Updater Services IPO details (25 – 27 Sep), (Price ₹280 to ₹300)
Listing date and Listing Price of Updater Services IPO:
- Updater Services IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Updater Services IPO on NSE – Click Here
- Listing Price of Updater Services IPO on BSE – Click Here
Grey Market premium (GMP) price of Updater Services IPO:
Grey Market premium (GMP) price of Updater Services IPO is Rs. __. Grey Market premium (GMP) of Updater Services IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Updater Services IPO Allotment link status on Link Intime:
- Check the allotment status of Updater Services IPO on the below link given by Link Intime.
- Updater Services IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
Updater Services IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
Updater Services IPO subscription status details:
| QIB (Qualified Institl. Bidders) | NIB (Non-institutional Investor) | RII (Retail Individual Investor) | Employee category | Total No. of times applied | |
| No. of shares offered | |||||
| Day 1 | |||||
| Day 2 | |||||
| Day 3 |
Updater Services IPO highlights:
| Updater Services IPO bid Opens on | 25 Sep 2023 |
| Updater Services IPO bid Closes on | 27 Sep 2023 |
| Issue type | 100% Book Building |
| Updater Services IPO issue size | ₹ 640 Cr |
| Face value of each equity share | Rs. 10 |
| Updater Services IPO Price band | Rs 280 to Rs 300 per share |
| Updater Services IPO market lot | 50 equity shares and multiples |
| Updater Services IPO minimum order quantity | 50 equity shares |
| Pre IPO equity share of promoters of Updater Services | 80.58 % |
| Post IPO paid-up equity share of promoters of Updater Services | __ % |
| QIB portion reservation in Updater Services IPO | 75 % |
| NIB portion reservation in Updater Services IPO | 15 % |
| Retail portion reservation in Updater Services IPO | 10 % |
| Retail individual bidder can apply in Updater Services IPO | up to 2 lakh (200,000) – Maximum 13 Lot |
| Retail individual discount in Updater Services IPO | NA |
| Employees can apply in Updater Services IPO | NA |
| Employees Reservation in Updater Services IPO | NA |
| Employees Discount in Updater Services IPO | NA |
| Listing of Updater Services at Exchanges | NSE, BSE |
| Fund raised from Anchor Investors in Pre-IPO of Updater Services | NA |
| Registrar of Updater Services IPO issue | Link Intime India Private Limited |
Updater Services IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Updater Services IPO are mentioned below.
| Updater Services IPO opens on | 25.09.2023 |
| Updater Services IPO Closes on | 27.09.2023 |
| Allotment basis date of Updater Services IPO | 04.10.2023 |
| Money refund date of Updater Services IPO | 05.10.2023 |
| Shares of Updater Services in Demat Account | 06.10.2023 |
| Updater Services IPO listing date on NSE, BSE | 09.10.2023 |
How much shares of Updater Services IPO are being offered?
| Type of Issue (Fresh / OFS) | No. of Equity shares offered | Amount of Equity shares |
| Total Issue size | ₹ 640 Crore | |
| Fresh Issue size | – | ₹ 400 Crore |
| Offer for Sale (OFS) | – | ₹ 240 Crore |
| Employee Reservation | – | – |
IPO Red Herring Prospectus (RHP) of Updater Services:
Click here for IPO RHP of Updater Services on SEBI website.
Business of Updater Services: (Source – RHP)
We are a leading, focused, and integrated business services platform in India offering integrated facilities management (“IFM”) services and business support services (“BSS”) to our customers, with a pan-India presence. (Source: F&S Report) We are the second largest player in the IFM market in India and have the widest service offering in the industry, making us a unique and differentiated player in the market. (Source: F&S Report) Within our BSS segment, we offer Audit and Assurance services through our Subsidiary, Matrix and according to F&S Report, Matrix is a leading Audit and Assurance company for dealer / distributor audits, and retail audits and its strong branch reach and field associate reach has driven the company to reach the top spot in India, with a market share of 19.2% in the Financial Year ended March 31, 2023. We also offer employee background verification check services through Matrix and in this segment, Matrix is the third largest company in India with a share of 5.4% in the Financial Year ended March 31, 2023. (Source: F&S Report) In addition, we provide sales enablement services through our Subsidiaries Denave and Athena and as per the F&S Report, Denave is the largest player in this segment with a market share of 20.1% in India in the Financial Year ended March 31, 2023. In addition, we offer mailroom management services through our Subsidiary, Avon which is a market leader in India with a share of 11.1% in the mailroom management services market in the Financial Year ended March 31, 2023. (Source: F&S Report)
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