Udayshivakumar Infra IPO Particulars & Guidance @ Chanakyanipothi.com,Udayshivakumar Infra IPO Particulars & Guidance
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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 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

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