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Updater Services Limited

Updater Services Limited is a mainboard IPO raising ₹640 Cr at ₹280 – ₹300 a share. It listed on 9 Oct 2023 and trades at ₹206 today, −31.3% against its issue price of ₹300. It was subscribed 2.90× in total.

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₹300
Issue price
₹206
Price now
−31.3%
Since issue price
9 Oct 2023
Listed on
2.90×Subscribed (final) · all exchanges

2.9 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Who bid for it

Investor categoryShares offeredShares bid forSubscribed
QIB
Banks, funds and other large institutions
64,28,5712,88,14,4004.48×
Foreign Institutional Investorsno separate quota2,41,05,350n/a
Domestic Financial Institutionsno separate quota12,08,350n/a
Mutual fundsno separate quota9,99,950n/a
Othersno separate quota25,00,750n/a
Non-institutional
Wealthy individuals and companies bidding above ₹2 lakh
33,42,85728,40,8000.85×
Non Institutional Investors22,28,57122,76,5001.02×
Corporatesno separate quota3,60,000n/a
Individualsno separate quota14,92,650n/a
Othersno separate quota4,23,850n/a
Non Institutional Investors11,14,2865,64,3000.51×
Corporatesno separate quota4,450n/a
Individualsno separate quota5,25,650n/a
Othersno separate quota34,200n/a
Retail
Ordinary investors bidding up to ₹2 lakh
22,28,57130,90,0501.39×
Cut Offno separate quota26,02,000n/a
Price bidsno separate quota4,88,050n/a
Total1,19,99,9993,47,45,2502.90×

Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Jul, 07:10 pm IST.

How demand built

We hold no subscription readings for this issue.