Updater Services Ltd.
Open Date25 Sep 2023
Close Date27 Sep 2023
Size (in Crs.)
Objective of the Issue
1. Repayment and /or prepayment of certain borrowings availed by our Company2. Funding our working capital requirements3. Pursuing inorganic initiatives4. General corporate purposes
Our Company was founded by Raghunandana Tangirala who has over 30 years of experience in the integrated businessservices industry. We commenced operations in 1990 as a housekeeping and catering services company situated atChennai, Tamil Nadu. Over the years, we have evolved into an integrated business services platform with a pan Indiapresence serving customers across industries and business service lines. We are led by a well-qualified and experiencedmanagement team, which has robust experience in the sectors... Show More
No.2/302- A, Uds Salai , Off Old Mahabalipuram Road , Thoraipakkam, Kancheepuram
044 24963234 / 0333
Raghunandana Tangirala, Shanthi Tangirala, Tangi Facility Solutions Pvt Ltd.
Total Share Capital
Offered to Public
% Promoter's Holding (Pre-Issue)
% Promoter's Holding (Post-Issue)
Shares on offer
Total Share Offer
Of above offred to public
Post Issue shares
Post Issue Promoters
Lead Managers to the Issue:
IIFL Securities Ltd., Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Ltd
Link Intime India Pvt Ltd.
C 101, 247 Park , L B S Marg , Vikhroli (West) , Mumbai
2851 5606/ 2851 5644