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Uday Shivakumar Infra IPO: If you want to earn through the listing of a new company in the stock market, then there is a good opportunity for you. From tomorrow, the initial public offering (IPO) of construction firm Udayashivkumar Infra Limited is opening for investors. Opening tomorrow i.e. from 20th March, this IPO will remain open till 23rd March. Investors can invest in this IPO for three days from March 20 to March 23.
What is the price band of this IPO
The price band of the IPO has been fixed at Rs 33 to Rs 35 per share. Subscribers in IPO can apply in one lot and 428 shares of the company are being received in one lot of IPO.
How much money Udayashivkumar Infra Limited will raise from IPO
The company plans to raise Rs 66 crore through IPO and in this sense it is a small issue but the company is going to use the amount received from this IPO for working capital needs and for general corporate goals.
Know about GMP of company shares
On Saturday, the company’s shares were available at a premium of Rs 10 in the gray market and it is expected that its GMP may increase further with the opening of the IPO tomorrow.
When can allotment and listing of shares take place?
According to market experts, the allotment of shares of Udayashivkumar Infra Limited is likely to happen on March 28, 2023 and the listing is expected to happen on the stock market on April 3, 2023. Its shares are going to be listed on both NSE and BSE exchanges.
Know more about IPO
MAS Services Limited has been appointed as the official registrar to the issue.
Know about Udayashivkumar Infra Limited
Udayashivkumar Infra operates in the sector of road construction and undertakes bidding for roads, bridges, canals and industrial area construction projects including government departments. This is mainly a working company in Karnataka.
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