The Updater Services IPO has begun on 25-September-2023. It will close on 27-September-2023. The Total IPO Size is 640 Crore . The company set its IPO price is 280-300 Rs Per Share. Basically, there are three basic categories in Updater Services IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Retail.
Updater Services is established in 1990.
Updater Services are a leading, focused, and integrated business services platform in India offering integrated facilities management (“IFM”) services and business support services (“BSS”) to our clients, with a pan-India presence.
They operate 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
They have grown to become a pan India player, with a widespread network consisting of 4,331 locations (excluding staffing locations) managed from 129 points of presence with 116 offices situated in India and 13 offices 219 situated overseas, as of June 30, 2023.
Updater Services IPO Date, Details & Price Band
The Updater Services IPO Price Band, IPO Dates, Market lot and other details mention in be below table.
| IPO Opening Dates | 25-September-2023 |
| IPO Closing Dates | 27-September-2023 |
| Price Band | 280-300 Rs |
| Fresh issue | 400 Crore |
| Offer for Sale | 240 Crore |
| Total IPO size | 640 Crore |
| Minimum bid (lot size) | 50 Shares |
| Face Value | 10 INR Per Share |
| Issue Type | Book Built Issue IPO |
| Listing On | NSE, BSE |
Updater Services IPO Reservation
There are three basic category of Updater Services IPO Reservation, other mention in be below table.
| QIB Allocation | 75% |
| HNI Allocation | 15% |
| Retail Allocation | 10% |
Updater Services IPO Market Lot
The Updater Services IPO minimum market lot is 50 shares With 15,000 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 50 | 15,000 ₹ |
| Retail Maximum | 13 | 650 | 1,95,000 ₹ |
Updater Services IPO GMP & Grey Market Premium
Updater Services IPO GMP Grey market premium has been started today. Check Latest Updater Services IPO GMP, Kostak Rates and Subject to Sauda Price here.
Updater Services IPO Prospectus
Updater Services IPO Prospectus Available on BSE and Sebi Website as well as on our Portal. Please click here to Download Updater Services IPO Prospectus.
| DRHP | Download |
| RHP | Download |
Updater Services IPO Reviews
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Updater Services IPO Form Download
Updater Services IPO form Available on NSE, BSE Website as well as on our Portal. Please click here to Download Updater Services IPO forms.
Updater Services IPO Allotment Date & Details (Tentative)
| Allotment Date | 04-October-2023 |
| Initiation of refunds | 05-October-2023 |
| Transfer of shares to Demat accounts | 06-October-2023 |
| Listing Date | 09-October-2023 |
| Check Allotment Status | Click here |
Registrar of Updater Services
Link Intime India Private Limited
C-101, 247 Park
1st Floor, L.B.S. Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Telephone: +91 810 811 4949
E-mail: [email protected]
Website: www.linkintime.co.in
Investor grievance e-mail:
[email protected]
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Updater Services Contact Details
Updater Services Limited
No. 2/302-A, UDS Salai,
Off Old Mahabalipuram Road, Thoraipakkam,
Chennai 600 097, Tamil Nadu, India
Phone: +91 44 24963234 / 0333
Email: [email protected]
Website: https://www.uds.in/
Updater Services IPO Lead Manager
SBI Capital Markets Limited
202, Maker Tower ‘E’
Cuffe Parade
Mumbai 400 005
Maharashtra, India
Telephone: +91 22 4006 9807
E-mail: [email protected]
Website: www.sbicaps.com
Investor grievance e-mail:
[email protected]
Contact person: Janardhan Wagle / Krithika Shetty
SEBI registration number: INM000003531
IIFL Securities Limited
10th Floor, IIFL Centre
Kamala City, Senapati Bapat Marg
Lower Parel (West), Mumbai 400 013
Maharashtra, India
Telephone: +91 22 4646 4728
E-mail: [email protected]
Website: www.iiflcap.com
Investor grievance e-mail: [email protected]
Contact person: Mukesh Garg / Pawan Jain
SEBI registration number: INM000010940
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road
Opposite Parel ST Depot Prabhadevi
Mumbai 400 025
Maharashtra, India
Telephone: +91 22 7193 4380
E-mail: [email protected]
Website: www.motilaloswalgroup.com
Investor grievance e-mail:
[email protected]
Contact person: Ritu Sharma
SEBI registration number: INM000011005