April 3, 2023
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Udayshivakumar Infra IPO Particulars & Guidance @ Chanakyanipothi.com,
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Udayshivakumar Infra IPO Guidance
Very small Size IPO. Pricing is good. Strong fancy in the grey market as of now. May apply but chances of allotment are low.
Udayshivakumar Infra IPO Grey Market updates Prior to the listing
GMP: Rs.10 thin volume
Listed at Rs. 30 (discount listing)
Udayshivakumar Infra IPO Subscription Status
On 23 March 2023 @ 5.00 (Closed)
QIB: 2000000 Shares, 42.92T
NII: 6000000 Shares, 64.08T
RII: 12000000 Shares, 14.95T
Total: 24000000 Shares 32.49T
Udayshivakumar Infra IPO Promoters
UDAYSHIVAKUMAR
Udayshivakumar Infra IPO Particulars & Guidance: About the Company
The company is a ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 company engaged in the business of construction of roads including National Highways, State Highways, District Roads, 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., in the State of Karnataka, Constructions of Bridges across Major and Minor Rivers, Railway Over Bridges (ROB), construction of Major and Minor Irrigation and canal projects, Industrial Areas, based in the State of Karnataka. We bid 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), National Highways (MORTH), Belgaum Smart City Ltd. and Davangere Smart City Ltd., Bruhat Bengaluru Mahanagara Palike (BBMP), Various Municipal City Corporations, State Highway Development Corporations Ltd., (SHDP), Karnataka Road Development Corporation Ltd., (KRDCL), Karnataka Industrial Area Development Board (KIADB), Davanagere Harihara Urban Development Authority (DHUDA), Krishna Bhagya Jala Nigam Limited (KBJNL), Visvesvaraya Jala Nigam Limited (VJNL), Carvery Niravari Nigam Limited (CNNL), Karnataka Niravari Limited (KNNL), Youth Empowerment & Sports Department, in the State of Karnataka.
Since Fiscal 2015, the Company along with the erstwhile partnership firm, M/s. Udayshivakumar, have completed 30 projects having an aggregate contract value of Rs 68,468 lakhs, which includes sixteen (16) roads, five (5) bridges, six (6) irrigation and three (3) civil construction works. As on August 31, 2022, our Company is executing twenty five (25) ongoing projects which include seven (7) roads, seven (7) smart roads, one (1) bridge, seven (7) irrigation projects and three (3) civil construction works with an aggregate order book value of Rs 72,030.00 lakhs. Further, as on August 31, 2022, it
also has new work orders allotted (but work not yet started) comprising of seven (7) roads and two (2) irrigation works with an aggregate order book value of Rs 47,659.00 lakhs. As on August 31, 2022 on an aggregate basis, it has 34 works orders in hand having aggregate order book value of Rs 1,19,689.00 lakhs.
Qualitative factors are:
• Focused on Roads, Flyovers and Bridge construction
• Strong Order Book of Roads, Flyovers and Bridge construction projects from various government agencies,
local bodies and private developers.
• Strong execution capabilities with industry experience
• Experienced management team.
For more information, click www.uskinfra.com
Objects of the IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding incremental working capital requirements of our Company.
Udayshivakumar Infra IPO Particulars & Guidance
| Udayshivakumar Infra IPO Details & Analysis | |
| IPO opens on | 20 March ,2023 |
| IPO closes on | 23 March ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 18857142 Sh /Rs 66 Cr |
| * Fresh Issue | 18857142 Sh /Rs 66 Cr |
| * Offer for Sale | up to NIL Shares /Rs NIL Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 33 to 35 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 428 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (10 %) | 1885714 | 6.60 |
| NII (30 %) | 5657143 | 19.80 |
| RII (60 %) | 11314285 | 39.60 |
| Employees | ? | – |
| Total Shares | 18857142 | 66 |
| Retail portion will be oversubscribed by | 26435 Forms. | |
| How much Shares to Apply? | Net of RII discount | |
| Min Retail Application | 428 Sh | Rs. 14980 |
| Max Retail Application | 5564 Sh | Rs. 194740 |
| Small HNI (Min) application | 5992 Sh | Rs. 209720 |
| Small HNI (Max) application | 28248 Sh | Rs. 988680 |
| Big HNI Application | 28676 Sh | Rs. 1003660 |
| Udayshivakumar Infra IPO Tentative timetable | |
| IPO opens on | 20 March 2023 |
| IPO Closes on | 23 March 2023 |
| IPO Allotment on | 28 March 2023 |
| Unblocking of ASBA | 29 March 2023 |
| Credit of Shares | 31 March 2023 |
| Listing on | 03 April 2023 |
| Registered Office of Udayshivakumar Infra | |
| 1924A/196, Banashankari Badavane, Near NH-4 Bypass, Davangere – 577 005, Karnataka, India | |
| Lead Managers Saffron Capital Advisors |
|
| Registrar to IPO | |
| Mas Services Ltd |
| Udayshivakumar Infra IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 194.41 | 10.49 | 2.87 | 22.38 |
| 2020-21 | 211.11 | 9.32 | 2.55 | 16.59 |
| 2021-22 | 186.39 | 12.15 | 3.33 | 17.78 |
| Book Value of the Share on | 31.03.2022 | Rs.18.72 | ||
| Book Value of the Share | after the FPO | Rs.? | ||
| Offer Price at Cap | Rs. 35 | |||
| Ratio Analysis | |
| Upper Price /last EPS | 10.51 |
| Upper Price/Book Value Ratio | 1.87 |
| Upper Price/BV after IPO | ? |
Udayshivakumar Infra IPO Particulars & Guidance
Peer Comparison
| As on date of RHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| The IPO Company | 185.63 | 10 | ? |
| KNR Construction | 3606 | 2 | 18.12 |
| PNC Infra | 7208 | 2 | 141.42 |
| HG Infra | 3752 | 10 | 10.58 |
| IRB Infra | 5804 | 10 | 25.44 |
| X | X | – | – |
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