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Company Contact Information
Updater Services Ltd
Registered Office: #2/302-A UDS Salai Off Old, Mahabalipuram Rd Thoraipakkam, Chennai - 600097, Tamil Nadu
Phone: +91 44 24963234/0333
Email: compliance.office@uds.in
Website: www.uds.in
Initial public offering of 21,333,333^ equity shares of face value of Rs. 10 each ("Equity Shares") of Updater Services Limited ("The Company" or the "Issuer") for cash at a price of Rs. 300 per equity share (including a share premium of Rs. 290 per equity share) ("Offer Price") aggregating Rs. 640.00^ crores (the "Offer"). The offer comprises of a fresh issue of 13,333,333^ equity shares aggregating Rs. 400.00^ crores ("Fresh Issue") and an offer for sale of 8,000,000^ equity shares ("Offered Shares") aggregating Rs. 240.00^ crores ("Offer for Sale"), comprising 4,000,000^ equity shares aggregating Rs. 120.00^ crores by Tangi Facility Solutions Private Limited (the "Promoter Selling Shareholder"), 800,000^ equity shares aggregating Rs. 24.00^ crores by India Business Excellence Fund - ii and 3,200,000^ equity shares aggregating Rs. 96.00^ crores by India Business Excellence Fund - iia (together, the "Investor Selling Shareholders", and along with the promoter selling shareholder, the "Selling Shareholders"). The offer will constitute 31.98% of the post-offer paid-up equity share capital. The face value of the equity share is Rs. 10 each and the offer price is 30 times the face value of the equity shares. ^Subject to finalisation of basis of allotment.
IPO Details
Issue Money Payable On
Opens On Closes On Application Allotment
25-Sep-2023 27-Sep-2023 ₹ 300.00 ₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 50.0 Further Multiples of : 50.0
(₹)Cr. Lead Managers to the Issue
Project Cost 377.87 IIFL Securities Ltd
Project Financed through Current Offer 640.00
Post Issue Equity Share Capital 66.70
Issue Price ₹300.00
Projects
Projects
Repayment and/or prepayment of certain borrowings availed by the company
Funding the company working capital requirements
Pursuing inorganic initiatives
General corporate purposes
Promoted By
Promoted By
Raghunandana Tangirala
Shanthi Tangirala
Tangi Facility Solutions Pvt L
Listing At
Listing At
BSE
NSE
Registrar to the Issue
Registrar to the Issue
MUFG Intime India Pvt Ltd

INDIAN INDICES

Sensex

78,151.45 964.58 (1.25%)

Nifty

24,334.30 261.55 (1.09%)

GLOBAL INDICES

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NASDAQ
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