Updater Services Limited
25 Sep 2023 – 27 Sep 2023
LISTED
Offer Price
₹280–300
Bid lot
50
Min Application
₹15,000
Issue Size
₹640 Cr
Key dates
Open date
25 Sep 2023
Done
Close date
27 Sep 2023
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
04 Oct 2023
Today
Issue reservation
₹640 CrQIB 50%Retail 35%
QIB
1.07 Cr sh · ₹320.00 Cr
Retail
74.7 L sh · ₹224.00 Cr
BRLM: IIFL Securities Limited · Motilal Oswal Investment Advisors Limited · SBI Capital Markets Limited
Lot ladder — how much to bid
1 lot = 50 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
50 sh · ₹15,000
Max · 13 lots
650 sh · ₹1,95,000
S-HNI · ₹2 L to ₹10 L14–66 lots
Min · 14 lots
700 sh · ₹2,10,000
Max · 66 lots
3,300 sh · ₹9,90,000
B-HNI · Above ₹10 L67+ lots
Min · 67 lots
3,350 sh · ₹10,05,000
Entry point
₹10,05,000 onward
Issue details
Lead managersIIFL Securities Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
Face value₹10
Listing onNSE
RegistrarLink Intime India Private Limited
Live subscription
3.21×
0×1×2×3×+
Oversubscribed
Book₹544.00 Cr
Subscribed₹1,745 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 1,06,66,667₹320.00 Cr | 4,77,86,666₹1,434 Cr | 4.48× |
| HNI | 32,00,000₹96.00 Cr | 27,20,000₹81.60 Cr | 0.85× |
| Retail | 74,66,667₹224.00 Cr | 1,03,78,667₹311.36 Cr | 1.39× |
| Total | 1,81,33,334₹544.00 Cr | 5,81,65,333₹1,745 Cr | 3.21× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 1,433.60 |
| HNI | 81.60 |
| Retail | 311.36 |
| Total | 1,744.96 |
Amounts at the upper band (₹300). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Updater Services Limited IPO?
One lot of 50 shares — ₹15,000 at the upper price band of ₹300.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2023-10-04 on NSE.