contact Details

Updater Services Limited IPO Documents

Frequently Asked Questions — Updater Services Limited IPO

The Updater Services Limited IPO price band is set at ₹280.00 to ₹300.00 per equity share.

The lot size for Updater Services Limited IPO is 50 shares per lot. The minimum investment amount is approximately ₹15,000.

The Updater Services Limited IPO opens on Sep 25, 2023 and closes on Sep 27, 2023.

Updater Services Limited IPO is expected to be listed on Oct 4, 2023 on BSE, NSE.

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