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September 25, 2023 - September 27, 2023

Updater Services IPO Review & Recommendations

Anand Rathi and Canara Bank Securities Ltd have given "Apply" recommendation to Updater Services IPO. Dilip Davda has given "May Apply" recommendation to Updater Services IPO. Capital Market has "Neutral" view about the IPO. Ventura Securities Limited has "Not Rated" the IPO.

Updater Services IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 2 1 1 0 1
% 40.00 20.00 20.00 0.00 20.00

Updater Services IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Anand RathiExternal link Apply
Canara Bank Securities LtdExternal link Apply
Capital MarketExternal link Neutral
Dilip Davda May Apply
Ventura Securities LimitedExternal link Not Rated

Updater Services IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Updater Services IPO is 40. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer Rating Score Rating
Capital Market 40 Avoid, however active risk seekers can try

Updater Services IPO Review by Dilip Davda (May apply)

[Dilip Davda]  The company has created a niche place in the area of services it is offering under one roof. It has planned up the sleeve high margin and value-added services with the latest technology in its portfolio. Though the IPO appears aggressively priced, it holds promising prospects. Well-informed investors may park funds for medium to long-term rewards. Read detail review...

Updater Services IPO Peer Comparison

Updater Services Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company NameEPS (Rs)NAV (per share) (Rs)P/E (x)RoNW (%)
EPS BasicEPS Diluted
Updater Services Limited6.776.7071.939.34
Quess Corp Limited15.1615.04173.3028.388.74
SIS Limited23.6423.43160.1119.7414.85
TeamLease Services Limited65.1265.12472.3840.9613.79

Notes for listed peers:

1. Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company.

2. P/E Ratio has been computed based on the closing market price of equity shares on September 6, 2023 on BSE divided by the Diluted EPS provided.

3. Return on net worth ("RoNW") is computed as total profit/ (loss) attributable to equity holders of the parent for the year divided by net worth attributable to equity shareholders of the parent (excluding non-controlling interest) as at March 31, 2023.

4. Net asset value per share is calculated by dividing net worth (excluding non-controlling interest) by number of equity shares outstanding as at March 31, 2023.


Updater Services IPO Review by Members

Updater Services IPO Reviews, analysis and views by popular members. Read Updater Services Limited IPO reviews by retail investors to find recommended ipo to buy.

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Updater Services IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 0 0 1 5
% 0.00 0.00 16.67 83.33
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Member Review
Crow
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)

Avoid

Integrated facilities management as a business doesn't impress me.

September 27, 2023 12:13:13 PM
Vicksa

Avoid

It is not looking exciting.

September 26, 2023 4:08:37 PM
B.M.SURANA
IPO Guru IPO Guru (2600 Posts, 4800+ Likes)

Neutral

High PE Ratio
& Grey Market mein bhi activities nhi hai.

I Like It. 2

September 26, 2023 8:56:42 AM
IPOTraders
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)

Avoid

High PE, low PAT margin

September 22, 2023 12:00:50 PM
Stock enthusiast

Avoid

Better options are available in the market. Valuation ka Ata Pta hi nhi hai beheti ganga me haath dhone aaye hai

September 21, 2023 4:56:23 PM
newgen consultancy
IPO Guru IPO Guru (3200+ Posts, 5400+ Likes)

Avoid

Nonsensical valuations
डूबती हुई नाव मैं कौन बैठेगा

September 21, 2023 9:05:22 AM

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1 Comments

1. GaneshK     Link|September 24, 2023 1:07:53 PM
Updater IPO looks - Low profitability and P/E multiple higher than peers