20-Mar-2023
2 mins read
The Udayshivakumar Infra IPO will open for subscription on March 20, 2023, and close on March 23, 2023. Investors can place their bids for the IPO between March 20, 2023, 10.00 AM and March 23, 2023, 5.00 PM. Udayshivakumar Infra Limited is a construction company incorporated in 2019, primarily engaged in building roads, bridges, irrigation and canal projects, and industrial areas in the State of Karnataka. The company has received ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, indicating its commitment to quality, environmental management, and occupational health and safety.
Product Portfolio:
Udayshivakumar Infra Limited’s product portfolio includes the construction of roads, bridges, irrigation and canal projects, and industrial areas in the State of Karnataka. The company constructs State Highways, District Roads, Smart Roads under Municipal Corporations and PM’s Smart City Mission projects, National Highways, BBMP, and Local Area Roads in various Taluka Places. In addition, the company builds Bridges across Major and Minor Rivers, Railway Over Bridges (ROB), construction of Major and Minor Irrigation and canal projects, and Industrial Areas in the state.
- Projects Executed: As of December 31, 2022, Udayshivakumar Infra Limited had executed over 30 various projects in and around the State of Karnataka with an aggregate contract value of Rs. 684.68 crores, including roads, bridges, irrigation, and civil construction works. The company has completed 16 roads, 5 bridges, 6 irrigation, and 3 civil construction works.
- Ongoing Projects: The company had 30 ongoing projects as of December 31, 2022, including 10 roads, 7 smart roads, 1 bridge, 8 irrigation projects, 3 civil construction works, and 1 toll plaza, with an aggregate order book value of Rs. 853.88 crores.
- New Work Orders: As of December 31, 2022, the company had new work orders allotted with an aggregate order book value of Rs. 436.51 crores, comprising 14 roads, 1 toll plaza, and 1 irrigation work.
- Joint Ventures: Udayshivakumar Infra Limited intends to enter into joint ventures with other infrastructure companies in the industry to jointly bid and execute larger projects to scale its operations.
- Employees: As of December 31, 2022, Udayshivakumar Infra Limited had 52 full-time employees and 120 on-site workers, such as drivers, JCB operators, and helpers.
Udayshivakumar Infra IPO Objects
Udayshivakumar Infra Limited’s IPO proceeds will be utilised for two main objectives. Firstly, funding incremental working capital requirements, such as raw materials, salaries, and inventory management. Secondly, for general corporate purposes, including investments in technology and infrastructure. The primary goal is to raise capital to support growth plans and achieve long-term sustainability.
About the IPO
Udayshivakumar Infra Limited is launching a book-building route IPO for ~Rs 66.00 crore to finance its working capital needs of Rs 45.00 crore, general corporate purposes, and issue expenses. The IPO will have a price band of Rs 33.00 – Rs 35.00 per share of Rs 10 each, with the upper cap potentially issuing 18,857,252 equity shares. The issue opens on March 20, 2023, and closes on March 23, 2023, with a minimum application of 428 shares and multiples after that.
Post allotment, the shares will be listed on both BSE and NSE, with the IPO constituting 34.06% of the post-issue paid-up capital of the company. The company has allocated not more than 10% for QIBs, not less than 30% to HNIs, and not less than 60% to retail investors. Saffron Capital Advisors Pvt. Ltd. is the sole lead manager, and Mas Services Ltd. is the registrar of the issue.
Udayshivakumar Infra Limited has issued its entire equity capital as par so far, with the promoters’ average cost of acquisition of shares being Rs 10.00 per share. Post IPO, the company’s current paid-up equity capital of Rs 36.50 crore will be enhanced to Rs 55.36 crore, with an expected market cap of Rs 193.75 crore based on the upper cap of the IPO pricing.
Financial Performance
| Period Ended | Total Assets | Total Revenue | Profit After Tax | NetWorth Total | Borrowing |
| 31-Mar-20 | Rs 158.26 Cr | Rs 194.41 Cr | Rs 10.49 Cr | Rs 46.87 Cr | Rs 33.95 Cr |
| 31-Mar-21 | Rs 146.82 Cr | Rs 211.11 Cr | Rs 9.32 Cr | Rs 56.18 Cr | Rs 30.60 Cr |
| 31-Mar-22 | Rs 162.61 Cr | Rs 186.39 Cr | Rs 12.15 Cr | Rs 68.32 Cr | Rs 26.48 Cr |
| 30-Sep-22 | Rs 178.90 Cr | Rs 107.14 Cr | Rs 10.02 Cr | Rs 78.34 Cr | Rs 39.46 Cr |
Important Dates for Udayshivakumar Infra IPO
| Event | Tentative Date |
| Opening Date | Mar 20, 2023 |
| Closing Date | Mar 23, 2023 |
| Basis of Allotment | Mar 28, 2023 |
| Initiation of Refunds | Mar 29, 2023 |
| Credit of Shares to Demat | Mar 31, 2023 |
| Listing Date | Apr 3, 2023 |
Promoters of the Company
The company’s promoter is Udayshivakumar.
How to Check Allotment Status
To check your allotment status, please click on this link https://www.masserv.com/opt.asp
FAQs
- What is an IPO subscription?
IPO subscription refers to the extent of demand for a public issue on BSE and NSE while it is open for either 3 working days or 4-5 working days in the case of an SME IPO. During this time, investors can bid for IPO shares with either exchange (BSE or NSE). The IPO subscription indicates the number of times investors subscribe to the public issue.
- When is the Udayshivakumar Infra IPO coming?
The Udayshivakumar Infra IPO will be available for subscription from March 20, 2023, and closes on March 23, 2023.
- What is the price band of the Udayshivakumar Infra IPO shares?
Udayshivakumar Infra IPO Price Band is Rs 33 to Rs 35.
- What is the size of the Udayshivakumar Infra IPO?
Udayshivakumar Infra IPO size is Rs 66 crores.
- What is the process for purchasing Udayshivakumar Infra IPO shares?
To buy Udayshivakumar Infra IPO shares, retail investors can apply online through banks using the ASBA process or through a broker using UPI. Udayshivakumar Infra is offering its shares to the public through an IPO.
- What is the procedure for subscribing to the Udayshivakumar Infra IPO?
To subscribe to the Udayshivakumar Infra IPO, individuals with a demat account can apply online through their bank’s IPO application process. You can also visit Bigul’s website https://bigul.co/ to apply for the IPO.
- When will the allotment of Udayshivakumar Infra IPO take place?
The Allotment for Udayshivakumar Infra IPO will take place on March 28, 2023, and the allotted shares will be credited to the Demat accounts by March 31, 2023.
- When is the listing date for Udayshivakumar Infra IPO?
The Udayshivakumar Infra IPO listing date is not yet announced. The tentative date of the Udayshivakumar Infra IPO listing is April 3, 2023.
