About Company
Under PM’s Smart City Mission projects, they are an infra company constructing roads, including national, state, district, and intelligent roads. In 2014 the company was started by M/s Udayshivakumar as a proprietary business and converted to a partnership at a later date. It primarily operates in the state of Karnataka.
Udayshivakumar Infra is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 company. The company has worked on 30 projects worth since 2015 ₹68,468 lacks.
Udayshivakumar Kotarki is a JV between the company and Kotarki Constructions Pvt. Ltd. The newly formed JV has been awarded a project by NHAI worth Rs. 17,100 lakh.
The bidding window of Udayshivakumar Infra IPO will remain open from March 20-23, 2023. The company plans to raise Rs. 66 crores from 20,000,000 equity shares with a face value of ₹10. Investors can bid in the price band of Rs 33-35 per share.
| Bidding Dates 20 Mar ’23 – 23 Mar ’23 | Price Range ₹33 – ₹35 |
| Minimum Investment ₹14,980 / 1 Lots ( 428 Shares ) | Maximum Investment ₹194,740 / 13 Lots ( 5564 Shares ) |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Issue Size ₹66.00 Cr |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date Mar 20, 2023 | IPO Closing Date Mar 23, 2023 |
| IPO Allotment Date Mar 28, 2023 | Initiation Of Refunds Mar 29, 2023 |
| Credit Of Shares To Demat Account Mar 31, 2023 | IPO Listing Date Apr 3, 2023 |
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 20, 2023 | 1.03 | 0.78 | 0.48 | 0.62 |
| Day 2 Mar 21, 2023 | 1.10 | 3.71 | 1.91 | 2.37 |
| Day 3 Mar 22, 2023 | 1.28 | 9.01 | 4.44 | 5.50 |
| Day 4 Mar 23, 2023 | 42.92 | 64.08 | 14.95 | 32.49 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 42.92 |
| Non-Institutional Buyers | 64.08 |
| Retail Investors | 14.95 |
| Employees | [.] |
| Other | [.] |
| Total | 32.49 |
Udayshivakumar Infra IPO Objective
- Meeting incremental working capital requirements
- General corporate purposes
Why should you invest in Udayshivakumar Infra Ltd.?
These are the top reasons to consider investing in the IPO.
- The company operates in two business lines of construction and sales (RMC, Jelly and M-sand, Scrap, Iron, and steel).
- The company stands to gain from a strong order book to undertake projects of different sizes and complexities.
- They have successfully executed 30 projects since 2015.
- They entered a JV in April 2022, which helped them expand their capacity to undertake more significant projects.
Udayshivakumar Infra Noteworthy highlights
On December 31, 2022, they had 30 ongoing projects with an order size of Rs. 85,387.75 lakh and projects worth Rs. 43,650.98 lacking in the pipeline.
Udayshivakumar Infra Company Financials
| Particulars | Year ending on March 31, 2022 | Year ending on March 31, 2021 | Year ending on March 31, 2020 |
|---|---|---|---|
| Revenue from Operations | 18,562.92 | 21,039.67 | 19,360.78 |
| Profit After Tax (PAT) | 1,214.81 | 931.92 | 1,048.72 |
| EBITDA | 2,488.91 | 2,363.03 | 2,506.80 |
| EBITDA Margin | 13.41% | 11.23% | 12.95% |
| EPS | 3.33 | 2.55 | 2.87 |
| ROE | 17.78% | 16.59% | 22.38% |
Know before investing
Strengths
- They have years of experience building roads under BOQ and EPC business.
- They have gathered a fleet of equipment and built in-house expertise to support their construction business.
- The company has set up RMC plants at different construction locations and also sells those to other small constructors.
Risks
- Karnataka state government projects are the primary source of revenue for Udayshivakumar Infra Limited.
- They derive the majority of revenue from a limited number of clients.
- If the company fails to win projects, it can impact its future revenue.
Please Click Here To Apply For Udayshivakumar Infra IPO
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