UDAYSHIVAKUMAR INFRA LIMITED

20 Mar 2023 - 23 Mar 2023 Individual Category IPO NSE

Min Investment

₹28248

Price Band

₹33-₹35

Issue Size

188.57 lakhs
Equity Shares

Lot Size

428 (per lot)

IPO Dates
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20 Mar 2023

Open Date

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23 Mar 2023

Close Date

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28 Mar 2023

Allotment Date

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03 Apr 2023

Listing Date

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.

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About Udayshivakumar Infra Limited

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.

Founded

2002

Managing Director

Mr. Udayshivakumar

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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