{"id":5098,"date":"2023-09-23T12:27:20","date_gmt":"2023-09-23T06:57:20","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5098"},"modified":"2023-09-23T12:27:28","modified_gmt":"2023-09-23T06:57:28","slug":"updater-services-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/updater-services-ipo\/","title":{"rendered":"Updater Services IPO Details - Complete Overview of Updater Services Limited IPO"},"content":{"rendered":"\n

Updater Services<\/strong> IPO Price: <\/strong>\u20b9280 to \u20b9300 per share
IPO Date Range:<\/strong> Sep 25, 2023 - Sep 27, 2023<\/p>\n\n\n\n

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\"Updater<\/figure>\n<\/div><\/div>\n\n\n\n
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Core Foundation:<\/h2>\n\n\n\n

Updater Services Limited, incorporated in 1990, has established itself as a leading provider of facility management and business support services (BSS) in India.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Business Essence:<\/h2>\n\n\n\n

The company operates in the Business-to-Business (B2B) services space, offering a wide range of business services. These services are divided into two main segments:<\/p>\n\n\n\n

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  1. IFM & Other Services Segment: This includes Production Support Services, Soft Services, Engineering Services, Washroom and Feminine Hygiene, Warehouse management, General Staffing, and more.<\/li>\n\n\n\n
  2. BSS Segment: Under this segment, the company provides Audit and Assurance services through its subsidiary, Matrix. Additionally, UDS offers services like employee background verification checks, airport ground handling, sales enablement, and more through its various subsidiaries.<\/li>\n<\/ol>\n\n\n\n

    Financial Highlights:<\/strong><\/h2>\n\n\n\n

    The company has shown consistent growth over the years. For the fiscal year ending March 31, 2023, the company reported total assets of \u20b91,216.95 crores, revenue of \u20b92,112.09 crores, and a profit after tax of \u20b934.61 crores.<\/p>\n\n\n\n

    Clientele & Presence<\/strong><\/strong>:<\/h2>\n\n\n\n

    As of June 30, 2023, UDS served a diverse clientele of 2,797 customers across various sectors. Some of their notable clients include Procter & Gamble Home Products Limited (P&G), Aditya Birla Fashion and Retail Limited (ABFRL), Microsoft, Hyundai Motor India Limited, and Saint-Gobain India Private Limited. The company has a pan-India presence with 4,331 locations managed from 129 points of presence, including 116 offices in India and 13 overseas offices.<\/p>\n\n\n\n

    Bidding Starts In<\/h2>\n\n\n\n
    -<\/div>
    DAYS<\/div><\/div>
    -<\/div>
    HOURS<\/div><\/div>
    -<\/div>
    MINUTES<\/div><\/div>
    -<\/div>
    SECONDS<\/div><\/div><\/div>\n\n\n\n
    APPLY NOW<\/span><\/path><\/svg>

    Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

    Updater Services IPO Specifics:<\/h2>\n\n\n\n
    IPO Date<\/td>September 25, 2023 to September 27, 2023<\/td><\/tr>
    Listing Date<\/td>Monday, October 9, 2023<\/td><\/tr>
    Face Value<\/td>\u20b910 per share<\/td><\/tr>
    Price Band<\/td>\u20b9280 to \u20b9300 per share<\/td><\/tr>
    Lot Size<\/td>50 Shares<\/td><\/tr>
    Total Issue Size<\/td>21,333,333 shares
    (aggregating up to \u20b9640.00 Cr)<\/td><\/tr>
    Fresh Issue<\/td>13,333,333 shares
    (aggregating up to \u20b9400.00 Cr)<\/td><\/tr>
    Offer for Sale<\/td>8,000,000 shares of \u20b910
    (aggregating up to \u20b9240.00 Cr)<\/td><\/tr>
    Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
    Listing At<\/td>BSE, NSE<\/td><\/tr>
    Share holding pre issue<\/td>53,369,355<\/td><\/tr>
    Share holding post issue<\/td>66,702,688<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Updater Services<\/strong> IPO Lot Size<\/h2>\n\n\n\n

    The minimum lot size to apply in this Updater Services<\/strong> Limited IPO consists of 105 shares, requiring an investment of \u20b914,700.<\/p>\n\n\n\n

    Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
    Retail (Min)<\/td>1<\/td>50<\/td>\u20b915,000<\/td><\/tr>
    Retail (Max)<\/td>13<\/td>650<\/td>\u20b9195,000<\/td><\/tr>
    S-HNI (Min)<\/td>14<\/td>700<\/td>\u20b9210,000<\/td><\/tr>
    S-HNI (Max)<\/td>66<\/td>3,300<\/td>\u20b9990,000<\/td><\/tr>
    B-HNI (Min)<\/td>67<\/td>3,350<\/td>\u20b91,005,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Updater Services IPO Reservation<\/h2>\n\n\n\n
    QIB Shares Offered<\/td>Not less than 75% of the Offer<\/td><\/tr>
    NII (HNI) Shares Offered<\/td>Not more than 15% of the Offer<\/td><\/tr>
    Retail Shares Offered<\/td>Not more than 10% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Updater Services IPO Timetable (Important Dates)<\/h2>\n\n\n\n
    IPO Open Date<\/td>Monday, September 25, 2023<\/td><\/tr>
    IPO Close Date<\/td>Wednesday, September 27, 2023<\/td><\/tr>
    Basis of Allotment<\/td>Wednesday, October 4, 2023<\/td><\/tr>
    Initiation of Refunds<\/td>Thursday, October 5, 2023<\/td><\/tr>
    Credit of Shares to Demat<\/td>Friday, October 6, 2023<\/td><\/tr>
    Listing Date<\/td>Monday, October 9, 2023<\/td><\/tr>
    Cut-off time for UPI mandate confirmation<\/td>5 PM on September 27, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Don't Miss Out!<\/h2>
    <\/div>

    Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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    APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

    Updater Services Limited IPO Financial Information<\/h2>\n\n\n\n

    As of March 31, 2023, the company's assets stood at \u20b91,216.95 crores, with a revenue of \u20b92,112.09 crores. The profit after tax for the same period was \u20b934.61 crores. Here, you can get the complete data of the past three years:<\/p>\n\n\n\n

    Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th><\/tr><\/thead>
    Assets<\/td>579.49<\/td>874.57<\/td>1,216.95<\/td><\/tr>
    Revenue<\/td>1,216.35<\/td>1,497.89<\/td>2,112.09<\/td><\/tr>
    Profit After Tax<\/td>47.56<\/td>57.37<\/td>34.61<\/td><\/tr>
    Net Worth<\/td>285.26<\/td>340.43<\/td>380.89<\/td><\/tr>
    Reserves and Surplus<\/td><\/td><\/td><\/td><\/tr>
    Total Borrowing<\/td>11.61<\/td>58.68<\/td>176.54<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Key Performance Indicator - Updater Services IPO<\/h2>\n\n\n\n

    The market capitalization of Updater Services<\/strong> Limited IPO stands at Rs 608.3 Crore, with a P\/E ratio of 15.71.<\/p>\n\n\n\n

    KPI<\/th>Values<\/th><\/tr><\/thead>
    P\/E (x)<\/td>15.71<\/td><\/tr>
    Market Cap (\u20b9 Cr.)<\/td>608.3<\/td><\/tr>
    ROE<\/td>33.73%<\/td><\/tr>
    ROCE<\/td>22.76%<\/td><\/tr>
    Debt\/Equity<\/td>0.59<\/td><\/tr>
    EPS (Rs)<\/td>8.91<\/td><\/tr>
    RoNW<\/td>28.86%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Objects of the Issue:<\/strong><\/h2>\n\n\n\n

    Updater Services<\/strong><\/strong> aims to channel the net proceeds from the IPO towards:<\/p>\n\n\n\n