The initial public offering (IPO) of Udayshivakumar Infra Ltd is scheduled to open for public subscription on Monday 20th March 2023 and the three day share sale would conclude on Wednesday 23rd March. The tender for anchor investors opened on Friday March 17th, 2023. The price range for the issue is set at €33 to €35 per share.
The initial public offering (IPO) of Udayshivakumar Infra Ltd is scheduled to open for public subscription on Monday 20th March 2023 and the three day share sale would conclude on Wednesday 23rd March. The tender for anchor investors opened on Friday March 17th, 2023. The price range for the issue is set at €33 to €35 per share.
The IPO of Udayshivakumar Infra consists of a new issue of 20,000,000 shares with a nominal value of €10 aggregated to €66 crores. Proceeds from the issue will be used to fund additional working capital needs and for general corporate purposes. A bidder can apply in lots, and one lot of the IPO will be 428 shares of the company.
The IPO of Udayshivakumar Infra consists of a new issue of 20,000,000 shares with a nominal value of €10 aggregated to €66 crores. Proceeds from the issue will be used to fund additional working capital needs and for general corporate purposes. A bidder can apply in lots, and one lot of the IPO will be 428 shares of the company.
According to market watchers, UdayShivakumar Infra stocks are charging a premium (GMP) of €10 on the gray market today. The Company’s shares are expected to list on the BSE and National Stock Exchange (NSE) on April 3, 2023.
According to market watchers, UdayShivakumar Infra stocks are charging a premium (GMP) of €10 on the gray market today. The Company’s shares are expected to list on the BSE and National Stock Exchange (NSE) on April 3, 2023.
Udayshivakumar Infra is engaged in road construction. It bids for roads, bridges, canals and construction projects in industrial areas in Karnataka including government departments. Udayshivakumar is the promoter of the company. As of August 31, 2022, the company, along with former partner company M/s, had completed over 30 different projects in and around the state of Karnataka. Udayshivakumar. The company is working on twenty-five ongoing projects.
Udayshivakumar Infra is engaged in road construction. It bids for roads, bridges, canals and construction projects in industrial areas in Karnataka including government departments. Udayshivakumar is the promoter of the company. As of August 31, 2022, the company, along with former partner company M/s, had completed over 30 different projects in and around the state of Karnataka. Udayshivakumar. The company is working on twenty-five ongoing projects.
Saffron Capital Advisors is the lead book-running manager of the offering while MAS Services is the registrar of the initial share sale.
Saffron Capital Advisors is the lead book-running manager of the offering while MAS Services is the registrar of the initial share sale.
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