58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Updater Services Limited IPO (Updater Services IPO) Details

Updater Services Limited is an Corporate Solutions based company, located in Tamil Nadu, Updater Services Limited IPO size was 640.00 Cr. and was issued at 300.00 per share. The share of Updater Services Limited were listed at 283.85 per share and are currently trading at 300.35 per share.

Type :
Sub Sector : IFM And BSS Segment Having Integrated Business Services
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
2112.09 Cr.

PAT :
34.61 Cr.

Pricing Report

Issue Price :
300.00

Listing Price :
283.85

Current Market Price :
300.35

Issue Price vs CMP :
0.35000000000002 (0.12%)

listing Price vs CMP :
16.5 (5.81%)

Performance Report (CAGR* wise)

CAGR : 0.08
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Updater Services

Company Information
Updater Services Limited , a leading, focused, and integrated business services platform in India, providing comprehensive Integrated Facilities Management (IFM) services and Business Support Services (BSS) with a pan-India presence (Source: F&S Report). As the second-largest player in the IFM market, they are distinguished by the industry's most extensive service offerings (Source: F&S Report). Within the BSS segment, their subsidiary, Matrix, leads in dealer and distributor audits with a 16.2% market share and ranks third in employee background verification with a 5.7% share as of March 31, 2022 (Source: F&S Report). Their subsidiaries, Denave and Athena, dominate the sales enablement market, with Denave holding a 15.4% share, while Avon leads the mailroom management segment with a 15.5% market share during the same period (Source: F&S
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Object of Issue
  • Repayment and /or prepayment of certain borrowings availed by the Company
  • Funding the working capital requirements
  • Pursuing inorganic initiatives
  • General Corporate Purposes

Updater Services MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Oct, 2023
IPO Size :
640.00 Cr.
Market Cap :
2001.00 Cr.   
IPO Subscription :
2.96 X     
PE Multiple :
5.93
Merchant Banker :
Iifl Securities Limited
IPO Registrar:
Link Intime India Private Limited
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Peer Companies Of This Sector

FAQs

Updater Services operates in Corporate Solutions and IFM And BSS Segment Having Integrated Business Services. The Issue is listed on BSE,NSE in Oct, 2023. Updater Services IPO size was 640.00 Cr. with Issue price of 300.00 .

Merchant Banker(s) of Updater Services IPO: Iifl Securities Limited , Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited

Updater Services IPO subscription was 2.96 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Updater Services IPO listed at a listing price of 283.85 against the offer price of 300.00.

The current market price of Updater Services is 300.35.

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