Udayshivkumar Infra IPO day 3; Check live subscription status here

22 Mar 2023 , 03:44 PM

The Rs 66 crore initial public offer (IPO) of Udayshivkumar Infra Limited was subscribed 4.23 times by 3.30 PM on March 22. The offer will be concluding today and the issue has been oversubscribed 2.65 times with the retail investors’ category booked 3.61 times, non-institutional investors (NIIs) booked 6.51 times, while qualified institutional buyers (QIBs) 1.20 times, according to BSE data.

The company has reserved about 60% of the offer for retail investors, 30% for high net-worth investors and remaining 10% for institutional investors. 

The company has fixed a price band of Rs 33-35 and investors can bid for 428 shares and in multiples thereof. The shares of the company are expected to list on both exchanges on April 3, while allotment could take place on March 28.

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