IPO Details
Bidding Dates
20 Mar '23 - 23 Mar '23
Minimum Investment
₹14,980 / 1 Lots ( 428 Shares )
Price Range
₹33 - ₹35
Maximum Investment
₹194,740 / 13 Lots ( 5564 Shares )
Retail Discount
To be announced
Issue Size
₹66.00 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |ARQ IPO Prediction
Listing gain & Over subscription prediction
Over-Subscribed 5.15x
Chances of listing gains & oversubscription
high
Updated 45mins ago
DAY 4
IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Mar 20, 2023
IPO Closing Date
Mar 23, 2023
IPO Allotment Date
Mar 28, 2023
Initiation Of Refunds
Mar 29, 2023
Credit Of Shares To Demat Account
Mar 31, 2023
IPO Listing Date
Apr 3, 2023
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Mar 20, 2023 |
1.03 | 0.78 | 0.48 | 0.62 |
Day 2Mar 21, 2023 |
1.10 | 3.71 | 1.91 | 2.37 |
Day 3Mar 22, 2023 |
1.28 | 9.01 | 4.44 | 5.50 |
Day 4Mar 23, 2023 |
42.92 | 64.08 | 14.95 | 32.49 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 42.92 |
| Non-Institutional Buyers | 64.08 |
| Retail Investors | 14.95 |
| Employees | [.] |
| Other | [.] |
| Total | 32.49 |
About Company
They are an infra company engaged in constructing roads, including national highways, state highways, district roads, smart roads under PM’s Smart City Mission projects and others. In 2014 the company was started by M/s Udayshivakumar as a proprietary business and converted to a partnership at a later date. It primarily operates in the state of Karnataka.
Udayshivakumar Infra is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 company. The company had worked on 30 projects since 2015 worth ₹68,468 lakh.
Udayshivakumar Kotarki is a JV between the company and Kotarki Constructions Pvt. Ltd. The newly formed JV has been awarded a project by NHAI worth Rs. 17,100 lakh.
The bidding window of Udayshivakumar Infra IPO will remain open from March 20-23, 2023. The company plans to raise Rs. 66 crores from 20,000,000 equity shares with a face value of ₹10. Investors can bid in the price band of Rs 33-35 per share.
Udayshivakumar Infra IPO Objective
- Meeting incremental working capital requirements
- General corporate purposes
Why should you invest in Udayshivakumar Infra Ltd.?
These are the top reasons to consider investing in the IPO.
- The company operates in two business lines of construction and sales (RMC, Jelly and M-sand, Scrap, Iron and steel).
- The company stands to gain from a strong order book to undertake projects of different sizes and complexities.
- They have successfully executed 30 projects since 2015.
- They entered a JV in April 2022, which helped them expand their capacity to undertake bigger projects.
Udayshivakumar Infra Noteworthy highlights
- On December 31, 2022, they had 30 ongoing projects with an order size of Rs. 85,387.75 lakh and projects worth Rs. 43,650.98 lakh in the pipeline.
Udayshivakumar Infra Company Financials
| Particulars | Year ending on March 31, 2022 | Year ending on March 31, 2021 | Year ending on March 31, 2020 |
|---|---|---|---|
| Revenue from Operations | 18,562.92 | 21,039.67 | 19,360.78 |
| Profit After Tax (PAT) | 1,214.81 | 931.92 | 1,048.72 |
| EBITDA | 2,488.91 | 2,363.03 | 2,506.80 |
| EBITDA Margin | 13.41% | 11.23% | 12.95% |
| EPS | 3.33 | 2.55 | 2.87 |
| ROE | 17.78% | 16.59% | 22.38% |
Know before investing
Strengths
3-
They have years of experience building roads under BOQ and EPC business.
-
They have gathered a fleet of equipment and built in-house expertise to support their construction business.
-
The company has set up RMC plants at different construction locations and also sells those to other small constructors.
Risks
3-
Karnataka state government projects are the primary source of revenue for Udayshivakumar Infra Limited.
-
They derive the majority of revenue from a limited number of clients.
-
If the company fails to win projects it can impact its future revenue.
Over-Subscribed5.15x
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Over-Subscribed5.15x
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Udayshivakumar Infra IPO FAQs
Udayshivakumar Infra Ltd. IPO worth ₹66 crore will open for subscription on March 20, 2023. The IPO size containing 20,000,000 will be available in the price band of Rs 33-35 per share.
The basis of the allotment date is March 28, 2023.
One lot of Udayshivakumar Infra IPO has 428 shares.
The IPO will open on March 20, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of Udayshivakumar Infra Ltd. is April 3, 2023.
You can check the allotment status of your IPO application from the Angel One app.
To check the allotment status, enter the application number, DP ID, and PAN number into the app.
Listing gain can’t be ascertained before the IPO is listed on the exchange. You can get this information on the listing date for Udayshivakumar Infra Ltd. which is April 03,2023.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 2000 shares.
