Udayshivakumar Infra IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 17, 2023With all the flourishing companies we see, adding more and more helpful resources to our daily life or impacting it on a larger scale as a whole economy also runs on resources. They need materials, man, funds, and other essentials that operate worldwide.
Every company follows its approach to gathering the funds required for its operations, expansion, growth, etc. They aim to maintain a favourable balance between debt and equity. Debt is the borrowed funds lent by a financial institution or other sources. Equity is the owners’ funds; this is the amount owner brings at the commencement, and it can be raised additionally during the course of operations of the company.
When a company makes a public offer to raise funds from the public and increase its equity capital, it is known as Initial Public Offering or IPO.
A thriving entity that has now knocked on the door of SEBI to seek permission and float an IPO is Udayshivakumar Infra Ltd.
Udayshivakumar Infra IPO is a Fresh Issue of Equity Shares to raise funds aggregating up to Rs. 6,600 lakhs.
You will get every bit of information regarding this IPO through the Udayshivakumar Infra IPO Review.
| Face Value | Rs 10 |
| Price Band | Rs 33 to Rs 35 |
| Listing At | NSE, BSE |
| Min. Order Quantity | 428 Shares |
| Listing Date | Apr 3, 2023 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs 66 Cr. |
| IPO Size | Rs 66 Cr. |
| Tick Size | 1 |
Udayshivakumar Infra IPO Overview
Udayshivakumar Infra IPO is purely a Fresh Issue of Equity Shares. This is the first public issue of Udayshivakumar Infra, and the shares offered in the IPO are proposed to be listed on NSE and BSE.
The promoters or any other investor shareholder of the company are not looking to bring down their shareholding from the company. The company will be raising up to Rs. 6,600 lakhs from the IPO.
Udayshivakumar Infra is not looking for any pre-IPO placement before filing the Red Herring Prospectus with the Registrar. Also, the DRHP does not state any reservations for the employees.
Udayshivakumar Infra IPO Important Dates
| Events | Date |
| IPO Opening Date | Mar 20, 2023 |
| IPO Closing Date | Mar 23, 2023 |
| Basis of Allotment Finalization | Mar 28, 2023 |
| Refunds Initiation | Mar 29, 2023 |
| Credit of Shares to Demat Account | Mar 31, 2023 |
| Share Listing Date | Apr 3, 2023 |
The IPO dates play a crucial role in the success of an IPO. The company undertakes all the surrounding factors related to the company and the industry it operates.
Udayshivakumar Infra IPO Dates will be declared soon after the capital market regulator approves the IPO. The dates include the IPO Bid opening date, IPO Bid closing date, basis of allotment, credit of shares in the account, and listing date for the shares.
Udayshivakumar Infra IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs 33 to Rs 35 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs 66 Cr. |
| IPO Size | Rs 66 Cr. |
Udayshivakumar Infra IPO Size will comprise equity shares aggregating up to Rs. 6,600 lakhs. The face value of the offered equity shares is Rs. 10 each.
The company will determine Udayshivakumar Infra IPO Price in consultation with the Book Running Lead Managers (BRLMs). The price will be determined based on the assessment of market demand for the company’s equity shares through the Book Building Process.
Udayshivakumar Infra IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 03 Apr 2023 | Rs 5 | NA | NA |
| 01 Apr 2023 | Rs 12 | NA | NA |
| 31 Mar 2023 | Rs 12 | NA | NA |
| 30 Mar 2023 | Rs 12 | NA | NA |
| 29 Mar 2023 | Rs 12 | NA | NA |
| 28 Mar 2023 | Rs 15 | NA | NA |
| 27 Mar 2023 | Rs 15 | NA | NA |
| 25 Mar 2023 | Rs 10 | NA | NA |
| 24 Mar 2023 | Rs 10 | NA | NA |
The Grey Market or Gray Market is the unofficial marketplace for financial securities. Grey Market is generally active before the securities of the issuer company are officially traded.
With the help of Udayshivakumar Infra IPO GMP, the company will be able to test the market demand for the shares in the market. It helps both the issuer company and the willing investors.
Udayshivakumar Infra IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 20th Mar | 1.03x | 0.78x | 0.48x | 0.62x |
| 2nd Day – 21st Mar | 1.10x | 3.71x | 1.91x | 2.37x |
| 3rd Day – 22nd Mar | 1.28x | 9.01x | 4.44x | 5.50x |
| 4th Day – 23rd Mar | 42.92x | 64.08x | 14.95x | 32.49x |
| Shares Offered or Net Issue | 1,885,715 | 5,657,142 | 11,314,285 | 18,857,142 |
Subscription pertains to the process where the investors are invited to bid for the company’s shares. The investors bid at a fixed price in case of a fixed price issue and at a price within the price band in case of book built issue.
A pre-determined percentage of the offer will be reserved for different categories of investors in the Udayshivakumar Infra IPO Subscription process. This reservation will be specified in the Red Herring Prospectus of the company.
Udayshivakumar Infra IPO Allotment Status
Allotment of shares is one of the concluding steps in the proceedings of an IPO. Here, the successful bidders, later known as shareholders, are allotted their shares in their respective Demat Accounts. Likewise, many other procedures and allotment has been brought into the sphere of technology where the share transfer is effected online.
The company does not issue physical share certificates for each share; instead, they are credited online. Investors can easily trade the shares online in no time.
Udayshivakumar Infra IPO Allotment will take place after the subscription process.
Udayshivakumar Infra IPO Live Performance
Check out the Udayshivakumar Infra IPO Price updates at any moment. The price levels of stock change every moment; therefore, you need a tool that keeps you up with it all the time.
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Latest Udayshivakumar Infra IPO News
Udayshivakumar Infra Limited filed the Draft papers for a Fresh Issue IPO with SEBI. The company has sought the approval of the capital market regulator in order to get its IPO approved and float it in the market. The IPO is purely a Fresh Issue of Equity Shares.
Udayshivakumar Infra – Company Review
In the journey of 20 years since the institution, Udayshivakumar Infra has changed its entity form multiple times. From a sole proprietorship to a partnership, then a partnership to a private company, and after that from a private company to a public company, it will soon become a listed entity.
Udayshivakumar Infra is an ISO 14001:2015, ISO 9001:2015, and ISO 45001:2018 entity and serves through the business of Construction of roads. Their construction projects include Smart Roads under PM’s Smart City, National Highways, District Roads, State Highways, Smart Roads under Municipal Corporations, Bruhat Bengaluru Mahanagara Palike (BBMP), and Local Area Roads.
Until August 2022, Udayshivakumar Infra has undertaken and successfully completed over 30 projects, including the construction of 16 roads, five bridges, six irrigation, and three civil construction works.
Products or Services
Udayshivakumar Infra Limited actively operates in the state of Karnataka. They operate as a company engaged in the construction of roads, bridges, irrigation, and canal industrial area construction.
The company bids for roads in the state of Karnataka, including that proposed by Government Departments such as National Highways (MORTH), Karnataka Public Works Ports & Inland Water Transport Department (KPWP & IWTD), Bruhat Bengaluru Mahanagara Palike (BBMP), State Highway Development Corporations Ltd., (SHDP), Krishna Bhagya Jala Nigam Limited (KBJNL), Carvery Niravari Nigam Limited (CNNL), Youth Empowerment & Sports Department, Visvesvaraya Jala Nigam Limited (VJNL), Karnataka Niravari Limited (KNNL), etc.
Also, along with these independent projects, the company is looking to widen its horizon and undertake larger projects through a joint venture with other infrastructure companies.
Promoters and Holding
The promoter of Udayshivakumar Infra Limited is Udayshivakumar.
The management of the company comprises:
- Udayshivakumar, in the position of Chairman and Managing Director
- Manjushree Shivakumar, in the position of Executive Director
- Amrutha, in the position of Non-Executive Director
- Kencha Hanumantha Reddy, in the position of Independent Director
- Chandra Mohan Rajasekar, in the position of Independent Director
- Sreenivas Devaggi Janardhanappa, in the position of Independent Director
- Kodachawad Sheetalkumar M, in the position of Chief Financial Officer
Sanjeevani Shivaji Redekar, in the position of Company Secretary and Compliance Officer
Is Udayshivakumar Infra good for Investment?
Udayshivakumar Infra Limited is a construction company that executes the construction of roads, bridges, irrigation, and canal industrial area construction.
The company has undertaken multiple projects and has successfully completed them. They are a thriving company operating in Karnataka. Udayshivakumar Infra bid for roads under various Government Departments and is looking to expand its area of operations by undertaking more large-scale independent projects in a joint venture with other infrastructure companies.
The Udayshivakumar Infra has access to modern technologies and is driven to offer its services with the incorporation of the highest standards and parameters.
Udayshivakumar Infra Financial Statements
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Assets | 16,261.25 | 14,681.73 | 15,826.08 |
| Revenue | 18,638.81 | 21,110.82 | 19,440.50 |
| Expense | 17,037.44 | 19,753.23 | 18,021.98 |
| Profit After Tax | 1,214.81 | 931.92 | 1,048.72 |
Now, let’s go on to another very important and interesting aspect of a company which is the essence when deciding to invest.
The financial statements of Udayshivakumar Infra Limited state the profitable status of the company. The company’s total revenue has swung in quantum from up and down slightly, but it is undoubtedly increasing.
As you can see, the above table states the figures related to assets, total revenue, expenses, and the profit after tax for the company.
The company clocked a total revenue of Rs. 18,638.81 lakhs for the year 2022, and with this revenue, its profit stands at Rs. 1,214.81 lakhs.
On the other hand, the EPS of Udayshivakumar Infra has grown to higher numbers in the past three financial years, from Rs. 2.87 in March 2020 to Rs. 3.33 in March 2022.
| Earnings per Equity Share (in Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Basic & Diluted | 3.33 | 2.55 | 2.87 |
Udayshivakumar Infra IPO Review
Udayshivakumar Infra IPO is entirely a Fresh Issue of Equity Shares, and the company is aiming to garner funds of up to Rs. 6,600 lakhs from the offer. Mr. Udayshivakumar leads the company as the promoter Chairman and Managing Director.
The company will utilize the IPO’s proceeds towards funding incremental working capital requirements and other general corporate purposes.
The company undertakes and executes various construction projects related to roads, bridges, irrigation, and canal industrial area construction. The IPO will help the company in various ways to strengthen its foundation and grow at a swift speed.
Udayshivakumar Infra IPO Details
Here are a few more details you need to know before investing in Udayshivakumar Infra IPO –
Udayshivakumar Infra IPO Issue Object
Thus, Udayshivakumar Infra has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Funding incremental working capital requirements of our Company; and
- General corporate purposes.
Udayshivakumar Infra IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Focused on Roads, Flyovers and Bridge construction
- Strong Order Book of Roads, Flyovers and Bridge construction projects from various government agencies, local bodies and private developers.
- Strong execution capabilities with industry experience
- Experienced management team
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 3.33 | 17.78 | 18.72 |
| 31-Mar-21 | 2.55 | 16.59 | – |
| Mar-20 | 2.87 | 22.38 | – |
Udayshivakumar Infra IPO Lead Managers
Here is the list of Lead managers –
- SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
Udayshivakumar Infra IPO Registrar to offer
Check out the details of the registrar here –
MAS Services Limited
T-34, 2ndFloor, Okhla Industrial Area,
Phase -II, New Delhi -110 020, India;
Telephone:+91 112 638 7281/83, 41320335;
Facsimile:+91 112 638 7384
Email ID:info@masserv.com
Website:www.masserv.com
Investor grievance: investor@masserv.com
Contact Person: N C Pal
SEBI Registration:INR 000000049
Validity: Permanent
Udayshivakumar Infra IPO – Other Details
- Statutory Auditor – N B T and Co, Chartered Accountants
- Legal Counsel to the Company – T&S Law
- Bankers to the Company – State Bank of India Limited
Udayshivakumar Infra IPO Verdict by Stock Brokers
As of now, there are reviews by the stock brokers about the Udayshivakumar Infra IPO. We will update the information as soon as there are any words from the aspiring stockbroking entities whose views will help you in the IPO investment.
Udayshivakumar Infra IPO – Conclusion
Udayshivakumar Infra Limited is a construction company that has been operating in the industry for over two decades. The company has executed numerous construction projects, which include the construction of roads, bridges, and irrigation.
The company operates in the State of Karnataka and is involved in various projects of Government departments.
With the upcoming Udayshivakumar Infra IPO, the company will be able to fulfil its objectives and emerge as a stronger entity. The company has plans for growing at a larger scale.
The investment in the IPO can be seen as a good opportunity as the company’s financials are engrossing, and it has a positive EPS.
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Udayshivakumar Infra IPO Review FAQs
Check out the FAQs on Udayshivakumar Infra IPO –
What is the Issue Size of Udayshivakumar Infra IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Udayshivakumar Infra IPO?
The price band for this particular IPO ranges between Rs 33 to Rs 35. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Udayshivakumar Infra IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 20, 2023, while the closing date is set for Mar 23, 2023.
What is the Udayshivakumar Infra IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 28, 2023, refund initiation is on Mar 29, 2023, credit of shares is on Mar 31, 2023, and share listing date is on Apr 3, 2023.
What is the Udayshivakumar Infra IPO Listing Date?
Shares of this company shall be listed in the exchanges on Apr 3, 2023. The date, when the listing would be done, is stagnant on Apr 3, 2023.
Who is the Registrar of Udayshivakumar Infra IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. MAS Services Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Udayshivakumar Infra IPO?
Here are the promoters of this IPO – UDAYSHIVAKUMAR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Udayshivakumar Infra IPO?
They have obtained the GMP of this IPO and it is Rs. 5. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Udayshivakumar Infra IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Udayshivakumar Infra Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 708.11, 2021 is 617.38, and 2020 is 1,377.48.
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