Tuesday, July 9, 2024
Home News Udayshivakumar Infra IPO: Latest GMP as all eyes on shares listing after...

Udayshivakumar Infra IPO: Latest GMP as all eyes on shares listing after allotment

IPO,

The Udayashivkumar Infra IPO share allotment basis has been finalized, and the company’s share listing, which is expected next week, is now the focus of all attention. On Monday, April 3, 2023, the company’s shares are expected to be listed on the BSE and National Stock Exchange (NSE).

Udayashivkumar Infra shares are currently trading at premium (GMP) 9 in the gray market, down from around 14 the previous session, according to market observers.

On the third day of subscription, Wednesday, March 23, the IPO of Udayashivkumar Infra Limited, which opens on Monday, March 20, 2023, was subscribed 5.15 times. based on exchange data, offers. The Initial public offering offered new value shares up to 66 crores and was in the value scope of 33-35 an offer.

Udayashivkumar is involved in the building of infrastructural roads. It submits bids for projects in the industrial sector, government agencies, roads, bridges, and canals in Karnataka. Twenty-five ongoing projects are being worked on by the unit. The company’s promoter is Udayashivkumar.

Newly issued 20,000,000 equity shares with a face value of 10 totaled 66 crores in the Udayashivkumar Infra IPO. The returns of the issue will be utilized for gradual working capital prerequisites and for general corporate purposes.

The company’s revenue and profit have increased inconsistently over the past three fiscal years. The company’s EBITDA margin of 13.41 percent and PAT margin of 6.54 percent as of FY22 appear low in comparison to its rivals. According to Abhay Doshi, co-founder of Unlisted Arena, at the upper end of the issue price, the asking P/E is approximately 10x based on FY12 earnings.

RELATED ARTICLES

Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SIGNUP & GET $10000 BONUS

Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments