Udayshivakumar Infra IPO will open for subscription from 20 March 2023. the company aims for an issue size of ₹66 Cr through this IPO.
About Company
Udayshivakumar Infra is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 company engaged in the construction of roads including National Highways, State Highways, District Roads, and Smart Roads under PM’s Smart City Mission projects, Smart Roads under Municipal Corporations, Bruhat Bengaluru Mahanagara Palike (BBMP) and Local Area Roads in various Taluka Places, etc.
The company bids for Roads, Bridges, Irrigation & Canals Industrial Area construction in the State of Karnataka including Government Departments such as Karnataka Public Works Ports & Inland Water Transport Department (KPWP & IWTD), Youth Empowerment & Sports Department, and many more.
As of 31 August 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. Currently, the entity is working on 25 ongoing projects.
Basic details about the company
| Full name | Udayshivakumar Infra Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | http://www.uskinfra.com/ |
The objective of the Issue
- Funding incremental working capital requirements of our Company;
- General corporate purposes.
IPO Timetable
| IPO Opening date | 20 March 2023 |
| IPO Closing | 23 March 2023 |
| Basis of Allotment | 28 March 2023 |
| Initiation Refund | 29 March 2023 |
| Credit to Demat Account | 31 March 2023 |
| Listing Date | 03 April 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹66 Cr |
| Fresh Issue | ₹66 Cr |
| Offer for sale | Nil |
| Face value | ₹10 |
| Price Band | ₹33 to ₹35 per share |
| Lot size | 428 Shares |
| Retail Allocation | 60% |
| Listing Exchange | BSE, NSE |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 428 | ₹14,980 |
| Retail (Max) | 13 | 5564 | ₹194,740 |
| S-HNI (Min) | 14 | 5,992 | ₹209,720 |
| B-HNI (Min) | 67 | 28,676 | ₹1,003,660 |
Reservation Details
| QIB Shares Offered | 10% |
| NII (HNI) Shares Offered | 30% |
| Retail Shares Offered | 60% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 193.61 | 210.40 | 185.63 |
| Expenses | 180.22 | 197.53 | 170.37 |
| Net income | 10.49 | 9.32 | 12.15 |
| Margin (%) | 5.42 | 4.43 | 6.55 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.87 | 2.55 | 3.33 |
| PE ratio | – | – | 9.91 – 10.51 |
| RONW (%) | 22.38 | 16.59 | 17.78 |
| NAV | – | – | 18.72 |
| ROCE (%) | 5.0 | 18.0 | 17.0 |
| EBITDA (%) | 12.95 | 11.23 | 13.41 |
| Debt/Equity | 0.86 | 0.54 | 0.39 |
Company Promoters
- Mr. Udayshivakumar
Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Lead Manager(s)
- Saffron Capital Advisors Private Limited
IPO Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase – II, New Delhi -110 020
Telephone: +91 112 638 7281/83, 4132 0335
Email: info@masserv.com
Website: www.masserv.com
Contact Details
UDAYSHIVAKUMAR INFRA LIMITED
1924A/196, Banashankari Badavane,
Near NH-4 Bypass, Davangere – 577 005, Karnataka
Phone: +91 819 229 7009
E-mail: cs@uskinfra.com
Website: www.uskinfra.com
Allotment Status
Udayshivakumar Infra IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.
Final thoughts
Udayshivakumar Infra IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
