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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 ₹35.00 per share . The lot size for an application is 428. The minimum amount of investment required by an retail is ₹14,124 (428 shares). 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 Date | March 20, 2023 to March 23, 2023 |
| Listing Date | April 3, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹33 to ₹35 per share |
| Issue Price Final | ₹35 per share |
| Lot Size | 428 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,88,57,142 shares (aggregating up to ₹66.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,65,00,000 shares |
| Share Holding Post Issue | 5,65,00,000 shares |
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 | Maximum 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%) |
Udayshivakumar Infra IPO opens on March 20, 2023, and closes on March 23, 2023.
| IPO Open Date | Mon, Mar 20, 2023 |
| IPO Close Date | Thu, Mar 23, 2023 |
| Tentative Allotment | Tue, Mar 28, 2023 |
| Initiation of Refunds | Wed, Mar 29, 2023 |
| Credit of Shares to Demat | Fri, Mar 31, 2023 |
| Tentative Listing Date | Mon, Apr 3, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 23, 2023 |
Investors can bid for a minimum of 428 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | April 3, 2023 |
| BSE Script Code | 543861 |
| NSE Symbol | USK |
| ISIN | INE0N0Y01013 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | T |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹30.00 |
| Low | ₹29.15 |
| High | ₹31.50 |
| Last Trade | ₹31.50 |
Udayshivakumar Infra Ltd.
1924A/196,
Banashankari Badavane,
Near NH-4 Bypass,
Davanagere, Karnataka, 577005
Phone: +91 819 229 7009
Email: cs@uskinfra.com
Website: http://www.uskinfra.com/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
Udayshivakumar Infra IPO is a main-board IPO of 1,88,57,142 equity shares of the face value of ₹10 aggregating up to ₹66.00 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 428.
The IPO opens on March 20, 2023, and closes on March 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 March 20, 2023 and closes on March 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 Friday, March 31, 2023. Check the Udayshivakumar Infra IPO allotment status.
The Udayshivakumar Infra IPO listing date is on Monday, April 3, 2023.
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