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Udayshivakumar Infra IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Funding working capital requirements;
  2. General Corporate Purpose

Financial Highlights (Restated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth78685647
Total Assets179163147158
Total Borrowings39263134
Total Revenue107186211194
Profit After Tax1012910
(Amount in ₹ Crore)

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 TypeBook Built Issue IPO
IPO Price₹ 33 to ₹ 35 per share
Face Value₹ 10 per share
Market Lot400 Shares
Issue Size20,000,000 shares of ₹ 10  (Aggregating up to ₹ 66 Crore)
Fresh Issue20,000,000 shares of ₹ 10  (Aggregating up to ₹ 66 Crore)
QIB Shares OfferredNot more than 10% of the Issue
NII (HNI) Shares OfferedNot less than 30% of the Issue
Retail Shares OfferedNot less than 60% of the Issue
Listing AtBSE, NSE
Company PromotersMr. 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 DateMarch 20, 2023
Closing DateMarch 23, 2023
Basis of AllotmentMarch 28, 2023
Initiation of RefundsMarch 29, 2023
Credit of shares to Demat A/cMarch 31, 2023
Listing DateApril 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)1400₹ 14,000
Retail (Maximum)145,600₹ 196,000
S-HNI (Minimum)156,000₹ 210,000
B-HNI (Minimum)7228,800₹ 1,008,000

Promoters Holdings – Udayshivakumar Infra IPO

Pre-issue Shares Holdings100%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationUdayshivakumar 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 RegistrarMAS 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

The Udayshivakumar Infra Ltd. IPO price is ₹ 33 to ₹ 35 per share

One lot of the Udayshivakumar Infra Ltd. IPO contains 400 shares of ₹ 14,000.

The minimum investment size is one lot for retail investors.

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.

The Udayshivakumar Infra Ltd. IPO shares listing date is April 3, 2023.

The investors’ portion for QIB - 10%, NII (HNI) – 30% of Net issue, and Retail – 60% of the Net Issue.

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