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Updater Services Limited IPO
Issue Size (Net)
up to Rs.400.00 Cr
Price Band
Rs.280 to Rs.300 per share
Issue Opens
Sep 25, 2023
Issue Closes
Sep 27, 2023

Company Highlights

1.Company Information

Incorporated in 1990, Updater Services Limited offers facility management services and business support services ("BSS"). The company operates in the Business-to-Business ("B2B") services space offering a spectrum of business services, which are broadly classified into the two following segments: 1. IFM & Other Services Segment; and 2. BSS Segment.

In FM & Other Services Segment; Production Support Services, Soft Services, Engineering Services, Washroom and Femmenine Hygiene, Warehouse management, General Staffing and more.

In the BSS segment, the company offers Audit and Assurance services through the Subsidiary, Matrix. UDS also offer employee background verification check services, airport ground handling services, sales enablement services and more through its subsidiaries. As of June 30, 2023, UDS served 2,797 customers across various sectors, including certain global and Indian customers such as Procter & Gamble Home Products Limited ("P&G"), Aditya Birla Fashion and Retail Limited ("ABFRL"), Microsoft, Hyundai Motor India Limited ("Hyundai"), Saint-Gobain India Private Limited and more.

2. Objects of the Issue

1. Pursuing inorganic initiatives.

2. General Corporate Purpose.

3.Updater Services IPO Registrar
Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: aeroflexindustries.ipo@linkintime.co.in

Website: https://linkintime.co.in/mipo/ipoallotment.html

Updater Services IPO Financial Information (Restated Consolidated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-21
579.49
1216.35
47.56
285.26
11.61
31-Mar-22
874.57
1497.89
57.37
340.43
58.68
31-Mar-23
1216.95
2112.09
34.61
380.89
176.54
Amount in Rs. Crore

Updater Services IPO Details

Issue Opening Date
Sep 25, 2023
Issue Closing Date
Sep 27, 2023
Face Value
Rs.10 per share
Price
Rs.280 to Rs.300 per share
Lot Size
50 Shares
Issue Size
Fresh Issue
[.] shares (aggregating up to Rs.400.00 Cr)
Offer for Sale
8,000,000 shares of Rs.10 (aggregating up to Rs.[.] Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Updater Services IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Monday, September 25, 2023
Closing Date
Wednesday, September 27, 2023
Basis of Allotment
Wednesday, October 4, 2023
Initiation of Refunds
Thursday, October 5, 2023
Credit of Shares to Demat
Friday, October 6, 2023
Listing Date
Monday, October 9, 2023
Cut-off time for UPI mandate confirmation
5 PM on September 27, 2023

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508


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