Bookbuilding IPO | ₹66 Cr | Listed at BSE, NSE | Mon, Mar 20, 2023 - Thu, Mar 23, 2023
Udayshivakumar Infra IPO is a book build issue of ₹66.00 crores. The issue is entirely a fresh issue of 1.89 crore shares of ₹66.00 crore.
Udayshivakumar Infra IPO bidding started from Mar 20, 2023 and ended on Mar 23, 2023. The allotment for Udayshivakumar Infra IPO was finalized on Mar 28, 2023. The shares got listed on BSE, NSE on Apr 3, 2023.
Udayshivakumar Infra IPO price band is set at ₹35 per share. The lot size for an application is 428. The minimum amount of investment required by an retail is ₹14,980 (428 shares) (based on upper price). The lot size investment for sNII is 14 lots (5,992 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (28,676 shares), amounting to ₹10,03,660.
Saffron Capital Advisors Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue.
Refer to Udayshivakumar Infra IPO RHP for detailed Information.
IPO Open
Mon, Mar 20, 2023
IPO Close
Thu, Mar 23, 2023
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹193.75 Cr
| IPO Date | 20 to 23 Mar, 2023 |
| Listed on | Mon, Apr 3, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹33 to ₹35 |
| Issue Price | ₹35 per share |
| Lot Size | 428 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,88,57,142 shares (agg. up to ₹66 Cr) |
| Fresh Issue | 1,88,57,142 shares (agg. up to ₹66 Cr) |
| Share Holding Pre Issue | 3,65,00,000 shares |
| Share Holding Post Issue | 5,65,00,000 shares |
| BSE Script Code / NSE Symbol | 543861 / USK |
| ISIN | INE0N0Y01013 |
Udayshivakumar Infra IPO offers total 1,88,57,142 shares. Out of which 18,85,713 (10.00%) allocated to QIB, 56,57,143 (30.00%) allocated to NII 1,13,14,286 (60.00%) allocated to RII.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 18,85,713 (10.00%) | NA |
| NII (HNI) Shares Offered | 56,57,143 (30.00%) | NA |
| − bNII > ₹10L | 37,71,429 (20.00%) | 629 |
| − sNII < ₹10L | 18,85,714 (10.00%) | 314 |
| Retail Shares Offered | 1,13,14,286 (60.00%) | 26,435 |
| Total Shares Offered | 1,88,57,142 (100.00%) |
Investors can bid for a minimum of 428 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 428 | ₹14,980 |
| Retail (Max) | 13 | 5,564 | ₹1,94,740 |
| S-HNI (Min) | 14 | 5,992 | ₹2,09,720 |
| S-HNI (Max) | 66 | 28,248 | ₹9,88,680 |
| B-HNI (Min) | 67 | 28,676 | ₹10,03,660 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 178.90 | 162.61 | 146.82 | 158.26 |
| Total Income | 107.14 | 186.39 | 211.11 | 194.41 |
| Profit After Tax | 10.02 | 12.15 | 9.32 | 10.49 |
| NET Worth | 78.34 | 68.32 | 56.18 | 46.87 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 39.46 | 26.48 | 30.60 | 33.95 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of the Company | 45.00 |
| 2 | General corporate purposes. | 16.16 |
| KPI | |
|---|---|
| ROE | 17.78 |
| ROCE | 20.71 |
| Debt/Equity | 0.39 |
| RoNW | 17.78 |
| PAT Margin | 6.54% |
| EBITDA Margin | 13.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.33 | |
| P/E (x) | 9.67 | |
| Promoter Holding | 100.00% | 65.9% |
| Market Cap | ₹193.75 Cr. |
The Udayshivakumar Infra IPO is subscribed 32.49 times on March 23, 2023 7:02:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 42.92 | 18,85,715 | 8,09,43,788 |
| NII | 64.08 | 56,57,142 | 36,24,91,604 |
| bNII (bids above ₹10L) | 63.54 | 37,71,428 | 23,96,50,040 |
| sNII (bids below ₹10L) | 65.14 | 18,85,714 | 12,28,41,564 |
| Retail | 14.95 | 1,13,14,285 | 16,91,67,428 |
| Total | 32.49 | 1,88,57,142 | 61,26,02,820 |
Total Application : 3,67,123
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission) | 1.60 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue. Brokerage and sellingcommission and bidding charges for the Syndicate, Registered Brokers, RTAs and CDPs (2)(3)(4)(5)(6) | 0.62 |
| 3 | Fees payable to the Registrar of the Issue | 0.01 |
| 4 | Fees payable to the other advisors to the Issue | 0.89 |
| 5 | Other expenses | |
| 6 | Listing fees, SEBI filing fees, BSE and NSE processing fees, book buildingsoftware fees | 0.70 |
| 7 | Printing and stationery expenses | 0.12 |
| 8 | Advertising and marketing expenses | 0.11 |
| 9 | Fees payable to the legal counsel | 0.50 |
| 10 | Miscellaneous | 0.29 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹0.00 |
| Low | ₹29.15 |
| High | ₹31.50 |
| Last Trade | ₹31.50 |
Lead Manager Reports
Udayshivakumar Infra IPO is a main-board IPO of 1,88,57,142 equity shares of the face value of ₹10 aggregating up to ₹66 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 428.
The IPO opens on Mon, Mar 20, 2023, and closes on Thu, Mar 23, 2023.
MAS Services Ltd. 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 Mon, Mar 20, 2023 and closes on Thu, Mar 23, 2023.
Udayshivakumar Infra IPO lot size is 428, and the minimum amount required for application is ₹14,980.
You can apply in Udayshivakumar Infra IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Mar 31, 2023. Check the Udayshivakumar Infra IPO allotment status.
The Udayshivakumar Infra IPO listing date is on Mon, Apr 3, 2023.
