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Updater Services Limited

Incorporated in 1990, Updater Services Limited is a B2B services company offering facility management and business support services across India. Its business is divided into two segments: (1) IFM & Other Services – which includes production support, soft services, engineering services, washroom hygiene, warehouse management, general staffing, etc., and (2) BSS – where, through subsidiaries, it provides audit & assurance, employee background verification, airport ground handling, sales enablement and other business services. As of June 30, 2023, UDS served 2,797 customers including major brands like P&G, ABFRL, Microsoft, Hyundai and Saint-Gobain. The company has a wide pan-India presence with 129 points of presence, 116 offices in India and 13 offices overseas.

₹280 - ₹3002.9x sub
Listed Price285.00
Listing Gain-5.00%
TimelineBook Built Issue IPO
Open25 Sep 2023
Close27 Sep 2023
Allotment30 Sep 2023
Listing04 Oct 2023

Quota Reservation Portions

RetailPortion: 21,33,333 shares
10%
Nii(hni)Portion: 31,99,999 shares
15%
QIBPortion: 1,60,00,001 shares
75%

Minimum Application Bracket Matrix

Retail1 lots / 50 shares
₹15,000
sHNI14 lots / 700 shares
₹2,10,000
bHNI67 lots / 3,350 shares
₹10,05,000

About the Company

Incorporated in 1990, Updater Services Limited is a B2B services company offering facility management and business support services across India. Its business is divided into two segments: (1) IFM & Other Services – which includes production support, soft services, engineering services, washroom hygiene, warehouse management, general staffing, etc., and (2) BSS – where, through subsidiaries, it provides audit & assurance, employee background verification, airport ground handling, sales enablement and other business services. As of June 30, 2023, UDS served 2,797 customers including major brands like P&G, ABFRL, Microsoft, Hyundai and Saint-Gobain. The company has a wide pan-India presence with 129 points of presence, 116 offices in India and 13 offices overseas.

Company Promoters

Raghunandana TangiralaShanthi TangiralaTangi Facility Solutions Private Limited