Updater Services (MAINBOARD)
September 25, 2023 – September 27, 2023
| Price | ₹280 - ₹300 |
| Premium | ₹0 |
|---|---|
| Lot size | 50 |
| Allotment | Sep 30, 2023 |
| Listing | Oct 4, 2023 |
Updater Services Limited
No. 2/302-A, UDS Salai,
Off Old Mahabalipuram Road, Thoraipakkam,
Chennai 600 097, Tamil Nadu, India
Phone: +91 44 24963234 / 0333
Email: compliance.officer@uds.in
Website: https://www.uds.in/
Last Updated as on 27-Sep-2023 17:42:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 64,28,571 | 2,88,14,400 | 4.48 |
| HNIs | 33,42,857 | 28,40,800 | 0.85 |
| HNIs (10+L) | 22,28,571 | 22,76,500 | 1.02 |
| HNIs (2-10L) | 11,14,286 | 5,64,300 | 0.51 |
| Retail | 22,28,571 | 30,86,250 | 1.38 |
| Total | 1,19,99,999 | 3,47,41,450 | 2.9 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 50 | 15000 | 42667 |
| sHNI | 14 | 700 | 210000 | 1524 |
| bHNI | 67 | 3350 | 1005000 | 3048 |
| Category | Retail | sHNI | bHNI |
|---|---|---|---|
| Min Shares | 50 | 700 | 3350 |
| Min Amount | 15000 | 210000 | 1005000 |
| Application Reserved | 42667 | 1524 | 3048 |
| Subject 2 | |||
| FIX |
Incorporated in 1990, Updater Services Limited offers facility management services and business support services ("BSS"). The company operates in the Business-to-Business ("B2B") services space offering a spectrum of business services, which are broadly classified into the two following segments: 1. IFM & Other Services Segment; and 2. BSS Segment.
In FM & Other Services Segment; Production Support Services, Soft Services, Engineering Services, Washroom and Femmenine Hygiene, Warehouse management, General Staffing and more.
In the BSS segment, the company offers Audit and Assurance services through the Subsidiary, Matrix. UDS also offer employee background verification check services, airport ground handling services, sales enablement services and more through its subsidiaries.
As of June 30, 2023, UDS served 2,797 customers across various sectors, including certain global and Indian customers such as Procter & Gamble Home Products Limited ("P&G"), Aditya Birla Fashion and Retail Limited ("ABFRL"), Microsoft, Hyundai Motor India Limited ("Hyundai"), Saint-Gobain India Private Limited and more.
Updater Services Limited is a pan India player, with a widespread network consisting of 4,3locations (excluding staffing locations) managed from 129 points of presence with 116 offices situated in India and 13 offices situated overseas, as of June 30, 2023.
Updater Services IPO Details
| Issue Size | |
| Fresh Issue | [.] shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 8,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 53,369,355 |
Updater Services IPO Reservation
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 579.49 | 874.57 | 1,216.95 |
| Revenue | 1,216.35 | 1,497.89 | 2,112.09 |
| Profit | 47.56 | 57.37 | 34.61 |
| Net Worth | 285.26 | 340.43 | 380.89 |
| Reserves | |||
| Borrowing | 11.61 | 58.68 | 176.54 |