Updater Services IPO GMP, Price, Date, Allotment

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Last updated on October 5, 2023

Updater Services IPO GMP

Updater Services IPO Description – Updater Services is a leading, focused, and integrated business services platform offering integrated facilities management (IFM) services and business support services (BSS), with a pan-India presence. The company is the second largest player in the IFM market in India and has the widest service offering in the industry, making it a unique and differentiated player in the market.

The BSS segment offers Audit and Assurance services through the subsidiary, Matrix and according to F&S Report, Matrix is a leading Audit and Assurance company for dealer/distributor audits, and retail audits, and its strong branch reach and field associate reach has driven the company to reach the top spot in India, with a market share of 19.2% in the FY 2023.

The company also offers employee background verification check services through Matrix and in this segment, Matrix is the third largest company in India with a share of 5.4% in FY 2023.

Updater Services 2023

Promoters of Updater Services – Raghunandana Tangirala and Shanthi Tangirala


Updater Services IPO Details

Updater Services IPO Dates25 – 27 September 2023
Updater Services IPO PriceINR 280 – 300 per share
Fresh issueINR 400 crore
Offer For Sale8,000,000 shares
INR 224 – 240 crore
Total IPO sizeINR 624 – 640 crore
Minimum bid (lot size)50 shares
INR 15,000
Face Value INR 10 per share
Retail Allocation10%
Listing OnBSE, NSE

Updater Services Financial Performance

 FY 2021FY 2022FY 2023
Revenue1,210.031,483.552,098.89
Expenses1,161.931,426.952,057.90
Net income35.5854.6548.17
Margin (%)2.943.682.30
Figures in INR crores unless specified otherwise

Updater Services Offer News


Updater Services Valuations & Margins

FY 2021FY 2022FY 2023
EPS8.4710.406.70
PE ratio41.79 – 44.78
RONW (%)15.7916.249.34
NAV71.93
ROCE (%)22.5920.2314.17
EBITDA (%)5.785.804.78
Debt/Equity0.040.170.46
*Compiled by IPO Central from Prospectus

Updater Services IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
3 October 20233
2 October 20233
30 September 20234
29 September 20234
28 September 20234
27 September 20235
26 September 202315300450
25 September 202315300450
23 September 202315300450

Updater Services IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered64,28,57133,42,85722,28,5711,19,99,999
27 Sep 20234.480.851.382.89
26 Sep 20230.000.120.680.16
25 Sep 20230.000.010.300.06

Updater Services IPO Allotment Status

Updater Services IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.


Updater Services IPO Dates & Listing Performance

Updater Services IPO Opening Date25 September 2023
Updater Services IPO Closing Date27 September 2023
Finalization of Basis of Allotment30 September 2023
Initiation of refunds30 September 2023
Transfer of shares to demat accounts3 October 2023
Updater Services IPO Listing Date4 October 2023
Opening Price on NSEINR 285 per share (down 5%)
Closing Price on NSEINR 283.9 per share (down 5.37%)

Updater Services IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Avoid
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with Caution
Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities –
ICICIdirect –
Jainam Broking
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Avoid
SMC Global – 1.5/5
Swastika Investmart –
Ventura Securities – Not Rated


Updater Services Offer Lead Manager

IIFL SECURITIES LIMITED
10th Floor, IIFL Centre, Kamala City,
Senapati Bapat Marg, Lower Parel (West),
Mumbai 400 013, Maharashtra
Phone: +91 22 4646 4728
Email[email protected]
Website: www.iiflcap.com


Updater Services Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in


Updater Services Contact Details

UPDATER SERVICES LIMITED
No. 2/302-A, UDS Salai, Off Old Mahabalipuram Road,
Thoraipakkam, Chennai 600 097, Tamil Nadu
Phone: +91 44 24963234 / 0333
Email: [email protected]
Website: www.uds.in


Updater Services IPO FAQs

How many shares in Updater Services IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply in Updater Services Public Offer?

The best way to apply in Updater Services public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Updater Services IPO GMP today?

Updater Services IPO GMP today is INR 3 per share.

What is Updater Services kostak rate today?

Updater Services kostak rate today is INR NA per application.

What is Updater Services Subject to Sauda rate today?

Updater Services Subject to Sauda rate today is INR NA per application.

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