Incorporated in 2019, Udayshivakumar Infra Limited is engaged in the business of the construction of roads.
Udayshivakumar Infra Limited is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 company. They construct roads including State Highways, District Roads, Smart Roads under Municipal Corporations, Smart Roads under PM’s Smart City Mission projects, National Highways, Bruhat Bengaluru Mahanagara Palike (BBMP), and Local Area Roads in various Taluka Places, etc.
The company primarily operates in the State of Karnataka. They bid for Roads, Bridges, Irrigation & Canals Industrial Area construction in Karnataka, this includes National Highways (MORTH), State Highway Development Corporations Ltd., (SHDP), Government Departments such as Karnataka Public Works Ports & Inland Water Transport Department (KPWP & IWTD), Davanagere Harihara Urban Development Authority (DHUDA), and many more.
As of August 31, 2022, the Company had executed over 30 various projects in and around the State of Karnataka along with the erstwhile partnership firm, M/s. Udayshivakumar. The entity is working on twenty-five ongoing projects.
To gear up its operations and scale larger, the company is also looking to undertake projects in the joint venture with other infrastructure companies in industry.
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding incremental working capital requirements of our Company;
- General corporate purposes.
Udayshivakumar Infra IPO Details
| IPO Date | Mar 20, 2023 to Mar 23, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹33 to ₹35 per share |
| Lot Size | 428 Shares |
| Total Issue Size | 20,000,000 shares (aggregating up to ₹66.00 Cr) |
| Fresh Issue | 20,000,000 shares (aggregating up to ₹66.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Udayshivakumar Infra IPO Reservation
| QIB Shares Offered | 1,885,715 (Not more than 10% of the Issue) |
| NII (HNI) Shares Offered | 5,657,142 (Not less than 30% of the Issue) |
| Retail Shares Offered | 11,314,285 (Not less than 60% of the Issue) |
| Total Shares Offered | 18,857,142 |
KPIs
| KPI | Values |
|---|---|
| P/E (x) | 9.67 |
| Market Cap (₹ Cr.) | 193.75 |
Udayshivakumar Infra IPO Tentative Timetable
Udayshivakumar Infra IPO opens on Mar 20, 2023, and closes on Mar 23, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 20, 2023 |
| Closing Date | Mar 23, 2023 |
| Basis of Allotment | Mar 28, 2023 |
| Initiation of Refunds | Mar 29, 2023 |
| Credit of Shares to Demat | Mar 31, 2023 |
| Listing Date | Apr 3, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Udayshivakumar Infra IPO Lot Size
The Udayshivakumar Infra IPO lot size is 428 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 428 | ₹14,980 |
| Retail (Max) | 13 | 5564 | ₹194,740 |
| S-HNI (Min) | 14 | 5,992 | ₹209,720 |
| S-HNI (Max) | 66 | 28,248 | ₹988,680 |
| B-HNI (Min) | 67 | 28,676 | ₹1,003,660 |
| Lot Size Calculator |
Udayshivakumar Infra IPO Promoter Holding
Mr. Udayshivakumar is the Promoter of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 158.26 | 194.41 | 10.49 | 46.87 | 33.95 |
| 31-Mar-21 | 146.82 | 211.11 | 9.32 | 56.18 | 30.60 |
| 31-Mar-22 | 162.61 | 186.39 | 12.15 | 68.32 | 26.48 |
| 30-Sep-22 | 178.90 | 107.14 | 10.02 | 78.34 | 39.46 |
| Amount in ₹ Crore |
Udayshivakumar Infra IPO Review (May apply)
[Dilip Davda] The company posted inconsistencies in its top and bottom lines for the reported periods. It has an order book of Rs. 1290 cr. as of December 31, 2022. Rising GST recovery from Government bodies raises concern. Based on its FY 23 annualized earnings, the issue appears fully priced. The initial listing in the T group may curtail speculative moves. Well-informed/cash surplus investors may consider parking funds for the long term. Read detail review…
Udayshivakumar Infra IPO Subscription Status (Bidding Detail)
The Udayshivakumar Infra IPO is subscribed 0.22 times on Mar 20, 2023 1:19:00 PM. The public issue subscribed 0.21 times in the retail category, 0.00 times in the QIB category, and 0.30 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 0.30 |
| bNII (bids above ₹10L) | 0.33 |
| sNII (bids below ₹10L) | 0.24 |
| Retail | 0.21 |
| Total | 0.22 |
Total Application : 4,620 (0.17 times)
Udayshivakumar Infra IPO Prospectus
Company Contact Information
Udayshivakumar Infra Limited
1924A/196, Banashankari Badavane,
Near NH-4 Bypass,
Davangere – 577 005
Phone: +91 819 229 7009
Email: cs@uskinfra.com
Website: http://www.uskinfra.com/
Udayshivakumar Infra IPO Registrar
MAS Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com