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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.
| 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 Size | 20,000,000 shares (aggregating up to ₹66.00 Cr) |
| Fresh Issue | 20,000,000 shares (aggregating up to ₹66.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,885,715 (10.00%) | NA |
| NII (HNI) Shares Offered | 5,657,142 (30.00%) | |
| bNII > ₹10L | 3,771,428 (20.00%) | 629 |
| sNII < ₹10L | 1,885,714 (10.00%) | 314 |
| Retail Shares Offered | 11,314,285 (60.00%) | 26,435 |
| Total Shares Offered | 18,857,142 (100%) |
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 |
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 | |||
Mr. Udayshivakumar is the Promoter of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 65.9% |
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 158.26 | 194.41 | 10.49 | 46.87 | 33.95 |
| 31-Mar-21 | 146.82 | 211.11 | 9.32 | 56.18 | 30.60 |
| 31-Mar-22 | 162.61 | 186.39 | 12.15 | 68.32 | 26.48 |
| 30-Sep-22 | 178.90 | 107.14 | 10.02 | 78.34 | 39.46 |
| Amount in ₹ Crore | |||||
The market capitalization of Udayshivakumar Infra IPO is Rs 193.75 Cr.
| KPI | Values |
|---|---|
| ROE | 17.80% |
| ROCE | 20.71% |
| Debt/Equity | 0.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 9.67 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 42.92 |
| NII | 64.08 |
| bNII (bids above ₹10L) | 63.54 |
| sNII (bids below ₹10L) | 65.14 |
| Retail | 14.95 |
| Total | 32.49 |
Total Application : 367,123 (13.89 times)
| Listing Date | April 3, 2023 |
| BSE Script Code | 543861 |
| NSE Symbol | USK |
| ISIN | INE0N0Y01013 |
| Final Issue Price | ₹35 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE |
|---|
| ₹35.00 |
| ₹30.00 |
| ₹29.15 |
| ₹31.50 |
| ₹31.50 |
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/
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
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
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.
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