Updater Services Limited IPO
Updater Services Limited IPO is listed on BSE and NSE, priced at ₹280–₹300 per share. The stock debuted at ₹285. The IPO had a lot size of ₹50 shares and a minimum investment of ₹15,000.
Updater Services Limited IPO
- IPO Dates
- Sep 25, 2023 – Sep 27, 2023
- Price band
- ₹280-300 per equity share
- Minimum Investment
- ₹15,000
- Issue size
- Total ₹640 Cr : #Fresh Issue : 13,333,333 shares(aggregating up to ₹400.00 Cr) + #OFS : 8,000,000 shares of ₹10(aggregating up to ₹240 Cr)
- Lot size
- 50
- Allotment Date
- Sep 30, 2023
- Listing
- Oct 4, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Sep 25, 2023
Open Date
Completed
-
Sep 27, 2023
Close Date
Completed
-
Sep 30, 2023
Allotment Date
Completed
-
Oct 4, 2023
Listing Date
Completed
Price Summary
- Last closing
- 172.40 (-42.53%)
- 52 week high
- 356.00
- 52 week low
- 125.10
- Last update
Updater Services Limited IPO Essentials
Updater Services Limited IPO Details
Updater Services Limited IPO is priced at ₹280-300 per share with a total issue size of Total ₹640 Cr : #Fresh Issue : 13,333,333 shares(aggregating up to ₹400.00 Cr) + #OFS : 8,000,000 shares of ₹10(aggregating up to ₹240 Cr). The IPO has a lot size of 50 shares and is listed on BSE and NSE.
- Issue price
- ₹280-300 per equity share
- Lot size
- 50 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹640 Cr :
#Fresh Issue : 13,333,333 shares(aggregating up to ₹400.00 Cr) +
#OFS : 8,000,000 shares of ₹10(aggregating up to ₹240 Cr) - Listing at
- BSE, NSE
- List price
- 285.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Iifl Securities Ltd, Motilal Oswal Investment Advisors LimitedSBI Capital Markets Limited
Updater Services Limited IPO Analytics
Updater Services Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Updater Services Limited IPO Subscription Status
Updater Services Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,400,000 |
3,200,000
2,133,333
1,066,666
|
2,133,333 | 11,733,333 |
|
Day 1
25-09-23 05:00 PM
|
0.00 x |
0.01x
0.00x
0.03x
|
0.30 x | 0.06 x |
|
Day 2
26-09-23 05:00 PM
|
0.00 x |
0.12x
0.15x
0.08x
|
0.72 x | 0.17 x |
|
Day 3
27-09-23 05:00 PM
|
4.48 x |
0.85x
1.02x
0.51x
|
1.38 x | 2.90 x |
|
Total No. of Applications
|
category wise applications | ||
|---|---|---|---|
| 49,623 (Approx) | 1.16 | ||
Updater Services Limited Valuations
Earnings
- EPS (Post IPO)
- ₹6.77/-
Returns
- RoNW
- 9.34%
Updater Services Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,216.95 | 874.57 | 579.49 |
| Revenue | 2,112.09 | 1,497.89 | 1,216.35 |
| Profit After Tax | 34.61 | 57.37 | 47.56 |
Updater Services Limited Company & Offer Insights
About Updater Services Limited
Updater Services Limited offers facility management services and business support services (BSS). The company 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.
In FM & Other Services Segment; Production Support Services, Soft Services, Engineering Services, Washroom and Femmenine Hygiene, Warehouse management, General Staffing and more.
In the BSS segment, the company offers Audit and Assurance services through the Subsidiary, Matrix. UDS also offer employee background verification check services, airport ground handling services, sales enablement services and more through its subsidiaries.
As of June 30, 2023, UDS served 2,797 customers across various sectors, including certain 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 and more.
Updater Services Limited is 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 situated overseas, as of June 30, 2023.
Updater Services Limited Promoter(s)
Raghunandana Tangirala, Shanthi Tangirala, Tangi Facility Solutions Private Limited are the company's promoters of Updater Services Limited.
Updater Services Limited IPO Issue Objectives
- •
- Repayment and /or prepayment of certain borrowings availed by the Company.
- •
- Funding the working capital requirements.
- •
- Pursuing inorganic initiatives.
- •
- General corporate purposes.
Updater Services Limited IPO - Anchor Investors
Updater Services raises Rs 288 crore via anchor book, a day before issue opening.
Total 18 investors participated in the anchor book including marquee names like Societe Generale, Copthall Mauritius Investment, Citigroup Global, BNP Paribas Arbitrage - ODI and Nomura Singapore.
Domestic participants also invested in the company including ICICI Prudential Mutual Fund, Franklin India, Aditya Birla Sun Life Insurance, Bandhan Mutual Fund, Motilal Oswal, and 360 One Special Opportunities Fund, via anchor book.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Updater Services Limited IPO is a book-built IPO worth ₹Total ₹640 Cr : #Fresh Issue : 13,333,333 shares(aggregating up to ₹400.00 Cr) + #OFS : 8,000,000 shares of ₹10(aggregating up to ₹240 Cr). The price band is ₹280–₹300 per share. The IPO opens on Sep 25, 2023 and closes on Sep 27, 2023. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Updater Services Limited IPO is ₹280 to ₹300 per share.
The lot size of Updater Services Limited IPO is 50 shares.
The minimum investment for Updater Services Limited IPO is approximately ₹15,000 based on the upper price band .
Updater Services Limited IPO opens on Sep 25, 2023 and closes on Sep 27, 2023.
The allotment date of Updater Services Limited IPO is Sep 30, 2023.
Updater Services Limited IPO is expected to be listed on Oct 4, 2023, on BSE and NSE .
Updater Services Limited IPO listed on Oct 4, 2023. It was issued at ₹285.0(NSE) and is currently around ₹172.40 as on 14-May-2026 3:30 PM, which is approximately -42.5% versus issue price. The 52-week high is ₹356.00.
Based on listing and post-listing performance, Updater Services Limited IPO delivered around -42.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Updater Services Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Updater Services Limited IPO valuation snapshot: P/E N/A, EPS ₹6.77/-, P/B N/A, RoNW 9.34%, and market cap N/A.
To apply for Updater Services Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Updater Services Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Updater Services Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Updater Services Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Updater Services Limited IPO allotment status on IPO Ji for quick and easy access.