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Updater Services Limited IPO Date, Price, Review and Details

 

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Updater Services Limited IPO

September 25, 2023 - September 27, 2023 Closed
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Updater Services Limited

Updater Services Limited was engaged as a prominent and specialized business services provider in India. Their offerings include integrated facilities management (IFM) and business support services (BSS). They serve customers across the country. In 1990, They started as a housekeeping and catering services company in Chennai, Tamil Nadu. Since then, they’ve grown into a nationwide integrated business services provider, serving customers from various industries and service sectors throughout India. Their competitive strengths are Leading integrated business services platform, operating across diverse segments, and Long-standing relationships with customers across diverse sectors leading to recurring business.

Company Promoters:

·  Raghunandana Tangirala
·  Shanthi Tangirala
·  Tangi Facility Solutions Private Limited

Objects of this Issue:

·  Repayment and /or prepayment of certain borrowings availed by their Company
·  Funding their working capital requirements
·  Pursuing inorganic initiatives
·  General corporate purposes

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2023

As on 31 Mar 2022

As on 31 Mar 2021

Total Assets

12,169.47

8,745.66

5,794.94

Total Liabilities

8,291.36

5,288.30

2,873.03

Net Profit

346.05

573.69

433.81

Updater Services Limited Schedule

1.     Bid or Offer Opens on: 25 September 2023
2.     Bid or Offer Closes on: 27 September 2023
3.     Finalization of BoA: 04 October 2023
4.     Initiation of Refunds: 05 October 2023
5.     Credit of share to Demat account: 06 October 2023
6.     Listing Date: 09 October 2023

Updater Services Limited Lot Size

Market lot size of the UPDATER SERVICES LIMITED is 1 share. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

50

₹15,000

Maximum

13

650

₹195,000

S-HNI

Minimum

14

700

₹210,000

S-HNI

Maximum

66

3300

₹990,000

B-HNI

Minimum

67

3350

₹1,005,000

 

Company Contact Details:

Updater Services Limited

No. 2/302-A, UDS Salai,

Off Old Mahabalipuram

Road, Thoraipakkam,

Chennai 600 097, Tamil

Nadu, India

Phone: +91 44 24963234

Email: compliance.officer@uds.in

Website: www.uds.in

 

Updater Services Limited Registrar Details:

Link Intime India Private Limited

C-101, 247 Park

1st Floor, L.B.S. Marg

Vikhroli (West), Mumbai 400 083

Maharashtra, India

Phone: +91 810 811 4949
Email:  uds.ipo@linkintime.co.in

Website:  www.linkintime.co.in

 

Frequently Asked Question

Updater Services Limited IPO will be closed on 27 September 2023.
Post-issue shareholdings of Updater Services Limited IPO promoters are [.]%.
Face value of equity shares of Updater Services Limited IPO is ₹1.
Pre-issue shareholdings of Updater Services Limited IPO promoters are 80.58%
Price of 1 share of Updater Services Limited IPO is ₹280 - ₹300.
Updater Services Limited IPO will get listed on October 09, 2023.
Retail investors can participate in an IPO by placing orders through their brokerage accounts. Some brokerages offer IPO access to their customers.
Updater Services Limited IPO is going to open on 25 September 2023.
The meaning of " Updater Services Limited IPO GMP " is the Grey Market Premium (GMP) for the initial public offering (IPO) of Updater Services Limited IPO on the current day.
Market lot size of the Updater Services Limited IPO is 50 shares.
The process involves several steps, including selecting underwriters, filing regulatory paperwork with the SEC, conducting a roadshow to market the IPO to potential investors, and finally, listing the stock on a public exchange.
Investors and high-net-worth individuals get priority in IPO allocations. However, once the stock starts trading on the exchange, anyone with a brokerage account can buy shares.
Updater Services Limited IPO shares will get listed at NSE and BSE.
Link Intime India Private Limited the registrar of Updater Services Limited IPO.
If you do not get the allotment of updater services pvt ltd shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
You can apply for an IPO from any place by using the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Updater Services Limited IPO by using any one of these methods at your convenience.
You will receive the allotted shares in your Demat account on October 06, 2023.
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