June 8, 2023 Thursday, 06:33 Hrs
 Home |   IFCI Group  |   About Us  |   Our Network  |   Contact Us  |   Career  |   Employee
SENSEX  63,142.96  350.08 
BSE
Home   Equity   News   IPO News  
Detailed News
Back
Udayshivakumar Infra IPO subscribed 58%
20-Mar-23   17:11 Hrs IST

The initial public offer (IPO) of Udayshivakumar Infra received bids for 1,15,51,292 shares as against 2,00,00,000 shares on offer, according to stock exchange data at 17:00 IST on Monday (20 March 2023). The issue was subscribed 0.58 times.

The issue opened for bidding on Monday (20 March 2023) and it will close on Thursday (23 March 2023). The price band of the IPO is fixed at Rs 33-35 per share. An investor can bid for a minimum of 428 equity shares and in multiples thereof.

The offer comprises of fresh issue of equity shares aggregating upto Rs 66 crore.

Of the net proceeds from the issue, about Rs 45 crore will be used to fund incremental working capital requirements of the company and balance towards general corporate purposes.

Udayshivakumar Infra is engaged in the business of construction of roads, constructions of bridges across major and minor rivers, railway over bridges (ROB), construction of major and minor irrigation and canal projects, industrial areas, based in the State of Karnataka.

The company reported a net profit of Rs 10.02 crore and revenue from operations of Rs 106.61 crore for the six months ended on 30 September 2022.

Powered by Capital Market - Live News

BSE
Enter Stock for
Company details
   Attention Investors : We would like to inform the investor to be rid of investment tips to invest with them in their bogus firms by promising huge profits, we never share the customer information like Mobile number, email ID etc., with any of the outside companies. We sensitize the customers to be aware of fraudsters and ignore any technical tips received from the unknown contacts. IFIN/ICOM will not be responsible for any bogus messages received by you.Please do NOT disclose your User ID and/or Passwords to any persons, even IFIN/ICOM staff never ask you to share the same. IFIN/ICOM is neither liable for any loss arising from your sharing of your password with anyone, Nor from its consequent unauthorized use. Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive information of your transactions directly from Exchange / Depository on your mobile / email at the end of the day .... Issued in the interest of Investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Please update your annual income details immediately. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary    Eq : Rights & Obligations in 15 regional vernacular languages    Commodity : Rights & Obligations in 15 regional vernacular languages, Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive information of your transactions directly from Exchange / Depository on your mobile / email at the end of the day .... Issued in the interest of Investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account, “Link your aadhaar number with your trading / Demat account. “ Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1,2020.     |  |    Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.     |  |    Pay 20% upfront margin of the transaction value to trade in cash market segment.     |  |    Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.     |  |    Check your Securities/MF/Bonds in the consolidated account statement issued by NSDL/CDSL every month.     |  |    .......... Issued in the interest of Investors. All our clients are requested to link their PAN with Aadhaar.     |  |    AADHAAR AND PAN LINK - CHECK STATUS - Click Here     |  |    AADHAAR AND PAN LINK – UPDATE STATUS - Click Here  
Full View