Tuesday, April 23, 2024
Home News Udayshivakumar Infra IPO opens today. GMP, key details to know

Udayshivakumar Infra IPO opens today. GMP, key details to know

On Monday, March 20, 2023, public subscription for Udayashivkumar Infra Limited’s Initial Public Offering (IPO) will begin. The three-day share sale will complete on Wednesday, March 23, 2023. Beginning on March 17, 2023, bids are accepted for anchor investors. The price range for the offering has been set at 33 to 35 cents per share.

The new offering of 20,000,000 equity shares with a face value of 10 is part of the Udayashivkumar Infra IPO. The issue’s proceeds will be put to use for both new working capital needs and general business needs. Lots of the IPO can be applied for by bidders, and one lot contains 428 of the company’s shares.

Market watchers claim that Udayashivkumar Infra shares are currently trading at a premium of (GMP) 10 on the black market. On April 3, 2023, the company’s shares are anticipated to list on the BSE and the National Stock Exchange (NSE).

Infraroad construction is the line of work of Udayashivkumar. It submits bids for building projects involving government agencies as well as roads, bridges, canals, and the industrial sector in Karnataka. The company’s promoter is Udayashivkumar. As of August 31, 2022, the company and its formerly partnered company, M/s. Udayashivkumar, had completed more than 30 various projects in and around the state of Karnataka. Twenty-five ongoing projects are being worked on by the unit.

The principal book-running manager for the offer is Kesar Capital Advisors, while MAS Services is the registrar for the initial share offering.

Also Read: Global Surfaces IPO share allotment today. check application status online

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