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Updater Services Limited IPO Subscriptions Status Live Today

 

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Updater Services Limited IPO

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

Issue Open

25 September 2023

Issue Close

27 September 2023

IPO Price

₹280 - ₹300 per equity share

Face Value

₹10 per equity share

IPO Size

₹640.00 Cr.

Listing At

NSE, BSE

IPO Lot Size

50 Shares

IPO Investor Categories


• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially sophisticated investors, such as mutual funds, insurance companies, pension funds, and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs are required to meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO, and they are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.


• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to participate in an IPO at the same price as retail investors.


NII category has two subcategories:


1. sNII - "sNII" stands for "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.


2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than Rs. 10 lakhs in an IPO.


• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO, aimed at encouraging retail participation in the IPO process.


• Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.

• Others- A category of eligible shareholders or other investors who have a reserved quota in the IPO.



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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