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.
