Home/ Markets / Ipo/  Udayshivakumar Infra IPO share allotment likely today. How to check

Udayshivakumar Infra Ltd's initial public offering (IPO) was subscribed 5.15 times on the third day of subscription on Wednesday, Mar 23 that opened on Monday, March 20, 2023. The offer received bids for 10,29,54,972 shares against 2 crore shares on offer, as per the exchange data. The IPO offered fresh equity shares of up to 66 crore and was priced in a range of 33-35 a share.

The finalisation of the basis of share allotment of the initial share sale is expected to take place on Tuesday March 28, 2023. MAS Services Limited is the registrar of the public issue. Shares of the company are expected to be listed on the BSE and National Stock Exchange (NSE) on April 3, 2023.

Udayshivakmar Infra IPO's shares allotment status online by logging in at BSE website — bseindia.com or at the official registrar MAS Services Limited website — masserv.com.

Udayshivakumar Infra IPO consisted of fresh issue of 20,000,000 equity shares of the face value of 10 aggregating to 66 crore. Proceeds of the issue will be used to fund incremental working capital requirements and general corporate purposes.

The quota for non-institutional investors was subscribed 8.47 times, while the category for Retail Individual Investors (RIIs) received 4.14 times subscription and Qualified Institutional Buyers (QIBs) 1.21 times.

As per market observers, UdayShivakumar Infra shares are commanding a premium (GMP) of 16 in the grey market today, higher from around 14 in the previous sessions.

Udayshivakumar Infra is in the business of construction of roads. It bids for roads, bridges, canals, and industrial area construction projects in Karnataka, including government departments. The entity is working on twenty-five ongoing projects. Udayshivakumar is the Promoter of the company.

Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 28 Mar 2023, 09:00 AM IST
Recommended For You

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Get alerts on WhatsApp
Set Preferences My Reads Watchlist Feedback Redeem a Gift Card Logout