ListedMainboardUDS
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.
₹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
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Price band₹280 – ₹300
Cut-off price₹300
Issue size₹640 Cr
Shares per lot50
Minimum application₹15,000
Minimum quantity50
Face value₹10
Listing exchanges—
ISININE851I01011
Bidding hours10:00 – 17:00 IST
Bidding window25 Sept 2023 – 27 Sept 2023
Not here yet
Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.