Updater Services Ltd.
Industry:
Miscellaneous
Issue Details
Open Date
25 Sep 2023Close Date
27 Sep 2023Size (in Crs.)
640
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-20Lot Size
50
Type
Book building
Face Value
10
Market Lot
1
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
Description
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
Address
No.2/302- A, Uds Salai , Off Old Mahabalipuram Road , Thoraipakkam, Kancheepuram
Chennai
600097
State
Tamil Nadu
Phone No.
044 24963234 / 0333
compliance.officer@uds.in
Website
www.uds.in
Promoter Holding
Promoters:
Raghunandana Tangirala, Shanthi Tangirala, Tangi Facility Solutions Pvt Ltd.
Total Share Capital
42998847
Offered to Public
21333333
% Promoter's Holding (Pre-Issue)
80.58
% Promoter's Holding (Post-Issue)
58.47
Shares on offer
Total Share Offer
42998847
Of above offred to public
21333333
Post Issue shares
NA
Post Issue Promoters
58.47
Lead Managers to the Issue:
IIFL Securities Ltd., Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Ltd
Registrar Details
Registrar Name:
Link Intime India Pvt Ltd.
Address
C 101, 247 Park , L B S Marg , Vikhroli (West) , Mumbai
400083
Phone No.
2851 5606/ 2851 5644
-
Website
-
Fax
2851 2885