IPO,
The First sale of stock (Initial public offering) of Udayashivkumar Infra Restricted was bought in 5.15 times on the third day of membership on Wednesday, Walk 23, which opens on Monday, Walk 20, 2023. based on exchange data, offers. New equity shares of up to 66 crores were offered in the IPO at a price of 33-35 cents each.
Finish of the offer apportioning reason for the Underlying Offer Deal is normal on Tuesday, Walk 28, 2023. The Public Issue is registered with MAS Services Limited. The portions of the organization are supposed to be recorded on BSE and Public Stock Trade (NSE) on April 3, 2023.
Log on to the official registrar MAS Services Limited’s website, massserv.com, or the BSE website, bseindia.com, to view Udayashivkamar Infra IPO’s allotment status online.
Newly issued 20,000,000 equity shares with a face value of 10 totaled 66 crores in the Udayashivkumar Infra IPO. The issue’s proceeds will be used for general corporate goals and incremental working capital requirements.
Non-institutional investors had their quota subscribed 8.47 times, retail individual investors (RIIs) had their quota subscribed 4.14 times, and qualified institutional buyers (QIBs) had their quota subscribed 1.21 times.
The stock of Udayashivkumar Infra is currently trading at a premium (GMP) of 16 in the gray market, up from around 14 the previous session, according to market observers.
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.
