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Updater Services IPO is a Book Building 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 posted revenues of ₹ 2112.09 crores and PAT of ₹ 34.61 crores in FY25 on annualised basis.
Revenue:
₹ 2,098.88 Cr.
EBITDA Margin:
4.75
% 
Net Worth: ₹ 380.89 Cr.
Market Capitalisation:
₹ 2001.00 Cr.
P/E:
5.93 times
P/BV: 1.96 times
EV/EBITDA: 20.68 times
Financial results of Updater Services IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | FY23 | FY22 | FY21 | ||
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 1216.94 | 874.56 | 579.49 | ||
| Net Worth | 380.89 | 340.42 | 285.26 | ||
| Total Debt | 176.53 | 85.67 | 11.61 | ||
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
2098.88 | 1483.55 | 1210.03 | ||
EBITDA
EBITDA on annualised basis |
99.77 | 86.53 | 70.22 | ||
PAT
PAT on annualised basis |
34.60 | 57.36 | 47.56 | ||
Updater Services IPO PAT Margin is 1.65 % , ROCE (Return on Capital Employed) is 14.17 % as per latest financial. The below table shows Updater Services IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | FY23 | FY22 | FY21 |
|---|---|---|---|
| EBITDA Margin (%) | 4.75 | 5.83 | 5.80 |
| PAT Margin (%) | 1.65 | 3.87 | 3.93 |
| EPS (₹) | 8.53 | 10.47 | 6.77 |
| ROE (%) | 9.08 | 16.85 | 16.67 |
| ROCE (%) | 14.17 | 20.23 | 22.59 |
| ROA (%) | 2.84 | 6.56 | 8.21 |
| Debt to Equity | 0.46 | 0.25 | 0.04 |
The market Capitalisation of Updater Services IPO is ₹ 2001.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Updater Services IPO prospectus highlights an Return on Equity (ROE) of 9.08 % , Return on Assets (ROA) of 2.84 %, and an EBITDA Margin of 4.75 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Updater Services IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Updater Services IPO is ₹ 2001.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Updater Services IPO has a Price-to-Earnings (PE) ratio of 5.93 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Updater Services IPO reported revenue of ₹ 2112.09 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Updater Services IPO provide insights into sales growth, market demand, and business scalability.
Updater Services recorded an EBITDA of ₹ 99.77 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Updater Services Profit After Tax (PAT) is ₹ 34.60 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 2,098.88 Cr.
EBITDA Margin:
4.75
%
Net Worth: ₹ 380.89 Cr.
Market Capitalisation:
₹ 2001.00 Cr.
P/E:
5.93 times
P/BV: 1.96 times
EV/EBITDA: 20.68 times
Updater Services operates in Corporate Solutions and IFM And BSS Segment Having Integrated Business Services. The Issue is listed on BSE,NSE in Oct, 2023. Updater Services IPO size was 640.00 with Issue price of 300.00 .
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 289.90.
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