Updater Services Ltd IPO |
Registered Office:
#2/302-A UDS Salai Off Old,Mahabalipuram Rd Thoraipakkam
,
Chennai
-
600097
,
Tamil Nadu
, India.
Phone :
+91 44 24963234/0333 Fax:
Email : compliance.office@uds.in
Website : www.uds.in
|
| Initial public offering of 21,333,333^ equity shares of face value of (Rs)10 each ("Equity Shares") of Updater Services Limited ("The Company" or the "Issuer") for cash at a price of (Rs)300 per equity share (including a share premium of (Rs)290 per equity share) ("Offer Price") aggregating
(Rs)640.00^ crores (the "Offer"). The offer comprises of a fresh issue of 13,333,333^ equity shares aggregating (Rs)400.00^ crores ("Fresh Issue") and an offer for sale of 8,000,000^ equity shares ("Offered Shares") aggregating (Rs)240.00^ crores ("Offer for Sale"), comprising 4,000,000^ equity shares aggregating (Rs)120.00^ crores by Tangi Facility Solutions Private Limited (the "Promoter Selling Shareholder"), 800,000^ equity shares aggregating
(Rs)24.00^ crores by India Business Excellence Fund - ii and 3,200,000^ equity shares aggregating (Rs)96.00^ crores by India Business Excellence Fund - iia (together, the "Investor Selling Shareholders", and along with the promoter selling shareholder, the "Selling Shareholders").
The offer will constitute 31.98% of the post-offer paid-up equity share capital. The face value of the equity share is (Rs)10 each and the offer price is 30 times the face value of the equity shares.
^Subject to finalisation of basis of allotment.
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 25-Sep-23 |
27-Sep-23 |
(Rs)300.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :50 Further Multiples of :50 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
377.87 |
|
| Project Financed through Current Offer |
640.00 |
|
| Post Issue Equity Share Capital |
66.70 |
|
| Issue Price |
(Rs)300.00 |
|
|