Updater Services is a leading, focused, and integrated business services platform in India offering integrated facilities management (“IFM”) services and business support services (“BSS”) to our customers, with a pan-India presence. (Source: F&S Report). They are the second largest player in the IFM market in India and have the widest service offering in the industry, making us a unique and differentiated player in the market. (Source: F&S Report).
Updater Services 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.
The company portfolio of services has also evolved over the years to cater to the needs of diverse customer segments across a range of sectors including FMCG, manufacturing and engineering, banking, financial services and insurance (“BFSI”), healthcare, information technology/information technology-enabled services (“IT / ITeS”), automobiles, logistics and warehousing, airports, ports, infrastructure, and retail, among others. They served many clients across various sectors, including certain marquee 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 (“Saint-Gobain”), Tata Consultancy Services Limited (“TCS”), LTIMindtree Limited (“Mindtree”), Honda Motorcycle and Scooter India Private Limited (“Honda”), IIFL Finance Limited (“IIFL Finance”), SBI Life Insurance Company Limited (“SBI Life Insurance”), Sony India Private Limited (“Sony”) and Shriram Transport Finance Company Limited (“Shriram Transport”).
Objects of the Issue
- Repayment and /or prepayment of certain borrowings availed by the Company.
- Funding the working capital requirements.
- Pursuing inorganic initiatives.
- General corporate purposes.
Updater Services IPO Review (Apply or Not)
- May Apply
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Updater Services IPO Date & Price Band Details
|IPO Open:||September 25, 2023|
|IPO Close:||September 27, 2023|
|IPO Size:||Approx ₹640 Crores|
|Fresh Issue:||Approx ₹400 Crores|
|Offer for Sale:||Approx 8,000,000 Shares|
|Face Value:||₹10 Per Equity Share|
|IPO Price Band:||₹280 to ₹300 Per Share|
|IPO Listing on:||BSE & NSE|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
|Anchor Investors List:||Click Here|
Updater Services IPO Market Lot
The Updater Services IPO minimum market lot is 50 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots with 650 shares or ₹195,000 amount.
Updater Services IPO Allotment & Listing Dates
The Updater Services IPO date is Septmber 25 and the close date is September 27. The Updater Services IPO allotment will be finalized on October 4 and the IPO listing on October 9.
|Anchor Investors Allotment:||September 24, 2023|
|IPO Open Date:||September 25, 2023|
|IPO Close Date:||September 27, 2023|
|Basis of Allotment:||September 30, 2023|
|Refunds:||October 3, 2023|
|Credit to Demat Account:||October 3, 2023|
|IPO Listing Date:||October 4, 2023|
Updater Services IPO Form
How to apply for the Updater Services IPO? You can apply for Updater Services IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Updater Services IPO in the Invest section. The other option is you can apply for Updater Services IPO via IPO forms downloaded via NSE and BSE. Check out the Updater Services forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Updater Services Company Financial Report
|₹ in Crores|
Updater Services IPO Valuation – FY2023
Check Updater Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
|Earning Per Share (EPS):||₹6.77 per Equity Share|
|Price/Earning P/E Ratio:||N/A|
|Return on Net Worth (RoNW):||9.34%|
|Net Asset Value (NAV):||₹71.93 per Equity Share|
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Updater Services IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Updater Services IPO Allotment Status Check
Check Updater Services IPO allotment status on Linkintime website allotment URL. Click Here
Updater Services IPO Lead Managers aka Merchant Bankers
- Iifl Securities Ltd
- Motilal Oswal Investment Advisors Limited
- SBI Capital Markets Limited
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]
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Note: The Updater Services IPO price band and date are officially announced. The IPO grey market premium (Updater Services IPO Premium) will be added to the IPO grey market page as it will start).
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