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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹640.00 Cr |
| Fresh Issue | ₹400.00 Cr |
| Offer for Sale | ₹240.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹280.00-300.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543996 |
| NSE Code | UDS |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | SBI Capital Markets Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 50 shares and in multiples thereof
Incorporated in 1990, 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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and /or prepayment of certain borrowings availed by the Company | 133.00 |
| 2 | Funding our working capital requirements; | 115.00 |
| 3 | Pursuing inorganic initiatives; and | 80.00 |
| 4 | General corporate purposes | 49.87 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 1,216.95 | 874.57 | 579.49 |
| Total Income | 2,112.09 | 1,497.89 | 1,216.35 |
| Profit After Tax | 34.61 | 57.37 | 47.56 |
| NET Worth | 380.89 | 340.43 | 285.26 |
| Total Borrowing | 176.54 | 58.68 | 11.61 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 9.40% |
| ROCE | 14.17% |
| Debt / Equity | 0.46% |
| RoNW | 9.34% |
| PAT Margin | 1.64% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.77 | |
| P/E (x) | 44.31 | 57.8 |
| Promoter Holding | 80.58% | 58.46% |
| Market Cap | ₹2001.00 Cr. | |
