Udayshivkumar Infra IPO fully subscribed on day 2 of the offer; Check live subscription

21 Mar 2023 , 04:16 PM

The initial public offer (IPO) of Udayshivkumar Infra Limited has been fully subscribed on the second day of the offer that opened on Monday, March 20, 2023. 

As per BSE data at 4.15 PM on March 21, all investors has showed heavy interest in the IPO as high networth individuals have subscribed 2.45 times the allotted quota and the portion set aside for qualified institutional buyers was subscribed 1.04 times. Retail investors have bought 1.52 times the reserved portion.

The public issue comprises only a fresh issue, and there is no offer for sale portion. The incremental working capital requirements will get fulfilled through fresh issue proceeds.

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