Udayshivakumar Infra IPO

Udayshivakumar Infra Ltd

₹14,124 /428 sharesMinimum Investment

Udayshivakumar Infra IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹35.00₹30.00-₹5.00 (14.29%)

Udayshivakumar Infra IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
20 Mar ‘23 - 23 Mar ‘23₹14,124428₹33 - ₹35
Issue SizeIPO Doc
66.00Cr
RHP PDF

Subscription Status As on 23 Mar '23, 5:03 PM

  • Qualified Institutional Buyers
    40.47x
  • Retail Individual Investor
    14.07x
  • Non-Institutional Investor
    60.41x
  • Total
    30.61x

About Udayshivakumar Infra

Udayshivakumar Infra is engaged in the business of construction of roads, bridges, railway over bridges, and irrigation plants and canals, primarily in the state of Karnataka. The company has also worked on National and State Highways, as well as Smart Roads under the PM’s Smart City Mission projects. Since Fiscal Year 2015, the company has completed 30 projects with an aggregate contract value of Rs. 684.68 crore. Udayshivakumar Infra has also acquired a fleet of modern construction equipment and machinery to support its construction projects.;
Parent Organisation
Udayshivakumar Infra Ltd
Founded
2002
Managing Director
Udayshivakumar

Strengths & Risks

  • Here are some strengths of Udayshivakumar Infra Limited:
  • Focuses on the construction of roads, flyovers, and bridges, which requires special skills and expertise.
  • Has a strong order book of construction of roads, flyovers, bridges, and irrigation projects from state Governments.
  • The company has strong execution capabilities, along with industry experience.
  • Here are some risk factors associated with Udayshivakumar Infra Limited:
  • Majority of the company’s revenue is derived from civil construction. Termination of current contracts or a failure to obtain new ones can materially and adversely affect the company’s financial condition.
  • The order book of the company may not be representative of its future financial performance and the actual income may be much lower than the estimates mentioned in the order book.
  • The company primarily depends on projects awarded to it by the Government of India, state governments, other Government authorities, or entities funded by the Government. Any unfavourable change in Government policy can lead to termination, foreclosure, or renegotiation of contracts, materially affecting the business and results of its operations.
  • The projects are exposed to various risks, such as the risk of cost and time overruns, which can adversely affect business performance, financial results, and future prospects.
  • The business is majorly centred around the State of Karnataka, exposing the company to risks associated with economic, regulatory, and political changes in the same area.
  • In the past, the company has availed moratorium benefits and has rescheduled borrowings. There is no assurance that the same will not happen again in the future.
  • The company derives a significant amount of revenue from a limited number of clients. Loss of any such client can adversely affect the business and financial condition of the company.
  • The company has outstanding litigations, which, if ruled against their favour, may adversely affect the financial condition and business prospects of the company.
  • In the ordinary course of business, the company requires a number of permits and approvals. A failure to obtain or renew these timely can negatively impact business operations.
  • The company has set up ready-mix concrete manufacturing units between 2018 and 2022 that have limited operating history. This might make it difficult for investors to evaluate historical performance and future prospects.
  • The company’s business is capital intensive. If cash flows to meet required debt payments and working capital needs are insufficient, the company may face adverse effects.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular33 - 35₹2 Lakh
High Networth Individual33 - 35₹2 - 5 Lakh
For Udayshivakumar Infra IPO, eligible investors can apply as Regular.
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