Updater Services Ltd

  • Registered Office: #2/302-A UDS Salai Off Old,Mahabalipuram Rd Thoraipakkam, Chennai - 600097, Tamil Nadu, India. Phone : +91 44 24963234/0333   Fax:
  • Email : compliance.office@uds.in
  • Website :www.uds.in
Initial public offering of 21,333,333^ equity shares of face value of Rs. 10 each ("Equity Shares") of Updater Services Limited ("The Company" or the "Issuer") for cash at a price of Rs. 300 per equity share (including a share premium of Rs. 290 per equity share) ("Offer Price") aggregating Rs. 640.00^ crores (the "Offer"). The offer comprises of a fresh issue of 13,333,333^ equity shares aggregating Rs. 400.00^ crores ("Fresh Issue") and an offer for sale of 8,000,000^ equity shares ("Offered Shares") aggregating Rs. 240.00^ crores ("Offer for Sale"), comprising 4,000,000^ equity shares aggregating Rs. 120.00^ crores by Tangi Facility Solutions Private Limited (the "Promoter Selling Shareholder"), 800,000^ equity shares aggregating Rs. 24.00^ crores by India Business Excellence Fund - ii and 3,200,000^ equity shares aggregating Rs. 96.00^ crores by India Business Excellence Fund - iia (together, the "Investor Selling Shareholders", and along with the promoter selling shareholder, the "Selling Shareholders"). The offer will constitute 31.98% of the post-offer paid-up equity share capital. The face value of the equity share is Rs. 10 each and the offer price is 30 times the face value of the equity shares. ^Subject to finalisation of basis of allotment.
Opens On Closes On
25-Sep-23 27-Sep-23
Money Payable On
Application Allotment
300.00 0.00
Minimum Application for shares in Nos : 50 Further Multiples of : 50
Cr Lead Managers to the Issue
Project Cost (.Cr) 377.87 IIFL Securities Ltd
Project Financed through Current Offer (.Cr) 640.00  
Post Issue Equity Share Capital (.Cr) 66.70
Issue Price () 300.00
Repayment and/or prepayment of certain borrowings availed by the company
Funding the company working capital requirements
Pursuing inorganic initiatives
General corporate purposes
Promoted By
Raghunandana Tangirala
Shanthi Tangirala
Tangi Facility Solutions Pvt L
Listing At
Registrar to the Issue
No Data Available