Udayshivakumar Infra is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified business that builds roads, including local roads in different taluka places, state highways, district roads, smart roads for the PM’s Smart City Mission projects, smart roads for municipal corporations, and national, state, and rural highways. Udayshivakumar Infra IPO will hit the stock market in January 2023.
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About Udayshivakumar Infra
Their business was established in Davangere, India, on August 22, 2002, as a sole proprietorship called “M/s Udayshivakumar,” & on March 31, 2014, a deed of partnership converting the business to a partnership firm with the name “M/s. Udayshivakumar” was signed.
On April 4, 2014, the partnership firm was filed with the Registrar of Firms in Belgaum under the Indian Partnership Act, 1932. Additionally, the partnership agreement dated March 31, 2014 was recreated in accordance with the deed of partnership dated March 8, 2019, by revising the preexisting clauses and adding new elements.
Following the aforementioned revisions, on April 3, 2019, the Registrar of Firms in Belgaum issued a memo acknowledging receipt of paperwork for a change in the partnership’s constitution.
Business
Udayshivakumar Infra tender for Roads, Bridges, Irrigation & Canals Industrial Area construction in the State of Karnataka.
It include Government Departments such as Karnataka Public Works Ports & Inland Water Transport Department, National Highways, Belgaum Smart City Ltd. and Davangere Smart City Ltd., Bruhat Bengaluru Mahanagara Palike, Various Municipal City Corporations, State Highway Development Corporations Ltd., Karnataka Road Development Corporation Ltd., Karnataka Industrial Area Development Board, Davanagere Harihara Urban Development Authority, Krishna Bhagya Jala Nigam Limited (KBJNL), Visvesvaraya Jala Nigam Limited (VJNL), Carvery Niravari Nigam Limited (CNNL), Karnataka Niravari Limited (KNNL), Youth Empowerment & Sports Department, in the State of Karnataka.
In addition to individually executing projects like the ones they have completed in the past, they want to enter into collaborative ventures.
Projects
As of August 31, 2022, their company had completed a number of projects in and around the State of Karnataka alongside the former partnering firm, M/s. Udayshivakumar.
Their Company and the former partnership firm, M/s. Udayshivakumar, have finished 30 projects since Fiscal 2015, with a contract value of 68,468 lakhs.
These projects comprise sixteen highways, five bridges, six irrigation projects, and three civil construction projects. As of August 31, 2022, their company is working on 25 active projects, with a total order book value of 72,030.00 lakhs.
These projects comprise seven roads, seven smart roads, one bridge, seven irrigation projects, and three civil construction works. Additional to their fresh work orders for two irrigation projects & seven roadways have been assigned.
Udayshivakumar Infra IPO
Udayshivakumar Infra Limited, headquartered in Visakhapatnam has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 60 crore on 27 September 2022.
The offer includes a fresh issue of INR 60 Crore and there is no offer for sale (OFS) by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.
-
- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 162.61 | 146.82 | 158.26 | ||
| Total Revenue | 186.39 | 211.11 | 194.41 | ||
| Profit After Tax | 12.15 | 9.32 | 10.49 | ||
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 2.87 | 2.87 | 3 |
| Financial Year 2021 | 2.55 | 2.55 | 2 |
| Financial Year 2022 | 3.33 | 3.33 | 1 |
| Weighted Average | 2.99 | 2.99 | |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
Udayshivakumar Infra limited feel that the following business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:
- Centered on building roads, flyovers, and bridges.
- Strong Order Book of Projects for Building Roads, Flyovers, and Bridges from Different Governmental Agencies, Local Bodies, and Private Developers.
- Strong execution skills and business knowledge.
- Seasoned management group.
Udayshivakumar Infra Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Knr Constructions Limited | 18.12 |
| 2 | 2 | PNC Infratech Limited | 12.00 |
| 3 | 10 | HG Infra Engineering Limited | 10.58 |
| 4 | 10 | IRB Infrastructure Developers Ltd | 25.44 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the NSE on September 21, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.
Udayshivakumar Infra IPO Details
| IPO Opening Date | January 2023 |
| IPO Closing Date | January 2023 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | 60 Crore |
| Fresh Issue | 60 Crore |
| Offer for Sale | 0 |
Udayshivakumar Infra IPO Date
Udayshivakumar Infra Limited IPO opening date is January 2023, and the closing date is January 2023. The Udayshivakumar Infra issue may list in January 2023.
| IPO Opening Date | January 2023 |
| IPO Closing Date | January 2023 |
| Basis of Allotment Date | January 2023 |
| Initiation of Refunds | January 2023 |
| Credit of Shares to Demat Account | January 2023 |
| IPO Listing Date | January 2023 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | – |
Roughly equivalent
|
| Non Institutional Investor | – |
Roughly equivalent
|
| Retail | – | Minimum 1 lot based on availability |
Udayshivakumar Infra IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Udayshivakumar Infra IPO.
Udayshivakumar Infra IPO GMP
Udayshivakumar Infra Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
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Check Out the GMP of all Other IPOs
Udayshivakumar Infra Limited IPO Review
Udayshivakumar Infra Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Udayshivakumar Infra IPO is good or bad.
Udayshivakumar Infra Limited IPO Risk
- Their main source of income is civil construction, and if they are unable to secure new business or have their current contracts terminated, it will have a materially negative impact on their financial situation.
- They often receive infrastructure contracts upon meeting predetermined pre-qualification requirements and after an open bidding process.
- Their order book might not accurately predict their future performance, and their actual revenue might be far lower than the projections made in their order book, which could have a negative impact on their operations, financial situation, results, and prospects.
- They only have a small number of customers, which accounts for a substantial amount of their revenue. Their business & results of operations may suffer if they lose any important clientele.
Other Threats
- They have previously used the moratorium benefits and rescheduled their borrowings.
- There are ongoing legal proceedings concerning their company that, if decided unfavorably, could harm their operations & financial situation.
- They must obtain, renew, or maintain a number of statutory and regulatory licences & approvals in order to conduct business as usual, and failing to do so in a timely manner could have a negative impact on their operations.
- Their business, financial situation, operational performance, and prospects could all suffer if they are exposed to liabilities resulting from building flaws.
- Their company need a lot of funding. The outcomes of their operations could be negatively impacted if they don’t generate enough cash flow to cover their debt payments and working capital needs.
Team
The 27 professionals on their internal engineering and design team have the knowledge and experience required to create intricate architectural and/or structural designs depending on the conceptual needs of their clients.
Their internal engineering and design staff lessens our reliance on contracting out engineering and design work to external parties and is supported by them in EPC agreements.
Their quality control managers and quality surveyors are in charge of carrying out routine tests and inspections at each project site, issuing reports on the state of contractual compliance, and quality control monitoring such as Supervisory Control and Data Acquisition (SCADA).
Udayshivakumar Infra Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Udayshivakumar Infra IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Udayshivakumar Infra Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| January 2023 | 1 | |||||
| January 2023 | 2 | |||||
| January 2023 | 3 |
Udayshivakumar Infra Limited Management
The development of their company and activities has been attributed to their management team, who are highly qualified and experienced in the construction of roads, bridges, and irrigation projects.
Since the beginning of their business, their promoter, who has more than 25 years of personal expertise in the infrastructure development industry, has been a key factor in fostering growth.
In order to offer high levels of customer satisfaction, they feel that their motivated team of management and key managerial professionals, together with their internal systems and processes, work best together.
They contend that their growth and the execution of their plans have been greatly aided by the tenacity and entrepreneurial vision of their Promoter and management.
Udayshivakumar Infra Limited‘ Promoters
- Udayshivakumar
Principal Shareholder’s Holding
| Pre Issue Share Holding | 98.97% |
| Post Issue Share Holding |
Udayshivakumar Infra Limited Prospectus
Contact Details
Udayshivakumar Infra Limited
1924A/196, Banashankari
Badavane, Near NH-4 Bypass,
Davangere – 577 005, Karnataka,
India
Tel : +91 819 229 7009
Email: [email protected]
Website: www.uskinfra.com
Registrar
MAS Services Limited
T-34, 2nd Floor, Okhla Industrial Area,
Phase – II, New Delhi -110 020, India;
Telephone: +91 112 638 7281/83, 4132 0335;
Facsimile: +91 112 638 7384
Email ID: [email protected]
Website: www.masserv.com
Lead Manager(s)
- SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
We hope we are able to answer all your questions about Udayshivakumar Infra IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Udayshivakumar Infra Limited IPO Opening Date?
Udayshivakumar Infra Limited IPO will open in January 2023.
Udayshivakumar Infra Limited IPO Listing Date?
Udayshivakumar Infra Limited IPO will list in January 2023.
Udayshivakumar Infra IPO GMP Today?
Udayshivakumar Infra IPO Grey Market Premium is INR 0 .
Udayshivakumar Infra Limited IPO Allotment Date?
Udayshivakumar Infra Limited IPO basis of allotment will be in January 2023.
Lot size for Udayshivakumar Infra Limited IPO?
Lot size for Udayshivakumar Infra Limited IPO is 0.
