Udayshivkumar Infra IPO subscribed 19.87 times on the final day

23 Mar 2023 , 03:04 PM

Udayshivkumar Infra initial public offer (IPO) subscribed 19.87 times on the final day of the offer at 3.00 PM. 

The non-institutional investor quota was subscribed 41.51 times, while the category for retail individual investors (RIIs) got 10.33 times subscription and qualified institutional buyers (QIBs) 12.19 times.

Udayshivakumar Infra IPO consists of fresh issue of 20,000,000 equity shares of the face value of Rs 10 aggregating to Rs 66 crore. The minimum order quantity is 428 Shares. 

The company will use net proceeds of the issue to fund incremental working capital requirements and general corporate purposes.

The company, is 100% owned by promoters and nearly has Rs 194 crore of market capitalisation at the upper end of the price band.

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