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Udayshivakumar Infra Limited IPO (Udayshivakumar Infra IPO) Detail

March 20, 2023 - March 23, 2023

Udayshivakumar Infra IPO is a book built issue of Rs 66.00 crores. The issue is entirely a fresh issue of 2 crore shares.

Udayshivakumar Infra IPO bidding started from March 20, 2023 and ended on March 23, 2023. The allotment for Udayshivakumar Infra IPO was finalized on Tuesday, March 28, 2023. The shares got listed on BSE, NSE on April 3, 2023.

Udayshivakumar Infra IPO price band is set at ₹33 to ₹35 per share. The minimum lot size for an application is 428 Shares. The minimum amount of investment required by retail investors is ₹14,980. The minimum lot size investment for sNII is 14 lots (5,992 shares), amounting to ₹209,720, and for bNII, it is 67 lots (28,676 shares), amounting to ₹1,003,660.

Saffron Capital Advisors Private Limited is the book running lead manager of the Udayshivakumar Infra IPO, while Mas Services Limited is the registrar for the issue.

Refer to Udayshivakumar Infra IPO RHP for detailed information.

Udayshivakumar Infra IPO Details

IPO Date March 20, 2023 to March 23, 2023
Listing Date April 3, 2023
Face Value ₹10 per share
Price Band ₹33 to ₹35 per share
Lot Size 428 Shares
Total Issue Size20,000,000 shares
(aggregating up to ₹66.00 Cr)
Fresh Issue20,000,000 shares
(aggregating up to ₹66.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Udayshivakumar Infra IPO Reservation

Udayshivakumar Infra IPO offers 18,857,142 shares. 1,885,715 (10.00%) to QIB, 5,657,142 (30.00%) to NII, 11,314,285 (60.00%) to RII. 26,435 RIIs will receive minimum 428 shares and 314 (sNII) and 629 (bNII) will receive minimum 5,992 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,885,715 (10.00%)NA
NII (HNI) Shares Offered5,657,142 (30.00%)
  bNII > ₹10L3,771,428 (20.00%)629
  sNII < ₹10L1,885,714 (10.00%)314
Retail Shares Offered11,314,285 (60.00%)26,435
Total Shares Offered18,857,142 (100%)

Udayshivakumar Infra IPO Timeline (Tentative Schedule)

Udayshivakumar Infra IPO opens on March 20, 2023, and closes on March 23, 2023.

IPO Open Date Monday, March 20, 2023
IPO Close Date Thursday, March 23, 2023
Basis of Allotment Tuesday, March 28, 2023
Initiation of Refunds Wednesday, March 29, 2023
Credit of Shares to Demat Friday, March 31, 2023
Listing Date Monday, April 3, 2023
Cut-off time for UPI mandate confirmation 5 PM on March 23, 2023

Udayshivakumar Infra IPO Lot Size

Investors can bid for a minimum of 428 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 428 ₹14,980
Retail (Max) 13 5564 ₹194,740
S-HNI (Min) 14 5,992 ₹209,720
S-HNI (Max) 66 28,248 ₹988,680
B-HNI (Min) 67 28,676 ₹1,003,660
Lot Size Calculator

Udayshivakumar Infra IPO Promoter Holding

Mr. Udayshivakumar is the Promoter of the company.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 65.9%

About Udayshivakumar Infra Limited

Incorporated in 2019, Udayshivakumar Infra Limited is engaged in the business of the construction of roads.

Udayshivakumar Infra Limited is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 company. They construct roads including State Highways, District Roads, Smart Roads under Municipal Corporations, Smart Roads under PM's Smart City Mission projects, National Highways, Bruhat Bengaluru Mahanagara Palike (BBMP), and Local Area Roads in various Taluka Places, etc.

The company primarily operates in the State of Karnataka. They bid for Roads, Bridges, Irrigation & Canals Industrial Area construction in Karnataka, this includes National Highways (MORTH), State Highway Development Corporations Ltd., (SHDP), Government Departments such as Karnataka Public Works Ports & Inland Water Transport Department (KPWP & IWTD), Davanagere Harihara Urban Development Authority (DHUDA), and many more.

As of August 31, 2022, the Company had executed over 30 various projects in and around the State of Karnataka along with the erstwhile partnership firm, M/s. Udayshivakumar. The entity is working on twenty-five ongoing projects.

To gear up its operations and scale larger, the company is also looking to undertake projects in the joint venture with other infrastructure companies in industry.

Company Financials

Udayshivakumar Infra Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-20158.26194.4110.4946.8733.95
31-Mar-21146.82211.119.3256.1830.60
31-Mar-22162.61186.3912.1568.3226.48
30-Sep-22178.90107.1410.0278.3439.46
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Udayshivakumar Infra IPO is Rs 193.75 Cr.

KPI Values
ROE17.80%
ROCE20.71%
Debt/Equity0.16
Pre IPO Post IPO
P/E (x) 9.67

Objects of the Issue (Udayshivakumar Infra IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding incremental working capital requirements of our Company;
  2. General corporate purposes.

Udayshivakumar Infra IPO Review (May apply)

[Dilip Davda]  The company posted inconsistencies in its top and bottom lines for the reported periods. It has an order book of Rs. 1290 cr. as of December 31, 2022. Rising GST recovery from Government bodies raises concern. Based on its FY 23 annualized earnings, the issue appears fully priced. The initial listing in the T group may curtail speculative moves. Well-informed/cash surplus investors may consider parking funds for the long term. Read detail review...


Udayshivakumar Infra IPO Subscription Status (Bidding Detail)

The Udayshivakumar Infra IPO is subscribed 32.49 times on March 23, 2023 7:02:00 PM. The public issue subscribed 14.95 times in the retail category, 42.92 times in the QIB category, and 64.08 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB42.92
NII64.08
    bNII (bids above ₹10L)63.54
    sNII (bids below ₹10L)65.14
Retail14.95
Total32.49

Total Application : 367,123 (13.89 times)

Udayshivakumar Infra IPO Prospectus

Udayshivakumar Infra IPO Rating

37
4.5
Rating:Rated 4.5 stars
Vote Here ...

Udayshivakumar Infra IPO Listing Details

Listing Date April 3, 2023
BSE Script Code 543861
NSE Symbol USK
ISIN INE0N0Y01013
Final Issue Price ₹35 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE
₹35.00
₹30.00
₹29.15
₹31.50
₹31.50

Check IPO Performance…

Udayshivakumar Infra Limited Contact Details

Udayshivakumar Infra Limited
1924A/196, Banashankari Badavane,
Near NH-4 Bypass,
Davangere – 577 005
Phone: +91 819 229 7009
Email: cs@uskinfra.com
Website: http://www.uskinfra.com/

Udayshivakumar Infra IPO Registrar

Mas Services Limited

Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp

Udayshivakumar Infra IPO - Buy or Not

Udayshivakumar Infra IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 4 0 0
Members 12 1 1

Read All Reviews Post Your Review Manage Reviews

Udayshivakumar Infra IPO FAQs

Udayshivakumar Infra IPO is a main-board IPO of 20,000,000 equity shares of the face value of ₹10 aggregating up to ₹66.00 Crores. The issue is priced at ₹33 to ₹35 per share. The minimum order quantity is 428 Shares.

The IPO opens on March 20, 2023, and closes on March 23, 2023.

Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Udayshivakumar Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Udayshivakumar Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Udayshivakumar Infra IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Udayshivakumar Infra IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Udayshivakumar Infra IPO opens on March 20, 2023 and closes on March 23, 2023.

Udayshivakumar Infra IPO lot size is 428 Shares, and the minimum amount required is ₹14,980.

You can apply in Udayshivakumar Infra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Udayshivakumar Infra IPO will be done on Tuesday, March 28, 2023, and the allotted shares will be credited to your demat account by Friday, March 31, 2023. Check the Udayshivakumar Infra IPO allotment status.

The Udayshivakumar Infra IPO listing date is on April 3, 2023.
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Udayshivakumar Infra IPO Message Board

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1777 Comments

853. GuruMahadev |   Link |  Bookmark |April 27, 2023 4:58:56 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Reason behind today's rally:-Udayshivkumar is close aid of Karnataka Davanage Minister SS Mallikarjun. As per C-Voter survey This year Congress will come to power with simple mejority in Karnataka. North Karnataka side all road contract go to this company. C-Voter link---https://www.oneindia.com/india/karnataka-election-2023-congress-clear-winner-predicts-tv9-cvoter-pre-poll-survey-3552323.html.... I'm also bullish on this purchased @31; 3k shares.
853.2. GuruMahadev |   Link |  Bookmark |April 27, 2023 6:13:25 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
May 10th election, 13th result in karnataka.
853.3. Prahraju |   Link |  Bookmark |April 28, 2023 5:49:37 PM
but company has good order book in bjp rule.
852. Ankush.CA |   Link |  Bookmark |April 21, 2023 12:27:56 AM
@Monster Zero I have 5992 shares allotted in small HNI application. I can hold. Can you tell that for which target we should hold it . How much it can go up . Pls suggest
852.2. Manan Surana |   Link |  Bookmark |April 21, 2023 2:24:39 PM
Top Contributor Top Contributor (800+ Posts, 200+ Likes)
@Monster Zero when are the results approximately?
852.3. Imhilli |   Link |  Bookmark |April 22, 2023 10:53:41 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Not showing any strength as of now
851. Tina |   Link |  Bookmark |April 19, 2023 9:54:28 AM
Buy today 500 quantity....let's upwards journy start tomorrow ckt filter 20% enjoy...total quantity 1500
850. Earthking |   Link |  Bookmark |April 19, 2023 9:41:53 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Tomorrow USK is moving out of T-T segment , i believe at right time it moved to +ve territory ... i expected this movement yesterday ...hope it stays strong till end of day ....
850.1. Sprint |   Link |  Bookmark |April 19, 2023 9:53:28 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Earthking  Yes hope so... my bad I offloaded my all lots, now started reversal game... anyway all the best for all who still holding... may give exit chance with marginal profit tomorrow, if 20% circuit is +ve side..
849. YOGESH SHAH |   Link |  Bookmark |April 18, 2023 1:23:58 PM
The share price of USK continuously falling down from issue price is not only reason for selling pressure of investors. I think the reason is something else may be financial or order cancel etc. Anybody have idea Pl. Inform. Thanks. Hold or sell?
849.3. Abhijeet Kumar |   Link |  Bookmark |April 18, 2023 11:38:59 PM
if u are experienced investor u should have seen how 90% of infra companies are cooked. and most of them eventually crash,, usk is no different, there is nothing in company to trade at such high valuations
849.4. GuruMahadev |   Link |  Bookmark |April 27, 2023 6:18:19 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Hope is life. initially election result predcition shows Hung assembly. founder is close aid of cogress minister. But now C-Voter few more shows It's clear majority for Congress in Karnataka. So rally started today.
848. Prahraju |   Link |  Bookmark |April 18, 2023 4:14:06 PM
It will go upto 25. IMO
847. Sasta Harshad mehta |   Link |  Bookmark |April 18, 2023 10:28:42 AM
I have 1700 quantity at buying price 33.50. what i do? Please any market expert suggest about it.
847.1. Abhijeet Kumar |   Link |  Bookmark |April 18, 2023 10:49:34 AM
Exit if you want to save ur capital
846. Tina |   Link |  Bookmark |April 18, 2023 10:01:28 AM
Taken entry 28.60 again 1000 quantity.... tomorrow also get entry if downfall
845. Imhilli |   Link |  Bookmark |April 17, 2023 6:43:18 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Offloaded 50% of the allotment today... just reduced the risk and absorbed the loss.
844. Abhijeet Kumar |   Link |  Bookmark |April 16, 2023 11:27:10 PM
It will trade below 10 in next 6 month. So save your capital by exiting this junk if for gamble purpose you applied in this poor quality issue.
844.1. Vidyarthi |   Link |  Bookmark |April 18, 2023 10:12:37 AM
I sold all allotted at 32, but still think it will definitely cross its IPO price within this month
843. LOVE IPO |   Link |  Bookmark |April 16, 2023 8:19:08 PM
20th April it moves out of the T group. Hence it important to watch out for this date. Big moves at either end possible. Right now it trading in the 30 to 35 bracket. It more likely to move upwards post 20th April as volumes too are likely to pick up . Some positives are strong order book of 1300cr, low pe which allows valuation comforts and backword integration initiatives leading to margin improvement and also prevents project delays, JV in place for technical intensive projects. On the flipside concentration of business in one state and high dependence on gvt entities may pose a risk. I am personally holding alloted quantities and also have added further at 32 levels. The views expressed are my own. Please take informed calls at your end.
842. Tina |   Link |  Bookmark |April 13, 2023 12:27:22 PM
1000 quantity Li thi pre open me 34 pe bech Diya....fir 30 ke niche lenge buy huge quantity...ye 1 sal Mai 90 Tak jayega mark my word....💫💚
842.1. Sasta Harshad mehta |   Link |  Bookmark |April 13, 2023 2:17:49 PM
1 -2 month me 40 tak jaa skta hee???
841. Rohitsme |   Link |  Bookmark |April 13, 2023 12:10:07 PM
https://cfo.economictimes.indiatimes.com/news/exchanges-to-set-common-equilibrium-price-for-listing-day-post-ipo/99433927

This was probably in response to USK listing day anomaly.
840. Sasta Harshad mehta |   Link |  Bookmark |April 12, 2023 9:27:47 AM
I have 1700 quantity buying price 33.50 what can i do? Hold or sell?
840.2. Imhilli |   Link |  Bookmark |April 12, 2023 10:40:46 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
@Earthking 
How much are you holding?
840.3. Earthking |   Link |  Bookmark |April 13, 2023 7:42:13 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Bought 21k at preopen... Sold 3k at 34.5 holding now 18k ... Will wait till 20th to see how it moves... Not alloted in IPO...
839. YOGESH SHAH |   Link |  Bookmark |April 11, 2023 9:24:21 AM
Why USK share down continuously for any reason. Hold or sell? Pl. Expert Gove your reply.
839.1. Param Patel |   Link |  Bookmark |April 11, 2023 12:13:34 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Selling pressure from retailers
839.2. Imhilli |   Link |  Bookmark |April 11, 2023 9:36:02 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Kisoko himmat nehi ho raha hay... salah dene me ... meri bhi phasi huyi hay... dekhte hay... loss me nehi bechenge 👊✊👍
838. Gaurav.goyal |   Link |  Bookmark |April 11, 2023 2:53:25 PM
Looks like another moxsh overseas in making
837. Imhilli |   Link |  Bookmark |April 10, 2023 9:14:53 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Itna sannata kiun bhai... kuchh hua kya ?
837.1. Manan Surana |   Link |  Bookmark |April 11, 2023 1:20:38 AM
Top Contributor Top Contributor (800+ Posts, 200+ Likes)
lagta h chittorgarh ke nivaasi ko gabbar aata hua nazar aagya hai
837.2. Imhilli |   Link |  Bookmark |April 11, 2023 3:41:39 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
🤣
836. Manan Surana |   Link |  Bookmark |April 10, 2023 9:26:02 AM
Top Contributor Top Contributor (800+ Posts, 200+ Likes)
why is it showing not available in BSE today in groww? all stocks are showing like this? is it a glitch?
835. Imhilli |   Link |  Bookmark |April 9, 2023 1:38:28 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
What could be the ideal price for booking profits for the allottees. Experts please share your views 🙏
835.1. Iposplmst |   Link |  Bookmark |April 10, 2023 7:40:39 AM
wait for 42-45 by this week. Best wishes
835.2. Imhilli |   Link |  Bookmark |April 10, 2023 11:24:02 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Selling pressure from the buyers who took it during pre-listing and subsequently
834. judo |   Link |  Bookmark |April 7, 2023 9:35:12 PM
40 sion....some loss cover jo jati toh good