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UDSEQ / NSE, BSEListed
Updater Services

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.

DRHPANCHOR
₹280 - ₹3002.9x sub
Listed Price₹285.00
Listing Gain-5.00%

IPO Schedule & Timeline

Book Built Issue IPO
Open25 Sep 2023
Close27 Sep 2023
Allotment30 Sep 2023
Listing04 Oct 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail21,33,333 shares
10%
Nii(hni)31,99,999 shares
15%
QIB1,60,00,001 shares
75%

Minimum Application Lots

Retail1 Lot (50 shares)
₹15,000
sHNI14 Lots (700 shares)
₹2,10,000
bHNI67 Lots (3,350 shares)
₹10,05,000

Company Promoters

Raghunandana TangiralaShanthi TangiralaTangi Facility Solutions Private Limited

Company Background

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) ...

Lead Managers & Bankers

IIFL Capital Services LimitedMotilal Oswal Investment Advisors LimitedSBI Capital Markets Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2021 )₹1216.35 Cr
Growth-42.4%
Revenue Trend (₹ in Crores)
0.0809.61.6k2.4kMar 2023Mar 2022 Mar 2021
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 2021 1,216.3547.56579.4911.61
Mar 2022 1,497.8957.37874.5758.68
Mar 20232,112.0934.611,216.95176.54

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values6.779.40%14.17%44.3157.8

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
30 Sep 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
04 Oct 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Updater Services. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization30 Sep 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date04 Oct 2023Trading commences on exchange

How to Check Updater Services Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Updater Services from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Updater Services IPO

Complete issue overview for Updater Services (UDS) IPO. The issue features an equity share price band of ₹280 – ₹300 per share with a minimum retail lot size of 50 Shares (minimum application amount of ₹15,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions