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  SEBI Circular No. CIR/MRD/DP/01/2014 Dated 7th January, 2014   Click here
  SEBI Circular No. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95, Dated 26th September, 2016.   Click here
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IPO Synopsis Updater Services Ltd
Registered Office : #2/302-A UDS Salai Off Old,Mahabalipuram Rd Thoraipakkam, Chennai - 600097, Tamil Nadu, India.
Phone : +91 44 24963234/0333   Fax:
Email : compliance.office@uds.in
Website :www.uds.in
Initial public offering of 21,333,333^ equity shares of face value of Rs. 10 each ("Equity Shares") of Updater Services Limited ("The Company" or the "Issuer") for cash at a price of Rs. 300 per equity share (including a share premium of Rs. 290 per equity share) ("Offer Price") aggregating Rs. 640.00^ crores (the "Offer"). The offer comprises of a fresh issue of 13,333,333^ equity shares aggregating Rs. 400.00^ crores ("Fresh Issue") and an offer for sale of 8,000,000^ equity shares ("Offered Shares") aggregating Rs. 240.00^ crores ("Offer for Sale"), comprising 4,000,000^ equity shares aggregating Rs. 120.00^ crores by Tangi Facility Solutions Private Limited (the "Promoter Selling Shareholder"), 800,000^ equity shares aggregating Rs. 24.00^ crores by India Business Excellence Fund - ii and 3,200,000^ equity shares aggregating Rs. 96.00^ crores by India Business Excellence Fund - iia (together, the "Investor Selling Shareholders", and along with the promoter selling shareholder, the "Selling Shareholders"). The offer will constitute 31.98% of the post-offer paid-up equity share capital. The face value of the equity share is Rs. 10 each and the offer price is 30 times the face value of the equity shares. ^Subject to finalisation of basis of allotment.  
Issue Money Payable On
Opens On Closes On Application Allotment
 25-Sep-23  27-Sep-23  300.00-0.00  0.00-0.00
Minimum Application for shares in Nos :  50   Further Multiples of :  50
  Rs Cr Lead Managers to the Issue
Project Cost  377.87 IIFL Securities Ltd
Project Financed through Current Offer  640.00  
Post Issue Equity Share Capital  66.70  
Issue Price  300.00  
Projects
 Repayment and/or prepayment of certain borrowings availed by the company  Funding the company working capital requirements
 Pursuing inorganic initiatives  General corporate purposes
Promoted By
 Raghunandana Tangirala
 Shanthi Tangirala
 Tangi Facility Solutions Pvt L
Listing At
 BSE
 NSE
Registrar to the Issue
No Data available..!
 
Attention Investors: No need to issue cheques by investors while subscribing to IPO. just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. | Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.' "
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