Subscription Details
The details about the Updater Services IPO is as:
- The issue size of the IPO is 640 Cr.
- The price band for Updater Services IPO is Rs 280 to Rs 300.
- The shares of Updater Services IPO will list on 4th October 2023.
- The latest tentative GMP of Updater Services IPO is Rs _.
- The shares of Updater Services IPO is subscribed 2.96 Times as of 27th September 2023.
Updater Services IPO Valuation
The approx valuation of Updater Services IPO company based on its price band and DRHP (prospectus) is:
| Particulars |
Value |
| Upper Price Band |
Rs 300 |
| Existing Shares (Qty) |
5.33 Cr |
| Fresh Issue |
400 Cr |
| Market Cap |
1999 Cr |
| EPS (FY23) |
Rs 6.77 |
| PE Ratio |
44.31x |
| Industry PE |
27.60x |
Updater Services IPO Issue Size
Updater Services IPO issue size is 640 Cr.
| Issue |
Amount |
| Fresh Issue |
400 Cr |
| Offer For Sale |
240 Cr |
Updater Services IPO Market Lot
An Individual can apply for a minimum 1 lot of 50 shares and a maximum of 13 lots of 650 shares. Find the details below:
| Application |
Lot |
Shares |
Amount |
| Minimum |
1 |
50 |
15,000 |
| Maximum |
13 |
650 |
1,95,000 |
Updater Services IPO share offer
The shares of Updater Services IPO is subscribed 2.96 Times as of 27th September 2023. The category-wise shares subscribed are as follows:
| Category |
% Offered |
Subscription |
| Qualified Institutional |
Minimum 75% |
4.50 Times |
| Non-Institutional |
Maximum 15% |
0.89 Times |
| Retail Individual |
Maximum 10% |
1.45 Times |
| Total |
|
2.96 Times |
Allotment Details
Find below the dates for Updater Services IPO:
| Schedule |
Date |
| Basis of Allotment |
4 October 2023 |
| Refunds |
5 October 2023 |
| Credit to Demat Account |
6 October 2023 |
| IPO Listing Date |
9 October 2023 |