Updater Services IPO Listing Highlights: Shares list at discount of 5% on NSE
Updater Services IPO Listing Highlights, Updater Services Share Price NSE, BSE: Shares of Updater Services Ltd. debuted at Rs 285 apiece on the National Stock Exchange (NSE) i.e. at a discount of 5 per cent to the IPO price of Rs 300. However, the shares were listed at Rs 299.90, i.e. at a discount of 0.03% against the issue price of Rs 300, on the BSE. As per the details available with BSE, the equity shares of Updater Services will be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities.
Ahead of the listing, Updater Services raised Rs 288 crore from anchor investors.
Follow Zee Business' LIVE Blog for all the latest updates on Updater Services IPO listing:
Updater Services IPO Listing Highlights, Updater Services Share Price NSE, BSE: Shares of Updater Services Ltd. debuted at Rs 285 apiece on the National Stock Exchange (NSE) i.e. at a discount of 5 per cent to the IPO price of Rs 300. However, the shares were listed at Rs 299.90, i.e. at a discount of 0.03% against the issue price of Rs 300, on the BSE. As per the details available with BSE, the equity shares of Updater Services will be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities.
Ahead of the listing, Updater Services raised Rs 288 crore from anchor investors.
Follow Zee Business' LIVE Blog for all the latest updates on Updater Services IPO listing:
Latest Updates
Updater Services IPO Listing LIVE News Updates: Shares list at discount of 5% on NSE
Shares of Updater Services Ltd. debuted at Rs 285 apiece on the National Stock Exchange (NSE) i.e. at a discount of 5 per cent to the IPO price of Rs 300.
Updater Services IPO Listing LIVE News Updates: Shares list at discount of 0.03%
Shares of Updater Services are listed at Rs 299.90, i.e. at a discount of 0.03% against the issue price of Rs 300, on the BSE.
Updater Services IPO Listing LIVE News Updates: Shares list at a discount of 0.03%
Shares of Updater Services are listed at Rs 299.90, i.e. at a discount of 0.03% against the issue price of Rs 300, on the BSE.
Updater Services IPO Listing LIVE News Updates: Price settles at Rs 299.9
Price settles at Rs 299.9, at a discount of 0.03 per cent, on the Bombay Stock Exchange (BSE).
Updater Services IPO Listing LIVE News Updates: Anil Singhvi's view
Zee Business's Managing Editor Anil Singhvi had advised only high-risk investors to subscribe to the Updater Services IPO for long-term gains. He also said that it would be better to buy shares of Updater Services after listing.
Updater Services IPO Listing LIVE News Updates: Proceeds to be used for payment of debt
Proceeds from the fresh issue will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives, and general corporate purposes.
Updater Services IPO Listing LIVE News Updates: Price range of Rs 280-300
The price range for the company's IPO was Rs 280-300 a share. Updater Services has raised Rs 288 crore from anchor investors.
Updater Services IPO Listing LIVE News Updates: Fresh issue of equity shares of around Rs 400 crore
The Rs 640 crore IPO had a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 80 lakh equity shares by a promoter and existing shareholders.
Updater Services IPO Listing LIVE News Updates: QIBs subscribed 4.48 times
The portion for qualified institutional buyers (QIBs) was subscribed 4.48 times while the quota for retail individual investors (RIIs) received 1.38 times subscription. The non-institutional investors part got subscribed 85 per cent.
Updater Services IPO Listing LIVE News Updates: IPO subscribed 2.90 times on final day
The initial public offer of integrated facilities management company Updater Services was subscribed 2.90 times on the final day of subscription on Wednesday.