Udayshivakumar Infra IPO GMP, Price, Dates & Allotment Details 2023
The Udayshivakumar Infra IPO will open on March 20 and close on March 23, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 66 crore through this public offering.
The company was originally formed as a sole proprietorship under the name “M/s Udayshivakumar’ at Davangere on August 22, 2002, and was converted into a partnership firm. Company is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company engaged in the construction of roads in the state of Karnataka, including National Highways, State Highways, District Roads, Smart Roads under PM’s Smart City Mission projects, Smart Roads under Municipal Corporations, Bruhat Bengaluru Mahanagara Palike (BBMP), and Local Area Roads in various Taluka Places, etc.Company bid for road, bridge, irrigation, and canal industrial area construction in the state of Karnataka, including government departments.
In addition to independently undertaking projects like the ones the company has executed in the past, the company intends to enter into joint ventures with other infrastructure companies in its industry to jointly bid and execute larger projects.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- Funding working capital requirements;
- General Corporate Purpose
Financial Highlights (Restated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 78 | 68 | 56 | 47 |
| Total Assets | 179 | 163 | 147 | 158 |
| Total Borrowings | 39 | 26 | 31 | 34 |
| Total Revenue | 107 | 186 | 211 | 194 |
| Profit After Tax | 10 | 12 | 9 | 10 |
Udayshivakumar Infra IPO – Details
As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 66 crore through this public offering.. The face value of the shares is ₹ 10. Saffron Capital Advisors Private Limited will be the lead manager for the IPO, MAS Services Limited will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered through the building of the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 33 to ₹ 35 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 400 Shares |
| Issue Size | 20,000,000 shares of ₹ 10 (Aggregating up to ₹ 66 Crore) |
| Fresh Issue | 20,000,000 shares of ₹ 10 (Aggregating up to ₹ 66 Crore) |
| QIB Shares Offerred | Not more than 10% of the Issue |
| NII (HNI) Shares Offered | Not less than 30% of the Issue |
| Retail Shares Offered | Not less than 60% of the Issue |
| Listing At | BSE, NSE |
| Company Promoters | Mr. Udayshivakumar |
GMP – Udayshivakumar Infra IPO
Udayshivakumar Infra’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Udayshivakumar Infra IPO
The issue opens for subscription on March 20, 2023, and closes for subscription on March 23, 2023 (both days inclusive). The basis of allotment will be finalized on March 28th, 2023, and the refunds will be initiated on March 29th, 2023. In addition, the demat credits are expected to happen on March 31st, 2023, and the stock will list on April 3, 2023, on the BSE, NSE.
| Opening Date | March 20, 2023 |
| Closing Date | March 23, 2023 |
| Basis of Allotment | March 28, 2023 |
| Initiation of Refunds | March 29, 2023 |
| Credit of shares to Demat A/c | March 31, 2023 |
| Listing Date | April 3, 2023 |
Lot Size – Udayshivakumar Infra IPO
The lot size of the Udayshivakumar Infra IPO is 400 shares. A retail-individual investor can apply for up to 14 lots, i.e. 5,600 shares of ₹ 196,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 400 | ₹ 14,000 |
| Retail (Maximum) | 14 | 5,600 | ₹ 196,000 |
| S-HNI (Minimum) | 15 | 6,000 | ₹ 210,000 |
| B-HNI (Minimum) | 72 | 28,800 | ₹ 1,008,000 |
Promoters Holdings – Udayshivakumar Infra IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Udayshivakumar Infra Limited 1924A/196, Banashankari Badavane, Near NH-4 Bypass, Davangere – 577 005 Phone: +91 819 229 7009 Email: [email protected] Website: http://www.uskinfra.com/ |
| IPO Registrar | MAS Services Limited Phone: (011) 2610 4142 Email: [email protected] Website: http://www.masserv.com |
| IPO Lead Manager(s) | Saffron Capital Advisors Private Limited |
FAQ’s
What is Udayshivakumar Infra Ltd. IPO price?
The Udayshivakumar Infra Ltd. IPO price is ₹ 33 to ₹ 35 per share
What will be the Udayshivakumar Infra Ltd. IPO lot size?
One lot of the Udayshivakumar Infra Ltd. IPO contains 400 shares of ₹ 14,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Udayshivakumar Infra Ltd. IPO allotment available?
The finalisation of the basis of allotment for the Udayshivakumar Infra Ltd. IPO will be done on March 28, 2023, and the allotted shares will be credited to your demat account by March 31, 2023. Check the Udayshivakumar Infra Ltd. IPO allotment status.
When will Udayshivakumar Infra Ltd. IPO list on exchanges?
The Udayshivakumar Infra Ltd. IPO shares listing date is April 3, 2023.
How many shares in Udayshivakumar Infra Ltd. IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for QIB - 10%, NII (HNI) – 30% of Net issue, and Retail – 60% of the Net Issue.
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