| Company Name | Updater Services Limited |
| Open Date | 25-09-2023 |
| Close Date | 27-09-2023 |
| Exchange | BSE, NSE |
| Lot Size | 50 Shares |
| Issue Price | ₹280 to ₹300 per share |
| Issue Size | 2,13,33,333 Equity Shares |
| Application Amount | Min. Inv. - ₹ 15,000 (50 shares) Max. Inv. - ₹ 1,95,000 (650 shares) |
| Recommendation | Apply |
Updater Services Limited was originally incorporated in the year 2003 and has its registered office in Tamil Nadu. The Company is a leading, focused, and integrated business services platform in India. The company offers integrated facilities management (“IFM”) services and business support services(“BSS”). The company has a widespread network consisting of
4,331 locations with 116 offices situated in India an 13 offices situated overseas. As of 30th June 2023, the Company has 65,627 employees on its payroll.
| For the Period Ended | Mar-21 | Mar-22 | Mar-23 |
| Total Assets | 57,949.40 | 87,456.60 | 1,21,694.70 |
| Net Assets | 28,526.30 | 34,042.70 | 38,089.30 |
| Total Borrowings | 1,161.0 | 5,867.90 | 17,653.80 |
| Total Revenue | 1,21,635.10 | 1,49,789.30 | 2,11,209.00 |
| Profit After Tax | 4,756.10 | 5,736.90 | 3,460.50 |
| Opening Date | 25/09/2023 |
| Closing Date | 27-09-2023 |
| Basis of Allotment | 04-10-2023 |
| Initiation of Refunds | 05-10-2023 |
| Credit of Shares to Demat | 06-10-2023 |
| Listing Date | 09-10-2023 |
| Repayment and/or prepayment of certain borrowings. |
| Working Capital Requirements. |
| Pursuing inorganic initiatives. |
| General Corporate Purpose. |
| Registered Office | Updater Services Limited No. 2/302-A, UDS Salai, Off Old Mahabalipuram Road, Thoraipakkam, Chennai 600 097, Tamil Nadu, India |
| Phone | +91 44 24963234 / 0333 |
| compliance.officer@uds.in | |
| Website | https://www.uds.in/ |
| Updater Services Limited DRHP |
| Updater Services Limited RHP |
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| uds.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offe |
| Share Holding Pre Issue (Promoters) | 80.58% |
| Share Holding Post Issue (Promoters) | 52.00% |