Udayshivakumar Infra is engaged in the construction of roads under PM’s smart city mission projects, smart roads under municipal corp, bridges across major and minor rivers, railway over bridges (ROB), irrigation and canal projects, etc.
| Bidding Dates |
|---|
| 20 Mar 2023 - 23 Mar 2023 |
| Subscription |
|---|
| 32.48x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,980 | 1 | 13 | 428 | 18.9 M | ₹33 - ₹35 | 65.94 % | ₹622.3 M - ₹660.0 M | RHP DOC |
Udayshivakumar Infra IPO SUBSCRIPTION STATUS
23 Mar '23Udayshivakumar Infra IPO overall subscription rate was 32.48 times the total available shares
Udayshivakumar Infra IPO retail subscription rate was 14.95 times in the retail segment
Udayshivakumar Infra IPO non-institutional investor subscription rate was 64.07 times in the non-institutional investor category
Udayshivakumar Infra IPO Qualified Institutional Bidder subscription rate was 42.92 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 60% | 30% | 10% |
23 Mar 2023 (Day 4) | 14.95x | 64.07x | 42.92x |
22 Mar 2023 (Day 3) | 4.44x | 9.01x | 1.28x |
21 Mar 2023 (Day 2) | 1.91x | 3.71x | 1.1x |
20 Mar 2023 (Day 1) | 0.46x | 0.77x | 1.03x |
Udayshivakumar Infra FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY23 | 100.2 | 1,066.1 | 39.5 | 21.0 | 16.2% |
| FY22 | 121.5 | 1,856.3 | 319.9 | 146.0 | 13.4% |
| FY21 | 93.2 | 2,104.0 | 172.0 | 164.2 | 11.2% |
| FY20 | 104.9 | 1,936.1 | 214.2 | 143.2 | 13.0% |
Udayshivakumar Infra IPO SUBSCRIPTION STATUS DETAILS
Udayshivakumar Infra had 18.9 M shares on offer
Udayshivakumar Infra IPO offer price was in the range ₹33 - ₹35
Udayshivakumar Infra IPO minimum Investment was ₹14980
Udayshivakumar Infra IPO issue size was ₹ 622.3 M - ₹ 660.0 M
Udayshivakumar Infra had a minimum lot size of 428 Shares per application
Udayshivakumar Infra NUMBER OF SHARES ON OFFER
Udayshivakumar Infra IPO IMPORTANT DATES
| Issue Open Date | 20 Mar 2023 |
| Issue close Date | 23 Mar 2023 |
| Allotment Date | 28 Mar 2023 |
| Refund Date | 29 Mar 2023 |
| Demat Account Credit Date | 31 Mar 2023 |
| Listing Date | 03 Apr 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Udayshivakumar Infra Allotment Status | Exchange |
Udayshivakumar Infra IPO subscription opened on 20 Mar 2023, and closed on 23 Mar 2023
IPO allotment for Udayshivakumar Infra was finalized on Tuesday, 28 Mar 2023
IPO listing for Udayshivakumar Infra was on NSE and BSE on Monday, 03 Apr 2023
Udayshivakumar Infra IPO LISTING GAINS
| Issue Price (adjusted) | 35.0 |
| Listing Open Price | 30.0 |
| Listing Close Price | 31.5 |
| Listing Gain% | -14.3% |
| Current Gain% | -38.1% |
Udayshivakumar Infra Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Udayshivakumar Infra Ltd. | 21.6 | 119.8 | 72.4 | 0.6 | 0.6 | 1 | 0.4 | 214.4 | -27.4 | 1.7 | 123 | 0.3 | 123 |
| IRB Infrastructure Developers Ltd. | 19.5 | 23576.3 | 24.7 | -0.3 | 3.1 | 4 | 1.6 | 7854 | -2.2 | 850.4 | -86.9 | 0.8 | -85.4 |
| G R Infraprojects Ltd. | 885.2 | 8565.2 | 8.4 | -1.1 | 0.9 | 9.6 | 5.6 | 8527.3 | 12.3 | 902.8 | -11 | 105 | -7.9 |
| Dilip Buildcon Ltd. | 442.8 | 7192.2 | 6.1 | 0.1 | 0.8 | 19.1 | 6.9 | 9499.6 | -17.1 | 1302.4 | 103.2 | 73 | 58.1 |
| PNC Infratech Ltd. | 210.4 | 5397.6 | 7.4 | 0.8 | 1 | 12.2 | 6 | 5509.6 | -20.6 | 831.8 | 2 | 28.5 | 9 |
| Ashoka Buildcon Ltd. | 118 | 3312 | 1.3 | 0 | 0.4 | 38.8 | 19.5 | 7703.6 | -24.5 | 2550 | 50.5 | 90.8 | 50.5 |
Udayshivakumar Infra IPO Reports
Udayshivakumar Infra INFORMATION ON IPO ISSUE
About Udayshivakumar Infra
Udayshivakumar Infra is engaged in the construction of roads under PM’s smart city mission projects, smart roads under municipal corp, bridges across major and minor rivers, railway over bridges (ROB), irrigation and canal projects, etc.
Object of the Issue
- Funding incremental working capital requirements of the company
- General corporate purposes
Udayshivakumar Infra - PROMOTERS
| Name |
|---|
| Udayshivakumar |
Udayshivakumar Infra Book Running Lead Manager
Saffron Capital Advisors Private Limited
ipos@saffronadvisor.com
Udayshivakumar Infra Registrar to the Offer
MAS Services Limited
info@masserv.com
Udayshivakumar Infra Strengths
Strong order book
The company has a strong order book of roads, bridges, flyovers and irrigation projects from the Karnataka government
Execution capabilities
The company, along with the erstwhile partnership firm, Udayshivakumar, has completed 30 projects, having an aggregate contract value of Rs 684.68 crore
Experienced management team
The promoter has more than 25 years of experience in the infrastructure development sector and has been instrumental in driving growth since the inception of the business
Udayshivakumar Infra Risks
Competitive bidding process
Infrastructure projects are typically awarded to the company following a competitive bidding process
Geographically concentrated
The business is relatively concentrated in Karnataka and it is exposed to risks from economic, regulatory and other changes in the region
IPO FAQs
The promoter of the company is Udayshivakumar.
The category allocation of qualified institutional buyers is 10.0%, the category allocation of non individual investors or high networth individuals is 30.0% and for retail investors it is 60.0%.
The price band of the IPO is Rs 33.0 - 35.0.
The IPO application opens on Mar 20, 2023 and closes on Mar 23, 2023.
The minimum lot size for the IPO is 428. The maximum lot size for the IPO is 5564.
For all category investors, the minimum application amount for this IPO is Rs. 14,980.0, the maximum value for this IPO is Rs 194,740.0.
This IPO will be allotted on Mar 28, 2023.
The refund will be credited to your account on Mar 29, 2023.
The allotted shares will be credited to your demat on Mar 31, 2023.
Udayshivakumar Infra Ltd.’s shares listed on the stock exchanges on Apr 03, 2023.