Udayshivakumar Infra IPO opens: check out subscription status, issue price band, bidding lot size, listing date

Udayshivakumar Infra IPO: Infrastructure company Udayshivakumar Infra’s initial public offering (IPO) opened for subscription on Monday, March 20. The Udayshivakumar IPO will close on Wednesday, March 23.

Udayshivakumar Infra subscription status

As of 5 pm, the IPO was subscribed 2.2 per cent so far on Day 2, receiving bids for 4,39,05,952 shares as against the 2,00,00,000 shares on offer. 

Here's all you need to know for the latest IPO to have hit the Street:

Udayshivakumar Infra IPO: Issue price band 

The price band for the issue is fixed at Rs 33-35 per share.

Udayshivakumar Infra IPO: Lot size  

Potential investors will be able to bid for Udayshivakumar shares in multiples of 428, which translates to Rs 14,124-14,980 per lot. 

The IPO consists of a fresh issue of 20,000,000 equity shares with a face value of Rs 10 aggregating to Rs 66 crore.

Proceeds of the issue will be used to fund incremental working capital requirements and general corporate purposes.

Udayshivakumar Infra IPO: Listing date and other important dates

Udayshivakumar Infra shares are likely to be listed on BSE and NSE on April 3 at 10 am.  

The registrar of the issue is MAS Services Limited.

Udayshivakumar Infra: What does the company do?  

Incorporated in 1995, Udayshivakumar Infra operates in the business of the construction of roads. It bids for roads, bridges, canals and industrial areas construction projects in Karnataka, including from government departments. 

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.