Udayshivakumar Infra Limited IPO Detail
Incorporated in 2019, Udayshivakumar Infra Limited is engaged in the business of the construction of roads.
Udayshivakumar Infra Limited is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 company. They construct roads including State Highways, District Roads, Smart Roads under Municipal Corporations, Smart Roads under PM's Smart City Mission projects, National Highways, Bruhat Bengaluru Mahanagara Palike (BBMP), and Local Area Roads in various Taluka Places, etc.
The company primarily operates in the State of Karnataka. They bid for Roads, Bridges, Irrigation & Canals Industrial Area construction in Karnataka, this includes National Highways (MORTH), State Highway Development Corporations Ltd., (SHDP), Government Departments such as Karnataka Public Works Ports & Inland Water Transport Department (KPWP & IWTD), Davanagere Harihara Urban Development Authority (DHUDA), and many more.
As of August 31, 2022, the Company had executed over 30 various projects in and around the State of Karnataka along with the erstwhile partnership firm, M/s. Udayshivakumar. The entity is working on twenty-five ongoing projects.
To gear up its operations and scale larger, the company is also looking to undertake projects in the joint venture with other infrastructure companies in industry.
Company Promoters
Mr. UdayshivakumarIPO Details
| IPO Opening Date | Mar 20, 2023 |
| IPO Closing Date | Mar 23, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹33 - 35 per equity share |
| Market Lot | 428 Shares |
| Min Order Quantity | 428 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹66.00 Cr |
| Fresh Issue | ₹66.00 Cr |
| Offer for Sale | - |
| Retail Portion | 60% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.03x | - | - | 0.78x | 0.47x | 0.62x |
| Day 2 | 1.10x | - | - | 3.69x | 1.91x | 2.36x |
| Day 3 | 1.27x | - | - | 7.55x | 4.12x | 4.86x |
| Day 4 | 42.92x | - | - | 64.08x | 14.95x | 32.49x |
IPO Tentative Timetable
The Udayshivakumar Infra Limited IPO open date is Mar 20, 2023, and the close date is Mar 23, 2023. The issue may list on Apr 03, 2023.
| IPO Open Date | Mar 20, 2023 |
| IPO Close Date | Mar 23, 2023 |
| Basis of Allotment Date | Mar 28, 2023 |
| Initiation of Refunds | Mar 29, 2023 |
| Credit of Shares to Demat Account | Mar 31, 2023 |
| IPO Listing Date | Apr 03, 2023 |
IPO Lot Size
The Udayshivakumar Infra Limited IPO market lot size is 428 shares. A retail-individual investor can apply for up to 13 lots (5564 shares or ₹194740).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 428 | ₹14980 |
| Maximum | 13 | 5564 | ₹194740 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 158.26 | 194.41 | 10.49 |
| 31-Mar-21 | 146.82 | 211.11 | 9.32 |
| 31-Mar-22 | 162.61 | 186.39 | 12.15 |
| 30-Sep-22 | 178.90 | 107.14 | 10.02 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding incremental working capital requirements of our Company;
- General corporate purposes.
Udayshivakumar Infra Limited IPO Registrar:
MAS Services Limited
Udayshivakumar Infra Limited IPO Lead Manager(s):
Saffron Capital Advisors Private Limited
Company Contact Information:
Udayshivakumar Infra Limited
1924A/196, Banashankari Badavane,
Near NH-4 Bypass,
Davangere – 577 005
