Updater IPO Subscription Details

Bookbuilding IPO | ₹640 Cr | Listed at BSE, NSE | Mon, Sep 25, 2023 - Wed, Sep 27, 2023

Basis of Allotment - Updater IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares)64,00,00196,00,0001,60,00,00110,66,66621,33,33331,99,99921,33,3332,13,33,333
Allotment price (Rs.)300300300300300300300300
No.of applications18183671211082246,02546,883
No.of shares applied2,88,13,7001,02,66,6003,90,80,3005,50,00022,33,00027,83,00029,68,4504,48,31,750
Amount collected (Rs.cr.)864.41 308.00 1,172.41 16.50 66.99 83.49 89.05 1,344.95
No.of times subscribed4.501.072.440.521.050.871.392.10
No.of shares allotted67,67,94296,00,0001,63,67,9425,50,00022,33,00027,83,00021,82,3912,13,33,333
Amount (Rs.cr.)203.04 288.00 491.04 16.50 66.99 83.49 65.47 640.00
No.of allottees18183671211082243,64744,505

IPO Shares Offered

Updater IPO is a public issue of 2.13 Cr equity shares. The issue offers 0.21 Cr shares to retail investors, 1.60 Cr shares to qualified institutional buyers, and 0.32 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 1,60,00,001480.00 75.00%
    Anchor 96,00,000 288.00 45.00%
    QIB (Ex Anchor) 64,00,001 192.00 30.00%
NII 31,99,99996.00 15.00%
    bNII (> ₹10L)21,33,33364.00 10.00%
    sNII (< ₹10L)10,66,66632.00 5.00%
Retail21,33,33364.00 10.00%
Total2,13,33,333640.00 100%

Updater IPO Anchor Investor Allocation

A total of 96,00,000 shares at a price of Rs 300 per share will be allotted to the anchor investors.

Anchor investors bid opening dateSep 22, 2023
Anchor investor price₹300.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days48,00,000
No. of shares locked-in for 90 days48,00,000
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 ICICI PRUDENTIAL ELSS TAX SAVER FUND ICICI PRUDENTIAL MUTUAL FUND 8,33,350 25.00 8.68 3.91
2 ICICI PRUDENTIAL TECHNOLOGY FUND ICICI PRUDENTIAL MUTUAL FUND 8,33,350 25.00 8.68 3.91
3 BNP PARIBAS ARBITRAGE-ODI BNP PARIBAS 16,66,700 50.00 17.36 7.81
4 FRANKLIN INDIA SMALL CAP FUND FRANKLIN TEMPLETON MUTUAL FUND 11,66,700 35.00 12.15 5.47
5 ADITYA BIRLA SUN LIFE INSURANCE CO.LTD. ADITYA BIRLA SUN LIFE INSURANCE 11,66,700 35.00 12.15 5.47
6 BANDHAN SMALL CAP FUND BANDHAN MUTUAL FUND 3,50,000 10.50 3.65 1.64
7 BANDHAN MULTI CAP FUND BANDHAN MUTUAL FUND 3,50,000 10.50 3.65 1.64
8 BANDHAN AGGRESSIVE HYBRID FUND BANDHAN MUTUAL FUND 1,33,350 4.00 1.39 0.63
9 MOTILAL OSWAL GROWTH OPPORTUNITIES FUND-SERIES II MOTILAL OSWAL 4,00,000 12.00 4.17 1.88
10 MOTILAL OSWAL SELECT OPPORTUNITIES FUND-SERIES III MOTILAL OSWAL 3,33,350 10.00 3.47 1.56
11 BENGAL FINANCE & INVESTMENT PVT.LTD. BENGAL FINANCE & INVESTMENT 6,99,600 20.99 7.29 3.28
12 360 ONE SPECIAL OPPORTUNITIES FUND-SERIES IX 360 ONE 3,33,350 10.00 3.47 1.56
13 360 ONE SPECIAL OPPORTUNITIES FUND-SERIES X 360 ONE 3,33,350 10.00 3.47 1.56
14 SOCIETE GENERALE-ODI SOCIETE GENERAL 3,33,400 10.00 3.47 1.56
15 BNP PARIBAS ARBITRAGE BNP PARIBAS 1,66,700 5.00 1.74 0.78
16 COPTHALL MAURITIUS INVESTMENT LTD.-ODI ACCOUNT COPTHALL 1,66,700 5.00 1.74 0.78
17 CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD. CITIGROUP 1,66,700 5.00 1.74 0.78
18 NOMURA SINGAPORE LTD. NOMURA 1,66,700 5.00 1.74 0.78
96,00,000288.0010045.00

IPO Subscription FAQs

The Updater IPO is subscribed 2.96 times by Sep 27, 2023 19:02.

Updater IPO Subscription

Investor Category Subscription (times)
Qualified Institutional4.5
Non Institutional0.89
Retail Individual1.45
Total Subscription2.96

Retail category of Updater IPO subscribed 1.45 times as of date Sep 27, 2023 19:02. The public issue closes on Wed, Sep 27, 2023 for bidding.

An investor can apply in Updater IPO online via bank (using ASBA) or the broker (using UPI). The Updater IPO shares are offered online only.

The Updater IPO is subscribed 2.96 times by Sep 27, 2023 19:02.

The Updater IPO allotment status is expected on or around Thursday, September 28, 2023. Visit Updater IPO allotment status to check.

The Updater IPO listing date is October 4, 2023. The equity share of Updater IPO will list on BSE, NSE.

Visit Updater IPO subscription status page for real-time bidding information about Updater IPO.

Updater IPO Timetable

IPO opens OnMonday, September 25, 2023
IPO Closes OnWednesday, September 27, 2023
Finalisation of Basis of AllotmentThursday, September 28, 2023
Initiation of RefundsFriday, September 29, 2023
Credit of Shares to Demat AccountTuesday, October 3, 2023
IPO Listing DateWednesday, October 4, 2023
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