The Updater Services IPO subscription status has started on September 25, 2023, and it is also being subscribed by QIB, NII, and RII. The Updater Services IPO began on 25 September 2023 and closes on 27 September 2023. Updater Services IPO is preparing to raise ₹640.00 crores through its fresh issue and offer for sale, in which the fresh issue is ₹400.00 crores and the offer for sale is ₹240.00 crores, and the Updater Services IPO price band is fixed ₹280 to ₹300 per share. You can check Updater Services IPO GMP here.
The company offer Audit and Assurance services through our 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 Financial Year ended March 31, 2023.
Updater Services IPO reserved shares in this IPO, 75% for QIB and 15% for NII, and 10% for the retail category have been reserved. To know the Updater Services IPO Subscription Status, you can see the below-day Subscription.
Updater Services IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹34.61 Cr ₹300 Per Shares 6.77 44.31x 9.40 % 9.34 % 14.17 % 0.46 ₹71.93 ₹1216.95 Cr ₹2001.00 Cr 80.58 % – % |
| Team Review : | ✔ Apply For Long Term |
Updater Services IPO Subscription Status {Live Update} :
The total Updater Services IPO Subscription Status subscribed 2.96x times so far, with QIB subscribed 4.50x and NII subscribed 0.89x times & RII 1.45x times on Day 3. (Closed)
| Category | Day 1 | Day 2 | Day 3 |
| QIB : | 0.0x | 0.0x | 4.50x |
| NII : _________ bNII (above ₹10L): sNII (below ₹10L): | 0.01x ______ 0.00x 0.00x | 0.12x ______ 0.14x 0.08x | 0.89x ______ 1.07x 0.53x |
| RII : | 0.32x | 0.68x | 1.45x |
| Total : | 0.06x | 0.16x | 2.96x |
Updater Services IPO Net Shares Offered:
Updater Services IPO is a public issue of 21,333,333 equity shares. The issue offers 6,400,000 shares to qualified institutional buyers, 3,200,000 shares to non-institutional investors, and 2,133,333 shares to retail investors.
| Category | Net EQ Offer | Amount(in Cr) |
| Anchor : | 9,600,000 | 288.00 Cr |
| QIB : | 6,400,000 | 192.00 Cr |
| NII : ________________________ bNII (bids above ₹10L) : sNII (bids below ₹10L) : | 3,200,000 ______________ 2,133,333 1,066,666 | 96.00 Cr _______ 64.00 Cr 32.00 Cr |
| RII : | 2,133,333 | 64.00 Cr |
| Total : | 21,333,333 | 640.00 Cr |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.
● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
Updater Services IPO Subscription Status FAQs :
How much was the total Updater Services IPO Subscription Status?
The total Updater Services IPO Subscription Status 2.96x times Day 3.
What is the Updater Services IPO retail subscription Status?
Updater Services IPO Retail Subscription 1.45x times Day 3.
How much is the Updater Services IPO QIB subscription Status?
The Updater Services IPO QIB subscription 4.50x times Day 3.
How much did Updater Services IPO NII subscribe?
Updater Services IPO NII Subscription 0.89x times Day 3.
What is Updater Services IPO Investors Portion?
The investors’ portion for QIB 75%, NII 15%, RII 10%.
What is Updater Services IPO Allotment Date?
Updater Services IPO allotment date is 04 October 2023.
What is Updater Services IPO Listing Date?
Updater Services IPO listing date is 09 October 2023. The IPO to list on NSE, BSE.
How to Apply the Updater Services IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Updater Services IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Updater Services IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Updater Services IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Updater Services IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Updater Services IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Updater Services IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Updater Services IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Updater Services IPO GMP: Click Here Updater Services IPO Details: Click Here Updater Services IPO Allotment: Click Here Updater Services IPO Listing: Click Here |
All Updater Services IPO-related links are available here. If you want to know the details then click on Click Here Link.
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