Udayshivakumar Infra Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Udayshivakumar

CMP

71.90

+2.41 (3.47%)

  • DRHP
₹35

Offer Price

₹ 66.00 Cr

Issue Size

₹ 14,980

Min Investment

30.63x

Times Subscribed

428

Lot size

Time Line

  • 20
    Mar 2023
    Open
  • 23
    Mar 2023
    Close
  • 28
    Mar 2023
    Finalisation of Basis of Allotment
  • 29
    Mar 2023
    Initiation of Refunds
  • 31
    Mar 2023
    Transfer of Shares to Demat Account
  • 03
    Apr 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Maintain focus on Roads, Bridge and Irrigation projects construction.

  • Expansion of its geographical footprint.

  • The Company intends to enter into joint venture arrangements with other infrastructure companies to bid and execute large value projects.

  • Leverage core competencies with enhanced in-house integration.

  • Diversification of business activities

Products & Services

  • The Company is in the business of construction of roads.

Strengths

  • 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

Risks

  • The company derive majority of its revenue from civil construction and the company financial condition would be materially and adversely affected if the company fail to obtain new contracts or its current contracts are terminated.

  • Infrastructure projects are typically awarded to its on satisfaction of prescribed pre- qualification criteria and following a competitive bidding process. Its business and the company financial condition may be adversely affected if new infrastructure projects are not awarded to it or if contracts awarded to the company are prematurely terminated.

  • The company Order Book may not be representative of its future results and the company actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect its business, financial condition, results of operations and prospects.

  • Its business currently is primarily dependent on projects in India undertaken or awarded by governmental authorities and other entities funded by the GoI or state governments and the company derive majority of its revenues from contracts with a limited number of government entities. Any adverse changes in the central or state government policies may lead to its contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on its business and results of operations.

  • The company projects are exposed to various implementation and other risks, including risks of time and cost overruns, and uncertainties, which may adversely affect its business, financial condition, results of operations, and prospects.

Company Promoters

Promoters Holding

Issue For IPO
98.97%
Pre Holding

98.97%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 11.13 (-37.40%) 11.11 (-0.20%) 11.13 (0.20%)
Gross Profit 11.13 (-37.40%) 11.11 (-0.20%) 11.13 (0.20%)
Net Income 11.13 (-37.40%) 11.11 (-0.20%) 11.13 (0.20%)
Assets 11.13 (-37.40%) 11.11 (-0.20%) 11.13 (0.20%)
Liabilities 11.13 (-37.40%) 11.11 (-0.20%) 11.13 (0.20%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Udayshivakumar Infra Ltd 185.63 12.15 121.41 53.09 17.78 0.00 18.72 1.64 0.22
KNR Constructions Ltd 3,605.82 381.84 5,270.32 5,270.32 16.46 13.58 90.69 7.24 0.63
PNC Infratech Ltd 7,208.04 580.18 10,644.88 10,644.88 15.99 22.63 141.42 5.45 1.32
H.G. Infra Engineering Ltd 3,751.43 380.04 3,291.82 3,291.82 26.46 58.31 220.34 11.54 0.82
IRB Infrastructure Developers Ltd 2,599.68 319.79 15,602.47 15,602.47 3.76 7.69 140.54 2.04 0.64

Book Running Managers

  • Saffron Capital Advisors Pvt Ltd

Registrar & Transfer Agent

MAS Services Ltd

T-34 2nd Floor,
Okhla Industria Area,
Phase-II - New Delhi-110020
Phone : 91-011-26387281/82/83 Fax: 91-011-26387384

Company Contact Information

1924A/196 Banashankari Badavan,
Near NH-4 Bypass,
Davangere - 577005
Phone : 91-8192297009 Email : cs@uskinfra.com www.uskinfra.com

Offer Related Information

Initial public offering of 1,88,57,142^ equity shares of face value of Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs. 35/- per equity share (including a share premium of Rs. 25/- per equity share) ("Issue Price") aggregating to Rs. 66.00 crores ("Issue"). The issue shall constitute 34.06% of the post-issue paid-up equity share capital of the company. ^Subject to finalisation of basis of allotment The face value of equity shares is Rs. 10 each. The issue price... More

News

  • 24 Mar 2023, 11:14 AM

    Udayshivakumar Infra IPO ends with strong subscription

  • 23 Mar 2023, 17:35 PM

    Udayshivakumar Infra IPO subscribed 30.63 times

  • 22 Mar 2023, 17:26 PM

    Udayshivakumar Infra IPO subscribed 5.15 times

  • 21 Mar 2023, 17:10 PM

    Udayshivakumar Infra IPO subscribed 2.20 times

  • 20 Mar 2023, 17:11 PM

    Udayshivakumar Infra IPO subscribed 58%

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