31 Mar 2021
Assets579.49
Total Income1,216.35
Profit After Tax47.56
NET Worth285.26
Total Borrowing11.61
At a glance
Updated 2026-08-26Updater Services is a Mainboard IPO with an issue size of ₹640.00 crore, proposed for listing on BSE, NSE. The offer opens on 25th Sep 2023 and closes on 27th Sep 2023. The issue structure includes a fresh issue of ₹400.00 crore and an offer-for-sale component of ₹240.00 crore. The current listing schedule points to 4th Oct 2023.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹640.00 Cr
Fresh issue₹400.00 Cr
Offer for sale₹240.00 Cr
Face value₹10
Price band₹280.00–₹300.00
Allotment28th Sep 2023
Listing4th Oct 2023
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹300.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens25th Sep 2023
Closes27th Sep 2023
Allotment28th Sep 2023
Refund29th Sep 2023
Demat3rd Oct 2023
Listing4th Oct 2023
Subscription demand
Full bidding ↗Total2.96×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 50 | ₹15,000 |
Company
Incorporated1990
Use of proceeds
| Object | Amount |
|---|---|
| Repayment and /or prepayment of certain borrowings availed by the Company | ₹133.00 Cr |
| Funding our working capital requirements; | ₹115.00 Cr |
| Pursuing inorganic initiatives; and | ₹80.00 Cr |
| General corporate purposes | ₹49.87 Cr |
Financials
Full financials ↗31 Mar 2022
Assets874.57
Total Income1,497.89
Profit After Tax57.37
NET Worth340.43
Total Borrowing58.68
31 Mar 2023
Assets1,216.95
Total Income2,112.09
Profit After Tax34.61
NET Worth380.89
Total Borrowing176.54
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS6.77
Pre-IPO P/E44.31
Post-IPO P/E57.8
Promoter holding pre80.58%
Promoter holding post58.46%
Market cap₹2001.00 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the Book Running Lead Managers and commissions (including underwriting commission, brokerage and selling commission) | ₹17.71 Cr |
| Selling commission payable to SCSBs for Bids directly procured by them and processing fees payable to SCSBs for Bids (other than Bids submitted by UPI Bidders using the UPI Mechanism) procured by the members of the Syndicate (including their Sub-Syndicate Members), the Registered Brokers, RTAs or CDPs and submitted to SCSBs for blocking, Bankers to the Offer, processing fees payable to the Sponsor Banks for Bids made by RIBs (2)(3)(4)(5) | ₹0.83 Cr |
| Printing and stationery expenses | ₹1.35 Cr |
| Advertising and marketing expenses | ₹3.90 Cr |
| Listing fees, SEBI fees, BSE and NSE processing fees, book-building software fees, and other regulatory expenses | ₹2.52 Cr |
| Fees payable to legal counsel | ₹3.78 Cr |
| Miscellaneous, including but not limited to, fees payable to the industry agency, the auditor, the registrar | ₹5.33 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- SBI Capital Markets Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-26.