Updater Services Limited

Company Profile
Company Name Updater Services Limited
Open Date 25-09-2023
Close Date 27-09-2023
Exchange BSE, NSE
Lot Size 50 Shares
Issue Price ₹280 to ₹300 per share
Issue Size 2,13,33,333 Equity Shares
Application Amount Min. Inv. - ₹ 15,000 (50 shares) Max. Inv. - ₹ 1,95,000 (650 shares)
Recommendation Apply

Updater Services Limited was originally incorporated in the year 2003 and has its registered office in Tamil Nadu. The Company is a leading, focused, and integrated business services platform in India. The company offers integrated facilities management (“IFM”) services and business support services(“BSS”). The company has a widespread network consisting of
4,331 locations with 116 offices situated in India an 13 offices situated overseas. As of 30th June 2023, the Company has 65,627 employees on its payroll.

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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 57,949.40 87,456.60 1,21,694.70
Net Assets 28,526.30 34,042.70 38,089.30
Total Borrowings 1,161.0 5,867.90 17,653.80
Total Revenue 1,21,635.10 1,49,789.30 2,11,209.00
Profit After Tax 4,756.10 5,736.90 3,460.50

Tentative Timeline

Opening Date 25/09/2023
Closing Date 27-09-2023
Basis of Allotment 04-10-2023
Initiation of Refunds 05-10-2023
Credit of Shares to Demat 06-10-2023
Listing Date 09-10-2023

Objects of the Issue

Repayment and/or prepayment of certain borrowings.
Working Capital Requirements.
Pursuing inorganic initiatives.
General Corporate Purpose.

Contact Information

Registered Office Updater Services Limited No. 2/302-A, UDS Salai, Off Old Mahabalipuram Road, Thoraipakkam, Chennai 600 097, Tamil Nadu, India
Phone +91 44 24963234 / 0333
Email compliance.officer@uds.in
Website https://www.uds.in/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email uds.ipo@linkintime.co.in
Website https://linkintime.co.in/mipo/ipoallotment.html

IPO Reservation

QIB Shares Offered Not less than 75% of the Offer
NII (HNI) Shares Offered Not more than 15% of the Offer
Retail Shares Offered Not more than 10% of the Offe

Shareholding Pattern

Share Holding Pre Issue (Promoters) 80.58%
Share Holding Post Issue (Promoters) 52.00%

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