Udayshivakumar Infra IPO: Udayshivakumar Infra operates in the business of the construction of roads. It bids for roads, bridges, canals and industrial areas construction projects in Karnataka, including from government departments.
Udayshivakumar Infra IPO: Infrastructure company Udayshivakumar Infra’s initial public offering (IPO) opened for subscription on Monday, March 20, the first date of the bidding process. The Udayshivakumar IPO will close on Wednesday, March 23.
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Udayshivakumar Infra subscription status
As of 11:33 am, the IPO was subscribed 0.13 per cent so far on Day 1, receiving bids for 26,23,212 shares as against the 2,00,00,000 shares on offer.
| UDAYSHIVAKUMAR INFRA LIMITED | ||||
| Sr.No. | Category | No.of shares offered / reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 20,00,000 | – | 0.00 |
| 1(a) | Foreign Institutional Investors (FIIs) | – | – | – |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | – | – | – |
| 1(c) | Mutual Funds | – | – | – |
| 1(D) | Others | – | – | – |
| 2 | Non Institutional Investors(NIIS) | 60,00,000 | 12,36,492 | 0.21 |
| 2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 40,00,000 | 10,02,804 | 0.25 |
| 2.1(a) | Corporates | – | – | – |
| 2.1(b) | Individuals (Other than RIIs) | – | 10,02,804 | – |
| 2.1(c) | Others | – | – | – |
| 2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees) | 20,00,000 | 2,33,688 | 0.12 |
| 2.2(a) | Corporates | – | – | – |
| 2.2(b) | Individuals (Other than RIIs) | – | 2,33,688 | – |
| 2.2(c) | Others | – | – | – |
| 3 | Retail Individual Investors (RIIs) | 1,20,00,000 | 13,86,720 | 0.12 |
| 3(a) | Cut Off | – | 12,92,132 | – |
| 3(b) | Price Bids | – | 94,588 | – |
| 4 | Employee Reserved | – | – | – |
| 4(a) | Employee (Cut off) | – | – | – |
| 4(b) | Employee (Price) | – | – | – |
| 5 | Reservation PortionShareholder | – | – | – |
| 5(a) | RPS (Cut off) | – | – | – |
| 5(b) | RPS (Price) | – | – | – |
| Total | 2,00,00,000 | 26,23,212 | 0.13 |
Here’s all you need to know for the latest IPO to have hit the Street:
Udayshivakumar Infra IPO: Issue price band
The price band for the issue is fixed at Rs 33-35 per share.
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Udayshivakumar Infra IPO: Lot size
Potential investors will be able to bid for Udayshivakumar shares in multiples of 428, which translates to Rs 14,124-14,980 per lot.
The IPO consists of a fresh issue of 20,000,000 equity shares with a face value of Rs 10 aggregating to Rs 66 crore.
Proceeds of the issue will be used to fund incremental working capital requirements and general corporate purposes.
Udayshivakumar Infra IPO: Listing date and other important dates
Udayshivakumar Infra shares are likely to be listed on BSE and NSE on April 3 at 10 am.
The registrar of the issue is MAS Services Limited.
Udayshivakumar Infra: What does the company do?
Incorporated in 1995, Udayshivakumar Infra operates in the business of the construction of roads. It bids for roads, bridges, canals and industrial areas construction projects in Karnataka, including from government departments.
