Udayshikumar Infra IPO opens today: Check live subscription status here

20 Mar 2023 , 11:50 AM

The Rs 66 crore initial public offer of Udayshivkumar Infra Limited opens for public subscription today on March 20 and will conclude on Wednesday, March 23. The company is selling its shares at an issue price of Rs 33-35 per share. Click here to apply for the IPO.

Check the live subscription status of Udayshikumar Infra IPO on day 1 of the offer at 11.42 AM

Category	No. of shares offered	No. of shares bid for	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	20,00,000	–	0.00
Non Institutional Investors(NIIs)	60,00,000	12,69,020	0.21
Retail Individual Investors (RIIs)	1,20,00,000	14,99,712	0.13
Total	2,00,00,000	27,68,732	0.14

(Source: BSE)

The company is engaged in the business of construction of various road projects including national and state highways, district roads and smart roads under PM’s smart city mission projects etc. as of December 2022, it has equipment base comprises 111 construction equipment, 46 dumpers, 51 other construction vehicles and 7 ready-mix concrete plants.

Udayshivkumar Infra IPO important details:

Open date	March 20, 2023
Close date	March 23, 2023
Lot size	428 shares
IPO size (Rs crore)	Rs 66 crore
IPO price range (Rs)	Rs 33-35 per share
Minimum investment	Rs 14,980
Basis of allotment date	March 28, 2023
Refunds date	March 29, 2023
Credit to demat account date	March 31, 2023
Listing date	April 03, 2023

 

Saffron Capital Advisors is the lead book-running manager and MAS Services is the registrar to the issue.