Udayshivakumar Infra IPO

Udayshivakumar Infra IPO Details: Incorporated in 2019, Udayshivakumar Infra Limited is engaged in the business of the construction of roads.

Udayshivakumar Infra Limited is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 company. They construct roads including State Highways, District Roads, Smart Roads under Municipal Corporations, Smart Roads under PM’s Smart City Mission projects, National Highways, Bruhat Bengaluru Mahanagara Palike (BBMP), and Local Area Roads in various Taluka Places, etc.

The company primarily operates in the State of Karnataka. They bid for Roads, Bridges, Irrigation & Canals Industrial Area construction in Karnataka, this includes National Highways (MORTH), State Highway Development Corporations Ltd., (SHDP), Government Departments such as Karnataka Public Works Ports & Inland Water Transport Department (KPWP & IWTD), Davanagere Harihara Urban Development Authority (DHUDA), and many more.

As of August 31, 2022, the Company had executed over 30 various projects in and around the State of Karnataka along with the erstwhile partnership firm, M/s. Udayshivakumar. The entity is working on twenty-five ongoing projects.

To gear up its operations and scale larger, the company is also looking to undertake projects in the joint venture with other infrastructure companies in industry.

Objects of the Issue with Udayshivakumar Infra IPO

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding incremental working capital requirements of our Company;
  2. General corporate purposes.

Financials of Global Surfaces Limited

(Amount in ₹ Crore)

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing

Udayshivakumar Infra IPO Details

IPO DateMar 20, 2023 to Mar 23, 2023
Listing Date[.]
Face Value₹10 per share
Price₹33 to ₹35 per share
Lot Size428 Shares
Issue Size[.] shares of ₹10 (aggregating up to ₹66.00 Cr)
Fresh Issue8,520,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale[.] shares of ₹10 (aggregating up to ₹66.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Udayshivakumar Infra IPO Tentative Timetable

Udayshivakumar Infra IPO opens on Mar 20, 2023, and closes on Mar 23, 2023. The Udayshivakumar Infra IPO bid date is from Mar 20, 2023 10.00 A.M. to Mar 23, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateMar 20, 2023
Closing DateMar 23, 2023
Basis of AllotmentMar 28, 2023
Initiation of RefundsMar 29, 2023
Credit of Shares to DematMar 31, 2023
Listing DateApr 3, 2023

Udayshivakumar Infra IPO Lot Size

The Udayshivakumar Infra IPO lot size is 428 shares. A retail-individual investor can apply for up to 13 lots (5564 shares or ₹194,740).

Retail (Min)1428₹14,980
Retail (Max)135564₹194,740
S-HNI (Min)145,992₹209,720
B-HNI (Min)6728,676₹1,003,660

Global Surfaces IPO FAQs

What is Udayshivakumar Infra IPO?

Udayshivakumar Infra IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹66.00 Crores. The issue is priced at ₹33 to ₹35 per share. The minimum order quantity is 428 Shares.

The IPO opens on Mar 20, 2023, and closes on Mar 23, 2023.
MAS Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Udayshivakumar Infra IPO will open?

The Udayshivakumar Infra IPO opens on Mar 20, 2023 and closes on Mar 23, 2023.

What is the lot size of Udayshivakumar Infra IPO?

Udayshivakumar Infra IPO lot size is 428 Shares.

How to apply for Udayshivakumar Infra IPO?

You can apply in Udayshivakumar Infra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.

When Udayshivakumar Infra IPO allotment?

The finalization of Basis of Allotment for Udayshivakumar Infra IPO will be done on Mar 28, 2023, and the allotted shares will be credited to your demat account by Mar 31, 2023.

When is Udayshivakumar Infra IPO listing date?

The Udayshivakumar Infra IPO listing date is Apr 3, 2023.