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Updater Services IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 640.00 Cr. The company is based in Tamil Nadu and caters to Corporate Solutions sector. Iifl Securities , Motilal Oswal Investment Advisors , SBI Capital Markets are the merchant bankers of Updater Services IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th March 2023.
Updater Services IPO open date is 25th September 2023 and close date is 27th September 2023. IPO Allotment Date is 28th September 2023 and Listing date is 4th October 2023.
IPO
Size:
₹ 640.00 Cr.
Avg IPO Size (Sector Based)
: ₹
697.45 cr.
Sector: Corporate Solutions
IPO so far:
14
Merchant Banker:
Iifl Securities
IPO by BRLM so far:
91
City:
Tamil Nadu
IPO so far:
2
Revenue (annualised):
₹
2112.09
cr. 
PE
Ratio:
5.93x
Average Sector PE Ratio: 20.56x
Updater Services IPO size is ₹ 640.00 Cr. with IPO price of ₹ 300.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Iifl Securities Limited is the book-running lead manager of the Updater Services IPO. Link Intime India Private Limited is the Registrar for Updater Services IPO.
Updater Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Updater Services IPO, based in Tamil Nadu, operates in the Corporate Solutions sector with a focus on IFM and BSS segment having integrated business services. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Updater Services IPO size is ₹ 640.00 Cr. with fresh issue size of ₹ 640.00 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Updater Services IPO is expected to be 28th September 2023, after the finalization of basis of allotment. Investors can check Updater Services IPO allotment status on the registrars website, Link Intime India Private Limited . Updater Services IPO refund dates are 29th September 2023.
Updater Services IPO is expected to be listed on 4th October 2023.
The upper price band for the Updater Services IPO is set at ₹ 300.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Updater Services IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Updater Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 27th September 2023. After submission, funds are blocked until the basis of allotment of Updater Services IPO is finalised.
The merchant banker for Updater Services IPO is Iifl Securities Limited , Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited . Iifl Securities Limited , Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Updater Services IPO RHP for further details.
The registrar for Updater Services IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Updater Services IPO through their official website or helpline.
Updater Services IPO was subscribed 2.96 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 640.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 697.45 Cr.
Sector: Corporate Solutions
IPO so far:
14
Merchant Banker:
Iifl Securities
IPO by BRLM so far:
91
City:
Tamil Nadu
IPO so far:
2
Revenue (annualised):
₹ 2,098.88 cr.
PE
Ratio:
5.93x
Average Sector PE Ratio: 20.56x
Updater Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Updater Services Financial Review Page
Merchant Banker(s) of Updater Services IPO: Iifl Securities Limited , Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited
Updater Services IPO subscription was 2.96 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Updater Services IPO listed at a listing price of 283.85 against the offer price of 300.00.
The current market price of Updater Services is 305.35.
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