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 Rs10 each ("Equity Shares") of Updater Services Limited ("The Company" or the "Issuer") for cash at a price of Rs300 per equity share (including a share premium of Rs290 per equity share) ("Offer Price") aggregating Rs640.00^ crores (the "Offer"). The offer comprises of a fresh issue of 13,333,333^ equity shares aggregating Rs400.00^ crores ("Fresh Issue") and an offer for sale of 8,000,000^ equity shares ("Offered Shares") aggregating Rs240.00^ crores ("Offer for Sale"), comprising 4,000,000^ equity shares aggregating Rs120.00^ crores by Tangi Facility Solutions Private Limited (the "Promoter Selling Shareholder"), 800,000^ equity shares aggregating Rs24.00^ crores by India Business Excellence Fund - ii and 3,200,000^ equity shares aggregating Rs96.00^ 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 Rs10 each and the offer price is 30 times the face value of the equity shares. ^Subject to finalisation of basis of allotment.
Issue Money Payable On
Opens On Closes On Application Allotment
25-Sep-23 27-Sep-23 Rs300.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :50  Further Multiples of :50
  Rs. Cr Lead Managers to the Issue
Project Cost 377.87 IIFL Securities Ltd
Project Financed through Current Offer 640.00  
Post Issue Equity Share Capital 66.70  
Issue Price 300.00  
Repayment and/or prepayment of certain borrowings availed by the companyPursuing inorganic initiatives
Funding the company working capital requirementsGeneral corporate purposes
Promoted By Listing At Registrar to the Issue
Raghunandana Tangirala Shanthi Tangirala Tangi Facility Solutions Pvt L BSE NSE
No Data Found.