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Udayshivakumar Infra Limited IPO Detail

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. Udayshivakumar

IPO Details

IPO Opening DateMar 20, 2023
IPO Closing DateMar 23, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹33 - 35 per equity share
Market Lot428 Shares
Min Order Quantity428 Shares
Listing AtBSE, NSE
Issue Size₹66.00 Cr
Fresh Issue₹66.00 Cr
Offer for Sale-
Retail Portion 60%

IPO Subscription (Bidding Detail)

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 DateMar 20, 2023
IPO Close DateMar 23, 2023
Basis of Allotment DateMar 28, 2023
Initiation of RefundsMar 29, 2023
Credit of Shares to Demat AccountMar 31, 2023
IPO Listing DateApr 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100.00%
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:

  1. Funding incremental working capital requirements of our Company;
  2. 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